Notification u/s 35AC - Notifies the scheme Construction of building, furnishing, purchase of equipments, water works of Kailash Cancer Hospital and Research Centre at District Vadodara, Gujarat - 51/2012 - Income Tax

Notification No. 51/2012 Dated : 14.05.2012 S.O. 1084 (E)- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S. O. 258(E), dated 22nd March, 2001 , issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961) , the Central Government had notified serial number 7, Construction of building, furnishing, purchase of equipments, water works of Kailash Cancer Hospital and Research Centre at District Vadodara, Gujarat by Muni Seva Ashram, Goraj-391 760, Tal. Vaghodia, District Vadodara, Gujarat, as an eligible project or scheme for a period of three years beginning with the assessment year 2001-02 which was extended further vide notification number S. O. 1130(E), dated 29th September, 2003, for a period of three years beginning with the assessment year 2004-05, which was extended further vide notification number S. O. 240(E), dated 15th February, 2007 , for a period of three years beginning with the financial year 2006-07 and which was extended further vide notification number S. O. 1259(E), dated 18th May, 2009 , for a period of three years beginning with the financial year 2009-10 ; And whereas the said project or scheme is likely to extend beyond twelve years ; And whereas the National Committee for Promotion of Social and Economic Welfare, being satisfied that the said project or scheme is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962 , for extending the said project or scheme for a further period of three years ; Now, therefore, the Central Government, in exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961) , (a) hereby notifies the scheme or project. Construction of building, furnishing, purchase of equipments, water works of Kailash Cancer Hospital and Research Centre at District Vadodara, Gujarat which is being carried out by Muni Seva Ashram, Goraj-391 760, Tal. Vaghodia, District Vadodara, Gujarat, without any change in the approved cost of ₹ 2118.67 lakh, as an eligible project or scheme for a further period of three years commencing with the financial year 2012-13, i.e. 2012-13, 2013-14 and 2014-15. [F. No. V. 27015/2/2012-SO (NAT. COM.)]