Notification u/s 35AC - Notifies the scheme Bhagyoday General Hospital expansion project - 60/2012 - Income Tax

Notification No. 60/2012 Dated : 14.05.2012 S.O. 1093 (E)- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 2545(E), dated 6th October, 2009 , 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 at serial number 12, Bhagyoday General Hospital expansion project by Bhagyoday Charitable Trust, Bhagyoday General Hospital, Opposite Bus Station, Himatnagar-383 001, Gujarat, as an eligible project or scheme 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 three 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 Bhagyoday General Hospital expansion project which is being carried out by Bhagyoday Charitable Trust, Bhagyoday General Hospital, Opposite Bus Station, Himatnagar-383 001, Gujarat, without any change in the approved cost of ₹ 21.95 crore including a corpus fund of ₹ 4.00 crore, 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.)]