U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On –Sardar Patel Health Foundation, Gujarat - 20/2015 - Income Tax

NOTIFICATION NO. 20/2015 DATED 6-1-2015 S.O. 71(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.2302(E) dated 3.10.2011 issued under 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 14, For extension support of present activities i.e., to meet with recurring deficits and to create corpus fund for future deficit of the hospital by Sardar Patel Health Foundation, Sachchidanand Plot No.2701, Behind Patel Park, Aerodrome Road, Bhavnagar-364001, Gujarat , as an eligible project or scheme, at the estimated cost of ₹ 750.51 lakh including corpus fund of ₹ 530.25 lakh, for a period of three years ending with financial year 2013-14. And whereas the said project or scheme is likely to extend beyond 3 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 specifying 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) , hereby notifies the scheme or project For extension support of present activities i.e., to meet with recurring deficits and to create corpus fund for future deficit of the hospital , which is being carried out by Sardar Patel Health Foundation, Sachchidanand Plot No.2701, Behind Patel Park, Aerodrome Road, Bhavnagar-364001, Gujarat , without any change in the approver cost of ₹ 750.51 lakh including corpus fund of ₹ 530.25 lakh, for a further period of three years commencing with financial year 2014-15, i.e., 2014-15, 2015-16 and 2016-17. [F.NO.V.27015/3/2014-SO(NAT.COM)]