U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Kailash Charitable Trust, Noida - 45/2015 - Income Tax

NOTIFICATION NO. 45/2015 DATED 6-1-2015 S.O. 96(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O.973(E), dated the 14th December, 1995 , 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 specified at serial number 13, for Running of free medical aid services at NOIDA by Kailash Charitable Trust, C-320, Sector-19, NOIDA-201301 , as an eligible project or scheme, at, the estimated cost of ₹ 40.00 lakh for a period of three years beginning with assessment year 1996-1997; which was extended further vide notification number S.O.212(E) dated the 16th March, 1998 for a period of three years beginning with assessment year 1999-2000; which was extended further vide notification number S.O.982(E) dated the 10th September, 2002 for a period of three years beginning with assessment year 2003-2004; which was extended further vide notification number S.O.141(E) dated the 3rd February, 2006 for a period of three years beginning with financial year 2005-2006; which was extended further vide notification number S.O.649(E) dated the 22nd March, 2010 for a period of three years beginning with financial year 2008-09; and which was further extended vide notification number S.O. 1873(E), dated 12.8.2011 for a period of three years ending with financial year 2013-14; And whereas by notification number S.O.212(E) dated the 16th March, 1998 the estimated cost was amended from ₹ 40.00 lakh to ₹ 75.00 lakh; and which was further amend vide S.O. 1163(E), dated 16.7.2007, the estimated cost was amended from ₹ 75.00 lakh to ₹ 1.50 crore; And whereas the said project or scheme is likely to extend beyond eighteen 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), hereby specifies the scheme or project for Running of free medical aid services at NOIDA , which is being carried out by Kailash Charitable Trust, C-320, Sector-19, NOIDA-201301 , without any change in the approved cost of ₹ 1.50 crore, as an eligible project or scheme for a further period of three years commencing with the financial year 2014-15, i.e., 2014-15, 20l5-16 and 2016-17. [F.NO.V.27015/3/2014-SO(NAT.COM)]