U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Sri Guru Ram Das Charitable Hospital Trust, Punjab - 124/2013 - Income Tax

NOTIFICATION NO. 124/2013 DATED 27-12-2013 S.O. 3875(E) - WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2545(E) dated 6.10.2009, 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 28, Health care project (hospital and medical college) by Sri Guru Ram Das Charitable Hospital Trust, Mehta Road, Near Hothian Village, Amritsar-143006, Punjab , at the estimated cost of 32.40 crore, as an eligible project or scheme for a period of three years ending with financial year 2011-12; which was extended further vide notification number S.O. 1378(E) dated 14.06.2011 for a period of three years ending with financial year 2013-14. AND WHEREAS the said project or scheme is likely to extend beyond six 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 notifies the scheme or project, Health care project (hospital and medical college) , which is being carried out by Sri Guru Ram Das Charitable Hospital Trust, Mehta Road, Near Hothian Village, Amritsar-143006, Punjab , without any change in the approved cost of 32.40 crore, as an eligible project or scheme for a further period of three financial years commencing with the financial year 2014-15 i.e., 2014-15, 2015-16 and 2016-17. [F.NO.27015/3/2013-SO (NAT.COM)]