U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Sheth Vadilal Sarabhai General Hospital, Ahmedabad - 85/2013 - Income Tax

NOTIFICATION NO. 85/2013 DATED 27-12-2013 S.O. 3836(E) - Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.915(E) dated the 27 th August, 2002 , 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 8, Construction of additional building/renovation of existing building and purchase of equipments for the Hospital at Ahmedabad, Gujarat by Sheth Vadilal Sarabhai General Hospital and Sheth Chinai Maternity Hospital, Ellis Bridge, Ahmedabad-6, as an eligible project or scheme for a period of three years beginning with assessment year 2003-2004, which was extended further vide notification number S.O. 1012(E) dated the 5th July, 2006 for a period of two years beginning with financial year 2006-2007; which was further extended vide notification number S.O. 2388(E) dated 03.10.2008 for a period of three years ending with financial year 2010-11. And whereas the said project or scheme is likely to extend beyond ten 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 Construction of additional building/renovation of existing building and purchase of equipments for the Hospital at Ahmedabad, Gujarat being carried out by Sheth Vadilal Sarabhai General Hospital and Sheth Chinai Maternity Hospital, Ellis Bridge, Ahmedabad-6, without any change in the approved cost of ₹ 1635.45 lakh, as an eligible project or scheme for a further period of three years beginning with financial year 2011-12 i.e., 2011-12, 2012-13 and 2013-14, with the direction that as the financial years 2011-12 2012-13 have already lapsed, no certificate under section 35AC of the IT Act, 1961 would be issued for the financial years 2011-12 2012-13. [F.NO.27015/3/2013-SO (NAT.COM)]