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U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On –Sanjivani Health and Relief Committee, Ahmedabad - 79/2013 - Income TaxExtract NOTIFICATION NO. 79/2013 DATED 27-12-2013 S.O. 3830(E) - Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. No. 2907 (E) dated 17.11.2009, 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 8, Sanjivani Gramin Arogya Kendras by Sanjivani Health and Relief Committee, C/o Dr. Pankaj R. Shah, Hari Om Flats, Nr. Chandranagar, Narayannagar Road, Paldi, Ahmedabad 383007 - Gujarat , as an eligible project or scheme for a period of three years for a period of three financial years ending with financial year 2011-12; which was further extended vide notification number S.O.1066 (E) dated 14.05.2012 ending with financial year 2014-15. And whereas the project cost is likely to enhance from ₹ 1.83 crore to ₹ 4.28 crore; And, whereas, the National Committee for the 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 enhancing the project cost from ₹ 1.83 crore to ₹ 4.28 crore; 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 amends the said notification number S.O. No. 2907 (E) dated 17.11.2009 read with notification number S.O.1066 (E) dated 14.05.2012 , to the following effect, namely :- In the said notification, in the Table against serial number (3), in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC , for the letters, figures and word ₹ 1.83 crore , the letters, figures and word ₹ 4.28 crore shall be substituted. [(F.NO.27015/3/2013-SO (NAT.COM)]
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