U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – H.B.S. Trust, (Human Benefits Service Trust), Jodhpur - 209/2015 - Income Tax

NOTIFICATION NO. 209/2015 New Delhi, the 20 th July, 2015 S.O. 1996(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.604(E) dated the 20th May, 2004 , 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 10, Establishment and running of the school and hospital by H.B.S. Trust, (Human Benefits Service Trust) 21-C, First Floor, Ratanada, Jodhpur 342001, (Rajasthan) , as an eligible project or scheme for a period of three years beginning with financial year 2003-2004, which was extended further vide notification number S.O.484(E) dated the 29th March, 2007 for a period of three years beginning with financial year 2006-2007, which was extended further vide notification number S.O. 2910(E) dated 17th November, 2009 for a period of three years beginning with financial year 2009-10 and which was extended further vide notification number S.O. 2416(E) dated 9th October, 2012 for a period of three years beginning with financial year 2012-13; And whereas the said project or scheme is likely to extend beyond twelve 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) , (a) hereby notifies the scheme or project Establishment and running of the school and hospital which is being carried out by H.B.S. Trust (Human Benefits Service Trust), 21-C, First Floor, Ratanada, Jodhpur 342001, (Rajasthan) , without any change in the approved cost of ₹ 937.74 lakh including a corpus fund of ₹ 500.00 lakh, as an eligible project or scheme for a further period of three years beginning with financial year 2015-16 i.e. 2015-16, 2016-17 and 2017-18. [F. No. V.27015/2/2015-SO (NAT.COM)] MAKKHAN LAL MEENA, Dy. Secy. (National Committee)