U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On – Kacheria Mojilal Gordhandas General Hospital Trust, Gujarat - S.O. 3063(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 253/2015 New Delhi, the 10 th November, 2015 S.O. 3063(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 737(E) dated 13th March, 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 16, K.M.G General Hospital by Kacheria Mojilal Gordhandas General Hospital Trust, Near Saliawadi Darwaja, Balasinor, District Kheda, Gujarat 388255 , as an eligible project or scheme for a period of three years beginning with financial year 2009-10 and which was extended further vide notification number S.O. 644(E) dated the 12.03.2013 for a period of three years ending with financial year 2014-15; And whereas by Notification number S.O. 882(E) dated 27th April, 2011, the estimated cost was enhanced from ₹ 1.55 crore including a corpus fund of ₹ 1.00 crore to ₹ 2.32 crore including a corpus fund of ₹ 2 crore and which was further enhanced from ₹ 2.32 crore including a corpus fund of ₹ 2 crore to ₹ 4.82 crore i.e. an additional amount of R. 2.5 crore as corpus fund vide notification number S.O. 644(E) dated the 12.03.2013; And whereas the said project or scheme is likely to extend beyond six years; And whereas the project cost is likely to enhance from ₹ 4.82 crore including a corpus fund of ₹ 4.50 crore to ₹ 10.82 crore including a corpus fund of ₹ 2.50 crore. 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 further period of three years and amending the project cost from ₹ 4.82 crore including a corpus fund of ₹ 4.50 crore to ₹ 10.82 crore including a corpus fund of ₹ 2.50 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) , (a) hereby notifies the scheme or project for K.M.G General Hospital , which is being carried out by Kacheria Mojilal Gordhandas General Hospital Trust, Near Saliawadi Darwaja, Balasinor, District Kheda, Gujarat 388255 , as an eligible project or scheme for a further period of three years commencing with financial year 2015-16 i.e 2015-16, 2016-17 2017-18 and; (b) further amends the said notification number S.O. 737(E) dated the 13th March, 2009 , to the following effect, namely :- In the said notification, in the Table against serial number 16, in column (4) relating to maximum amount of cost to be allowed as deduction under section 35AC of Income Tax Act, 1961 , for the letters, figures and word 4.82 crore including a corpus fund of ₹ 4.50 crore , the letters, figures and word ₹ 10.82 crore including a corpus fund of ₹ 2.50 crore shall be substituted. [F. No.V. 27015/3/2015-SO (NAT.COM)] MAKKHAN LAL MEENA, Dy. Secy. (National Committee)