U/s 35AC- Amendment in the notification number S.O. 614(E) dated the 18.3.2010 - 141/2015- S.O. 1571 (E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 15th June, 2015 S.O. 1571 (E).- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 614 (E) dated 18th March, 2010, 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 20, Expansion of PBMA s H.V Desai Eye Hospital project by setting up Dharamsey Nensy Super Speciality Eye Care Centre, Institute of Ocular Surface Management, Department of Community Ophthalmology, Doctors quarters and canteen by The Poona Blind Men s Association, PBMA S H.V. Desai Eye Hospital S.No. 93/2, Tarawae Vasti, Mohammadwadi, Hadaspsar, Pune- 411 060, Maharashtra , as an eligible project or scheme for a period of three years beginning with financial year 2009-10 and which was further extended for a period of three years commencing with financial years 2012-13 vide S.O. No. 2409 (E) dated 9.10.2012; And whereas the project cost is likely to enhance from ₹ 7.14 crore to ₹ 39.39 crore; 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 and amending the project cost from ₹ 7.14 crore to ₹ 39.39 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 Expansion of PBMA s H.V Desai Eye Hospital project by setting up Dharamsey Nensy Super Specialty Eye Care Centre, Institute of Ocular Surface Management, Department of Community Ophthalmology, Doctors quarters and canteen which is being carried out by The Poona Blind Men s Association, PBMA S H.V. Desai Eye Hospital S.No. 93/2, Tarawae Vasti, Mohammadwadi, Hadaspsar, Pune- 411 060. Maharashtra, as an eligible project or scheme for a further period of three years commencing with the financial year 2015-16, i.e. 2015-16, 2016-17 and 2017-18 and; (b) further amends the said notification number S.O. 614(E) dated the 18.3.2010, to the following effect, namely :- In the said notification, in the Table against serial number 20, in column (4) maximum amount of cost to be allowed as deduction under section 35 AC of Income Tax Act, 1961, for the letters, figures and word ₹ 7.14 crore , the letters, figures and word ₹ 39.39 crore shall be substituted. [No. 141/2015 / F.No.V. 27015/1/2015-SO (NAT.COM)] MAKKHAN LAL MEENA, Dy. Secy. (National Committee)