Amendment in the notification number S.O. 267(E) dated the 29th March, 1994 - 257/2003- S.O. 1245(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 30 th October, 2003 S.O. 1245(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 267(E) dated the 29 th March, 1994 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 specified at serial number 5, for construction of 200 beded hospital named as Nirmay Tirth, with mobile dispensaries at Sola, District Ahmedabad for providing free medical treatment including examination, dispensation of medicines, pre- operative diagnosis, surgical operations and post operative care and providing beds and diet free of cost to patients admitted in the hospital and free stay for relatives of patients from distant places, by Shree Bhagawat Vidyapeeth, Krishna Dham, Sola, Ahmedabad, as eligible project or scheme for a period of three years beginning with assessment year 1994-95 which was extended further vide notification number S.O 405(E) dated 6 th June, 1996 for a period of three years beginning with assessment year 1997-1998 and which was extended further vide notification number S.O. 1043(E) dated 18 th November, 1999 as an eligible project or scheme for a period of three years beginning with assessment year 2000-2001; And whereas the said project or scheme is likely to extend beyond nine years; 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 specifying the said project or scheme for a further period of three years and the Committee however allowed concession of ₹ 350.00 lakhs towards corpus fund of ₹ 138.25 lakhs, i.e. approved cost of the project; 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 specifies the scheme or project of construction of 200 beded hospital named as Nirmay Tirth, with mobile dispensaries at Sola, District Ahmedabad for providing free medical treatment including examination, dispensation of medicines, pre- operative diagnosis, surgical operations and post operative care and providing beds and diet free of cost to patients admitted in the hospital and free stay for relatives of patients from distant places, by Shree Bhagawat Vidyapeeth, Krishna Dham, Sola, Ahmedabad, as an eligible project or scheme for a further period of three years beginning with assessment year 2004-2005; and (b) further amends the said notification number S.O. 267(E) dated the 29 th March, 1994, to the following effect, namely:- In the said notification, in the Table against serial number 5, in column (4), the committee, however, allowed concession of ₹ 350.00 lakhs towards corpus fund out of ₹ 138.25 lakhs, i.e., approved cost of the project shall be substituted. [F. NO. 257-2003/F.NO. NC-224/2003] A.J. MAJUMDAR, Secy. (National Committee)