Exemption u/s 35AC - Central Government notified Mahavir Heart Research Foundation Avanti Apartments, Behind Gandhi Market, Sion (East), Mumbai as an eligible project or scheme. - 02/2009/S.O. 231(E) - Income Tax

Exemption u/s 35AC - Central Government notified Mahavir Heart Research Foundation Avanti Apartments, Behind Gandhi Market, Sion (East), Mumbai as an eligible project or scheme. MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi , the 2lst January 2009 S.O.231(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 469(E), dated the 2nd, July, 1996, 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 8 "(a) Detection. Prevention Research and Education; (b) Diagnosis, curing and operation to Heart patients; (c) Maintaining of Atithi Griha" by Mahavir Heart Research Foundation, Avanti Apartments, Behind Gandhi Market Sion (East), Mumbai-400020, as an eligible project or scheme for a period of three years beginning with assessment year 1997-1998, which was extended further vide notification number S.O. 18(E), dated the 4th January, 2000 for a period of three years beginning with assessment year 2000-2001,which was extended vide notification numberS.O.686(E) dated the 13th June, 2003 for a period of three years beginning with assessment year 2003-2004, which was extended further vide notification number S.O.152(E), dated the 3rd February, 2006 for a period of three years beginning with financial year 2005-2006; 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), hereby notifies the scheme or project "(a) Detection, Prevention Research and Education; (b) Diagnosis, curing and operation to Heart patients; (c) Maintaining of Atithi Gariba" being Carried out by Mahavir Heart Research Foundation Avanti Apartments, Behind Gandhi Market, Sion (East), Mumbai-400020 without any change in the approved cost of Rs. 315.85 lakh, as an eligible project or scheme for a further period of three years beginning with financial year 2008-2009 i.e. 2008-2009,2009-2010 and 2010-2011. [No. 2/2009/F. No. NC-274/17/2008. NAVEEN CHANDRA, Director (National Committee)