Exemption u/s 35AC - Central Government notified "Medical treatment, medicines, food to needy patients, books, educational kits, uniforms and scholarship for needy students and other social welfare activities for the people" as an eligible project or scheme. - 10/2009/S.O. 239(E) - Income Tax

Exemption u/s 35AC - Central Government notified "Medical treatment, medicines, food to needy patients, books, educational kits, uniforms and scholarship for needy students and other social welfare activities for the people" as an eligible project or scheme. NOTIFICATION New Delhi , the 21st January, 2009 S.O. 239(E). - Whereas, by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.180(E), dated the 10th March, 1997, 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 22, "Medical treatment, medicines, food to needy patients, books, educational kits, uniforms and scholarship for needy students and other social welfare activities for the people" by Sanjivani Trust, Everest, A/1-2, 2nd Floor, 156, Tardeo Road, Mumbai-400034, as an eligible project or scheme for a period of three years beginning with assessment year, 1997-98, which was extended further vide notification number S.O.213(E) dated the 1st April, 1999 for a period of three years beginning with assessment year, 2001-2002, which was extended further vide notification number S.O.1127(E), dated the 24th October, 2006 for a period of three years beginning with assessment year 2003-2004 and which was extended further vide notification number S.O.496(E), dated the 4th April, 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 "Medical treatment, medicines, food to needy patients, books, educational kits, Uniforms and Scholarship for needy students and other social welfare activities for the people" being carried out by Sanjivani trust, Everest, A/1-2, 2nd Floor, 156, Tardeo Road, Mumbai-400034, without any change in the approved cost of Rs.74.00 lakh plus a corpus fund of Rs. 25.00 lakh, as an eligible project or scheme for a further period of three years beginning with financial year 2005-2009 i.e. 2008-2009,2009-2010 and 2010-2011. [No.10/209/F.No. NC-274/l7/2008] NAVEEN CHANDRA, Director (National Committee)