Exemption u/s 35AC - Central Government notified "Construction furnishing, equipments and running of hospital at Crozaria, District Mehsana, Gujarat" as an eligible project or scheme. - 16/2009/S.O. 245(E) - Income Tax

Exemption u/s 35AC - Central Government notified "Construction furnishing, equipments and running of hospital at Crozaria, District Mehsana, Gujarat " as an eligible project or scheme. NOTIFICATION New Delhi , the 21st January, 2009 S.O.245(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 399(E), dated the 6th June, 1996, 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 5, "Construction furnishing, equipments and running of hospital at Crozaria, District Mehsana, Gujarat" by Smt. Samarathben Chunilal and Sheth Dosabhai Madhavji Sarvajanik Turst, Crozaria District Mehsana, Taluk-Vijapur, Gujarat 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. 101(E), dated the 11th February, 1999 for a period of three years beginning with assessment year, 2000-2001, which was extended further vide notification number S.O.1113(E), dated the 24 th October, 2002 for a period of three years beginning with assessment year, 2003-2004 and which was extended further vide notification number S.O. 140(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 "Construction furnishing, equipments and running of Hospital at Crozaria, District Mehsana, Gujarat" being carried out by Smt. Samarathben Chunilal and Sheth Dosabhai Madhavji Sarvajanik Turst, Crozaria, District Mehsana Taluk-Vijapur, Gujarat, without any change in the approved cost of Rs. 59.00 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.16/2009/F.No. NC-274/17/2008] NAVEEN CHANDRA, Director (National Committee)