Exemption u/s 35AC - notified at serial number 9, "Providing free food and anti-Cancer drugs to poor cancer patients in General wards of Cancer Institute at Chennai, Tamilnadu" by The Cancer Institute (WIA) Trust, Chennai, as an eligible project or scheme - 42/2009 - Income Tax

Exemption u/s 35AC - notified at serial number 9, "Providing free food and anti-Cancer drugs to poor cancer patients in General wards of Cancer Institute at Chennai, Tamilnadu" by The Cancer Institute (WIA) Trust, Chennai, as an eligible project or scheme NOTIFICATION New Delhi , the 25th March, 2009 S.O. 841(E) - Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.96(E) dated the 11th February 1999, 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 9, "Providing free food and anti-Cancer drugs to poor cancer patients in General wards of Cancer Institute at Chennai, Tamilnadu" by The Cancer Institute (WIA) Trust, East Canal Bank Road, Gandhi Nagar, Adyar, Chennai - 600020, as an eligible project or scheme for a period of three years beginning with assessment year 1999-2000, which was extended further vide notification number S. O. 920(E) dated the 20th September, 2001 for a period of three years beginning with assessment year 2002-2003, which was extended further vide notification number S. O. 130 (E) dated the 2nd February, 2005 for a period of three years beginning with financial year 2004-2005 and which was extended further vide notification number S. O. 470(E) dated the 29th March, 2007 for a period of three years beginning with financial year 2007-2008; 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 specifying the said project or scheme for enhancing the project cost from Rs.650.00 lakh as corpus fund to Rs.9.40 crore as corpus fund; 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 "Providing free food and anti-Cancer drugs to poor cancer patients in General wards of Cancer institute at Chennai, Tamilnadu", which is being carried out by The Cancer Institute (WIA) Trust, East Canal Bank Road, Gandhi Nagar, Adyar, Chennai-600020; (b) further amends the said notification number S.O.96(E) dated the 11th February, 1999, to the following effect, namely:- In the said notification, in the Table against serial number 9, in column (4) relating to maximum amount of cost to be allowed as deduction under section 35 AC, for the letters, figures and word "Rs.650.00 lakh as corpus fund", the letters, figures and word "Rs 9.40 crore as corpus fund" shall be substituted. [No. 42/2009/F.No. NC-274/04/2009 NAVEEN CHANDRA, Director (National Committee)