Exemption u/s 35AC - notified at serial number 11, "Free Eye surgeries and running of hospital" by Medical Research Foundation, 18, College Road, Chennai, as an eligible project or scheme - 48/2009 - Income Tax

Exemption u/s 35AC - notified at serial number 11, "Free Eye surgeries and running of hospital" by Medical Research Foundation, 18, College Road , Chennai, as an eligible project or scheme NOTIFICATION New Delhi , the 25th March, 2009 S. O. 847(E).- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 19(E) dated the 7th January, 2004, 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 11, "Free Eye surgeries and running of hospital" by Medical Research Foundation, 18, College Road, Chennai - 600006, as an eligible project or scheme for a period of three years beginning with assessment year 2004-2005 and which was extended further vide notification number S.O.1408(E) dated the 4th September, 2006 for a period of three years beginning with financial year 2006-2007; And whereas the said project or scheme is likely to extend beyond six 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 "Free Eye surgeries and running of hospital" being carried out by Medical Research Foundation, 18, College Road, Chennai - 600006, without any change in the approved cost of Rs.3270.00 lakh including a corpus fund of Rs.2800.00 lakh, as an eligible project or scheme for a further period of three years beginning with financial year 2009-2010, 2010-2011 2011-2012. [No.48/2009/F.No. NC-274/04/2009] NAVEEN CHANDRA, Director (National Committee)