Exemption u/s 35AC - notified at serial number 4, "Multi Organ Harvesting and Sharing Network in India" by Mohan Foundation, A-81, Anna Nagar, Chennai, as an eligible project or scheme - 74/2009 - Income Tax

Exemption u/s 35AC - notified at serial number 4, "Multi Organ Harvesting and Sharing Network in India " by Mohan Foundation, A-81, Anna Nagar, Chennai, as an eligible project or scheme NOTIFICATION New Delhi , the 6th August, 2009 S.O. 2036(E).- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.1586(E) dated the 11th November, 2005, 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 4, "Multi Organ Harvesting and Sharing Network in India" by Mohan Foundation, A-81, Anna Nagar, Chennai-600102, as an eligible project or scheme for a period of three years beginning with financial year 2005-2006; And whereas the said project or scheme is likely to extend beyond three 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 "Multi Organ Harvesting and Sharing Network in India" being carried out by Mohan Foundation, A-81, Anna Nagar, Chennai-600102, without any change in the approved cost of Rs.1.97 crore, 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 2010-2011. However, since the financial year 2008-2009 has already elapsed, the approval shall not be valid in respect of funds collected during the financial year 2008-2009 and no certificate for exemption of donation u/s 35AC (1) of the IT Act, 1961 shall be issued for financial year 2008-2009. [No. 74/2009/F.No. 274/12/2009-NC] NAVEEN CHANDRA, Director (National Committee)