Exemption u/s 35AC - notified at serial number 2, "Construction of extension building, purchase of equipments, furniture, repairs/renovation of the buildings and running of the project" by Guru Nanak Quin Centenary Industrial Hospital Trust, Gandhi Nagar, Bandra (East), Mumbai, as an eligible project or scheme - 76/2009 - Income Tax

Exemption u/s 35AC - notified at serial number 2, Construction of extension building, purchase of equipments, furniture, repairs/renovation of the buildings and running of the project by Guru Nanak Quin Centenary Industrial Hospital Trust, Gandhi Nagar, Bandra (East), Mumbai, as an eligible project or scheme NOTIFICATION New Delhi , the 6th August, 2009 S.O. 2038(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.523(E) dated the 9th May, 2003, 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 2, Construction of extension building, purchase of equipments, furniture, repairs/renovation of the buildings and running of the project by Guru Nanak Quin Centenary Industrial Hospital Trust, Plot No.-S-341, Gandhi Nagar, Bandra (East), Mumbai-400051, 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.248(E) dated the 15th February, 2007 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 the said project or scheme is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-lax 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 of extension building, purchase of equipments, furniture, repairs/renovation of the buildings and running of the project being carried out by Guru Nanak Quin Centenary Memorial Hospital Trust, Plot No.-S-341, Gandhi Nagar, Bandra (East), Mumbai-400051, without any change in the approved cost of ₹ 547.92 lakh including a corpus fund of ₹ 418.00 lakh, as an eligible project or scheme for a further period of three years beginning with financial year 2009-2010 i.e. 2009-10, 2010-2011 2011-2012. [No. 76/2009/F. No.274/12/2009-NC] NAVEEN CHANDRA, Director (National Committee)