Exemption u/s 35AC - notified at serial number 3, "Purchase of equipments and development/ updating of hospital at Ambawadi, Ahmedabad, Gujarat" by Thakershy Charitable Trust, Behind Jai-Shefali Row Houses, Office - Satellite Road, Ambawadi, Ahmedabad, as an eligible project or scheme - 80/2009 - Income Tax

Exemption u/s 35AC - notified at serial number 3, "Purchase of equipments and development/ updating of hospital at Ambawadi, Ahmedabad, Gujarat" by Thakershy Charitable Trust, Behind Jai-Shefali Row Houses, Office - Satellite Road, Ambawadi, Ahmedabad, as an eligible project or scheme NOTIFICATION New Delhi , the 6th August, 2009 S.O. 2042(E).- Whereas by notification of the Govrnment of India, in the Ministry of Finance (Department of Revenue) number S.O.549(E) dated the 2nd July, 1998, 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 3, "Purchase of equipments and development/updating of hospital at Ambawadi, Ahmedabad, Gujarat" by Thakershy Charitable Trust, Behind Jai-Shefali Row Houses, Office - Satellite Road, Ambawadi, Ahmedabad -15, 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.544(E) dated the 20th June, 2001 for a period of three years beginning with assessment year 2002-2003 and which was extended further vide notification number S.O.1603(E) dated the 14th November, 2005 for a period of three years beginning with financial year 2005-2006; And whereas the said project or scheme to extend beyond nine years; And whereas the, Committee for Promotion of Social and Economic Welfare, being satisfied that the said project or scheme is being extended 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 "Purchase of equipments and development/updating of hospital at Ambawadi, Ahmedabad, Gujarat" being carried out by Thakershy Charitable Trust Behind Jai-Shefali Row Houses, Office - Satellite Road, Ambawadi Ahmedabad - 15, without any change in the approved cost of Rs.64.00 lakh plus a corpus fund of Rs.50.00 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 2010-2011. However, since the financial years 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. 80/2009/F. No. 274/12/2009-NC] NAVEEN CHANDRA, Director (National Committee)