Exemption u/s 35AC - notified at serial number 7, "Construction, equipments with all amenities of Vrudhashram and EyeHospital at Sachina, Village Haripur, Taluk Viramgam District Ahmedabad Gujarat" by Shri Hari Public Charitable Trust, Ahmedabad, as an eligible project or scheme - 115/2009 - Income Tax

Exemption u/s 35AC - notified at serial number 7, "Construction, equipments with all amenities of Vrudhashram and Eye Hospital at Sachina, Village Haripur, Taluk Viramgam District Ahmedabad Gujarat " by Shri Hari Public Charitable Trust, Ahmedabad, as an eligible project or scheme NOTIFICATION New Delhi , the 17th November, 2009 S.O. 2909(E) - Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.469(E) dated the 2nd July, 1996, 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 7, "Construction, equipments with all amenities of Vrudhashram and Eye Hospital at Sachina Sub-Panchayat, Village Haripur, Taluk Viramgam District Ahmedabad Gujarat" by Shri Hari Public Charitable Trust, 5/A, Krishna Society, Near Law Garden, Ellisbridge, Ahmedabad-6, as an eligible project or scheme for a period of three years beginning with assessment year 1997-1998, which was extended further vide notification number S.O.1145(E) dated the 18th November, 1999 for a period of three years beginning with assessment year 2000-2001, which was extended further vide notification number S.O. 1131(E) dated the 29th September, 2003 for a period of three years beginning with assessment year 2003-2004 and which was extended further vide notification number S.O.1839(E) dated the 26th October, 2006 for a period of two years beginning with financial year 2006-2007; . And whereas the said project or scheme is likely to extend beyond eleven 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 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, equipments with all amenities of Vrudhashram and Eye Hospital at Sachina Sub-Panchayat, Village Haripur, Taluk Viramgam District Ahmedabad, Gujarat" being carried out by Shri Hari Public Charitable Trust, 5/A, Krishna Society, Near Law Garden, Ellisbridge, Ahmedabad-6, without any change in the approved cost of Rs.87.52 lakh , as an eligible project or scheme for a further period of three years beginning with financial year 2008-2009 i.e. 2008-09, 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. 115/2009/F. No V-27015/3/2009-SO (NAT. COM)] NAVEEN CHANDRA, Director (National Committee)