Exemption u/s 35AC - notified at serial number 10, "Establishment and running of the school and hospital" by H.B.S. Trust, (Human Benefits Service Trust), First Floor, Ratanada, Jodhpur, (Rajasthan), as an eligible project or scheme - 116/2009 - Income Tax

Exemption u/s 35AC - notified at serial number 10, "Establishment and running of the school and hospital" by H.B.S. Trust, (Human Benefits Service Trust), First Floor, Ratanada, Jodhpur , (Rajasthan), as an eligible project or scheme NOTIFICATION New Delhi , the 17th November, 2009 S.O. 2910(E) - Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.604(E) dated the 20 th May, 2004, 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 10, "Establishment and running of the school and hospital" by H.B.S. Trust, (Human Benefits Service Trust) 21-C, First Floor, Ratanada, Jodhpur - 342001, (Rajasthan), as an eligible project or scheme for a period of three years beginning with financial year 2003-2004 and which was extended further vide notification number S.O.484(E) dated the 29 th March,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 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 "Establishment and running of the school and hospital" being carried out by H.B.S. Trust, (Human Benefits Service Trust) 21-C, First Floor, Ratanada, Jodhpur - 342001, (Rajasthan), without any change in the approved cost of Rs.937.74 lakh including a corpus fund of Rs.500.00 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.116/2009/F. No. V-27015/3/2009-SO (NAT. COM)] NAVEEN CHANDRA, Director (National Committee)