Explanation to section 35AC - Specified at serial number 7, for construction of building, furnishing, purchase of equipments, water works of Kailas Cancer Hospital and Research Centre at District Vadodara, Gujarat by Muni Seva Ashram, Goraj- 391760, Tal. Vaghodia, District Vadodara, Gujarat - 039/2007- S.O. 240 (E) - Income Tax

Specified at serial number 7, for construction of building, furnishing, purchase of equipments, water works of Kailas Cancer Hospital and Research Centre at District Vadodara, Gujarat by Muni Seva Ashram, Goraj- 391760, Tal. Vaghodia, District Vadodara, Gujarat [TO BE PUBLISHED IN THE GAZETTE OF INDIA , EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi , dated the 15th February, 2007 S.O. 240 (E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O.258(E) dated the 22nd March, 2001, 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 specified at serial number 7, for construction of building, furnishing, purchase of equipments, water works of Kailas Cancer Hospital and Research Centre at District Vadodara, Gujarat by Muni Seva Ashram, Goraj- 391760, Tal. Vaghodia, District Vadodara, Gujarat as an eligible project or scheme for a period of three years beginning with assessment year 2001-2002 and which was extended further vide notification number S.O.1130(E) dated the 29th September, 2003 for a period of three year beginning with assessment year 2004-2005; 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 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 subsection (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961) , hereby specifies the scheme or project for construction of building, furnishing, purchase of equipments, water works of Kailas Cancer Hospital and Research Centre at District Vadodara, Gujarat which is being carried out by Muni Seva Ashram, Goraj- 391760, Tal. Vaghodia, District Vadodara, Gujarat, without any change in the approved cost of ₹ 2118.67 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2006-2007. [No. 39/2007/F.No. NC-274/04/2006] D.P. Sengupta, Secretary (National Committee)