Section 35AC - Eligible projects or schemes - Maintenance of S.J. Patel Sarvajanik Hospital at Paliad, Tal. Kalol, District Mehsana, Gujarat" by Gramya Vikas Mandal, Paliad, At. & P.O. Paliad, Tal. Kalol (NG), Distt. Mehsana - Gujarat - 020/2009 - Income Tax

Section 35AC - Eligible projects or schemes - Maintenance of S.J. Patel Sarvajanik Hospital at Paliad, Tal. Kalol, District Mehsana, Gujarat" by Gramya Vikas Mandal, Paliad, At. P.O. Paliad, Tal. Kalol (NG), Distt. Mehsana - Gujarat NOTIFICATION NO. 20/2009 DATED 22-3-2010 S.O. 653(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 791(E), dated the 8th September, 1995, 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 6, "Maintenance of S.J. Patel Sarvajanik Hospital at Paliad, Tal. Kalol, District Mehsana, Gujarat" by Gramya Vikas Mandal, Paliad, At. P.O. Paliad, Tal. Kalol (NG), Distt. Mehsana. Gujarat, as an eligible project or scheme for a period of three years beginning with assessment year 1996-97 which was extended further vide notification number S.O. 863(E), dated the 12th December, 1997 for a period of three years beginning with assessment year 1999-2000 which was extended further vide notification number S.O.548(E), dated the 20th June, 2001 for a period of three years beginning with assessment year 2002-03 which was extended further vide notification number S.O. 377(E), dated the 19th March, 2004 for a period of three years beginning with financial year 2004-05; and which was extended further vide notification number S.O.No. 1315(E), dated 4-06-2008 for three years beginning with financial year 2007-08, 2008-09 and 2009-10; And whereas by notification number S.O. 863(E), dated the 12th December, 1997 the estimated cost was enhanced from Rs. 10.66 lakh to Rs.25.00 lakh and vide notification number S.O. 548(E) dated the 20th June, 2001 the estimated cost was further enhanced from Rs.25.00 lakh to Rs. 41.50 lakh vide notification number S.O.377(E), dated the 19th March, 2004 the estimated cost was further enhanced from Rs.41.50 lakh to Rs. 56.50 lakh and vide notification number S.O. 1315(E), dated 4th June, 2008 the estimated cost was further enhanced from Rs. 56.50 lakh to Rs. 72 lakh; And whereas the said project or scheme is likely to extend beyond fifteen 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 enhancing the project cost from Rs. 72.00 lakhs to Rs. 101.00 lakhs; 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) ,- (a) hereby notifies the scheme or project "Maintenance of S.J. Patel Sarvajanik Hospital at Paliad, Tal. Kalol, District Mehsana. Gujarat", being carried out by Gramya-Vikas Mandal, Paliad, At. P.O. Paliad, Tal. Kalol (NG), Distt. Mehsana, Gujarat for a further period of three years commencing with financial year 2010-11 i.e., 2010-11, 2011-12 2012-13; (b) further amends the said notification number S.O. 791(E), dated the 8th September, 1995, to the following effect, namely:— In the said notification, in the Table against serial number 6. in column (4), relating to maximum cost for which allowed, for the letters, figures and word "Rs.72.00 lakh" the letters, figures and word "Rs. 101.00 lakh" shall be substituted. [F.No.V-27015/5/2009-SO(NAT. COM)]