Section 35AC - Eligible projects or schemes - Construction, furnishing, equipments and running of hospital at Crozaria, District Mehsana - Gujarat - Amendment in notification number S.O. 399(E), dated the 6th June, 1996 - S.O. 1134(E) - Income Tax

Section 35AC - Eligible projects or schemes - Construction, furnishing, equipments and running of hospital at Crozaria, District Mehsana - Gujarat - Amendment in notification number S.O. 399(E), dated the 6th June, 1996 Notification No. 33/2010 Dated 17-5-2010 S.O. 1134(E).- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue), number S.O. 399(E), dated the 6th June, 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 5, "Construction, furnishing, equipments and running of hospital at Crozaria, District Mehsana, Gujarat" by Smt. Samarathben Chunilal and Sheth Dosabhai Madhavji Sarvajanik Trust, Crozaria, District Mehsana, Taluk - Vijapur, Gujarat, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98, which was extended further vide notification number S.O. 101(E), dated the 11th February, 1999 for a period of three years beginning with assessment year 2000-01, which was extended further vide notification number S.O. 1113(E), dated the 24th October, 2002 for a period of three years begin ning with assessment year 2003-04 which was extended further vide notification number S.O. 140(E), dated the 3rd February, 2006 for a period of three years beginning with financial year 2005-06 and which was extended further vide notification number S.O. No. 245(E), dated 21st January, 2009 for a period of three years beginning with financial year 2008-09; 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 enhancing the project cost from Rs. 59.00 lakhs to Rs. 1.75 crore of the said project or scheme. 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, furnishing, equipments and running of hospital at Crozaria, District Mehsana, Gujarat which is being carried out by Smt. Samarathben Chunilal and Sheth Dosabhai Madhavji Sarvajanik Trust, Crozaria, District Mehsana, Taluk - Vijapur, Gujarat. (b) further amends the said notification number S.O. 399(E), dated the 6th June, 1996 , to the following effect, namely :- In the said notification, in the Table against serial number 5, in column (4), relating to maximum cost to be allowed as deduction under section 35AC , for the letters, figures and word "Rs. 59.00 lakhs" the letters, figures and word "Rs. 1.75 crore" shall be substituted. [F.No.V-27015/1/2010-so]