Section 35AC - Eligible projects or schemes - Expansion of Mundakayam Medical Trust Hospital into a multi-specialty hospital" by Mundakayam Medical Trust Hospital Society, Idukki District, Kerala - S.O. 1154(E) - Income Tax

Section 35AC - Eligible projects or schemes - Expansion of Mundakayam Medical Trust Hospital into a multi-specialty hospital" by Mundakayam Medical Trust Hospital Society, Idukki District, Kerala Notification No. 53/2010 Dated 17-5-2010 S.O. 1154(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 466(E), dated 29th March, 2007, 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 31, "Expansion of Mundakayam Medical Trust Hospital into a multi-specialty hospital" by Mundakayam Medical Trust Hospital Society, Mundakayam East PO, Idukki District, Kerala State-686513, as an eligible project or scheme for a period of three years beginning with financial year 2007-08; And whereas the said project or scheme is likely to extend beyond three 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 specifies the scheme or project "Expansion of Mundakayam Medical Trust Hospital into a multi-specialty hospital" which is being carried out by Mundakayam Medical Trust Hospital Society, Mundakayam East PO, Idukki District, Kerala State-686513, without any change in the approved cost of Rs. 20 crore, as an eligible project or scheme for a further period of three years commencing with the financial year 2010-11, i.e., 2010-11, 2011-12 and 2012-13. [F.No.V-27015/1/2010-so]