Notification Under Section 35AC in respect of Mr. Omayal Achi Mr. Arunachalam trust, Coral Manor, ‘A’ Ground Floor, 40-41, Second Main Road, raja Annamalaipuram, Chennai - 04/2011 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION 04/27/2011 S.O. 845(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.606(E) dated the 7th June, 2002, 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 1, Running of Omayal Achi Community Health Centre at Arakambakkam by Mr. Omayal Achi Mr. Arunachalam trust, Coral Manor, A Ground Floor, 40-41, Second Main Road, raja Annamalaipuram, Chennai - 600028, as an eligible project or scheme for a period of three years beginning with assessment year 2002-2003, which was extended further vide notification number S.O.512(E) dated the April, 2004 for a period of three years beginning with financial year 2003- 2004; which was extended further vide notification number S.O. 999(E) dated the 5 July, 2006 for a period of three years beginning with financial year 2006-2007 and which was extended further vide notification number S.O. 835(E) dated the 25 March, 2009 for a period of three years beginning with financial year 2009-10; And whereas by notification number S.O.999(E) dated the 5 July, 2006 the estimated cost was enhanced from ₹ 52.00 lakh including a corpus fund of ₹ 40.00 lakh to ₹ 75.00 lakh including a corpus fund of ₹ 63.00 lakh; 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. ₹ 75.00 lakh including a corpus fund of ₹ 63.00 lakh to Rs. ₹ 125 l kh ir a corpus fund of ₹ 63.00 lakh; 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 Running of Omayal Achi Community Health Centre at Arakambakkam which is being carried out by Mr. Omayal Achi Mr. Arunachalam trust, Coral Manor, A Ground Floor, 40-41, Second Main Road, raja Annamalaipuram, Chennai - 600028, (b) further amends the said notification number S.O. 606(E) dated the 7 June, 2002, to the following effect, namely: - In the said notification, in the Table against serial number 1, in column (4) maximum amount of cgst to be allowed as deduction under section 35 AC of Income Tax Act 1961 , for the letters, figures and word ₹ 75.00 Iakh Including a corpus fund of ₹ 63.00 lakh , the letters, figures and word ₹ 125 Lakh including a corpus fund of ₹ 63.00) Iakh shall be substituted. [No. 4/2011/F.No. V-27015/1/2011-SO (NAT.COM) NAVEEN CHANDRA, Director (National Committee)