Notification Under Section 35AC in respect of Shri K.K. Shah Sabarkantha Arogya Mandal,Post Vatrak Tal, Vayad, District Sabarkantha - 07/2011 - S.O. 848(E) - Income Tax

NOTIFICATION New Delhi, the 27th April, 2011 S.O. 848(E) - Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1124(E) dated the 29th September, 2003, 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 6, Maintenance and running of Shri K.K. Shah Sabarkantha Arogya Mandal by Shri K.K. Shah Sabarkantha Arogya Mandal,Post Vatrak Tal, Vayad, District Sabarkantha - 383326, Gujarat, as an eligible project or scheme for a period of three years beginning with assessment year 2004-2005; which was extended further vide notification number SO. 1421(E) dated the 4 September, 2006 for a period of three years beginning with financial year 2006-2007 and which was extended further vide notification number S.O.843(E) dated 25 March, 2009 for a period of three years beginning with financial year 2009-10; 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 ₹ 274.92 lakh including corpus fund of ₹ 200 lakh to ₹ 461.51 lakh including a corpus fund of ₹ 250 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 3SAC of the Income-tax Act, 1961 (43 of 1961), hereby notifies the scheme or project Maintenance and running of Shri K.K. Shah Sabarkantha Arogya Mandal which is being carried out by Shri K.K. Shah Sabarkantha Arogya Mandal, Post Vatrak Tal Vayad, District Sabarkanth- 383326, (b) further amends the said notification number S.O. 1124(E) dated the 29 September, 2003, to the following effect, namely . in the said notification, in the Table against serial number 6, in column (4) maximum amount of cost to be allowed as deduction under section 35 AC of Income Tax Act, 1961, for the letters, figures and word ₹ 274.92 lakh including corpus fund of ₹ 200 lakh , the letters, figures and word ₹ 461.51 lakh including a corpus fund of ₹ 250 la shall be substituted. [No.7/2O11/F.No. V-27015/1/2011-SO (NAT.CoM) NAVEEN (14AN (National Committee)