Notification under Section 35AC in respect of Smt. Samarathben Chunilal and Madhavji Sarvajanik Trust, Crozaria, District Mehsana, Taluk. - 22/2011 - Income Tax

Notification under Section 35AC in respect of Smt. Samarathben Chunilal and Madhavji Sarvajanik Trust, Crozaria, District Mehsana, Taluk. NOTIFICATION New Delhi, the 27 th April, 2011 S.O.863(E) Whereas by notification of the Government of India, in the Ministry o Finance (Department of Revenue) number S.O.399(E) dated the 6 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 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 1997-1998, which was extended further vide notification number S.O. 101(E) dated the 11 th February, 1999 for a period of three years beginning with assessment year 2000- 2001, which was extended further notification number S.O. 1113(E) dated the 24 th October, 2002 for a period of three years beginning with assessment year 2003-2004 which was extended further vide notification number S.O. 140(E) dated. the 3 rd February, 2006 for a period of three years beginning with financial year 2005-2006 and which was extended further vide notification number S.O. NO.245(E) d ted 21 st January, 2009 for a period of three year beginning with financial year 2008-09; And whereas by notification number S.O. 1134(E) dated 17 th May, 2010 the estimated cost was enhanced from Rs. 59.00 lakh to Rs. 1.75 crore; 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 11 M. of the Income-tax Rules, 1962 for extending the said projector 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 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 Madhhvji Sarvajanik Trust, Crozaria, District Mehsana, Taluk Vijapur, Gujarat, without any change in the approved cost of Rs. 1.75 crore, as an eligible project or scheme for a further period of three years commencing with the financial year 2011-12 i.e. 2011-12,2012-13 2013-14; [No.22/2011/F.NO.V-27015/1/2011-SO (NAT.COM)] NAVEEN CHANDRA, Dim (National Committee)