Notification Under Section 35AC in respect of Mahavir International, 6550, Main Qutab Road, Nabi Karim, New Delhi. - 29/2011 - Income Tax

Notification Under Section 35AC in respect of Mahavir International, 6550, Main Qutab Road, Nabi Karim, New Delhi. NOTIFICATION New Delhi, the 27 th April, 2011 S.O.870(E).- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.135(E) dated the 3 rd February. 2006, 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, Doctor at Doorstep by Mahavir International, 6550, Main Qutab Road, Nabi Karim, New Delhi - 110055, as an eligible project or scheme for a period of three years beginning with financial year 2005-2006 and which was extended further vide notification number S.O.237(E) dated 21 st January. 2009 for a further period of three years beginning with financial year 2008-09; And whereas the said project or scheme is likely to extend beyond six 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 and amending the project cost from Rs. 2.40 crore to 8.40 crore: 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 Doctor at Doorstep which is being carried out by Mahavir International, 6550, Math Qutab Road, Nabi Karim, New Delhi - 110055, 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; (b) further amends the said notification number S.O.135(E) dated the 3 rd February, 2006, to the following effect, namely:. In the said notification, in the Table against serial number 6, in column (4). relating to maximum amount of cost to be allowed as. deduction of 35AC of Income Tax Act, 1961 , for the letters, figures and word Rs.2.40 crore the fetters, figures and word Rs.8.40 crore shall be substituted. [No.29/2011/F.No.V-27015/1/2011-SO (NAT.COM)] NAVEEN CHANDRA, Director (National Committee)