Notification Under Section 35AC in respect of Arogyaseva Medical Academy of India, 32/2 A, Erandawane, Pune. - 37/2011 - Income Tax

Notification Under Section 35AC in respect of Arogyaseva Medical Academy of India, 32/2 A, Erandawane, Pune. NOTIFICATION New Delhi, the 27 th April, 2011 S.O. 878(E).- WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2370(E), dated 3rd October, 2008, 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 24, Kidney care by Arogyaseva Medical Academy of India, 32/2 A, Erandawane, Pune-411004, as an eligible project or scheme for a period of three years beginning with financial year 2008-09; 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 notifies the scheme or project for Kidney care which is being carried out by Arogyaseva Medical Academy of India, 32/2 A, Erandawane, Pune-411004, without any change in the approved cost of Rs. 4.90 crore, as an eligible project or scheme for a further period of three financial years commencing with the financial year 2011-12 i.e. 2011-12, 2012-13 2013-14; [No.37/2011/F.No. V-27015/1/2011-SO (Nat.COM)] NAVEEN CHANDRA, Director (National Committee)