Notification Under Section 35AC in respect of Mohan Foundation, A-81, Anna Nagar, Chennai. - 42/2011 - Income Tax

Notification Under Section 35AC in respect of Mohan Foundation, A-81, Anna Nagar, Chennai. NOTIFICATION New Delhi, the 27 th April, 2011 S.O. 883(E).- WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1586(E), dated the 11th November, 2005, 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 4, "Multi Organ Harvesting and Sharing Network in India" by Mohan Foundation, A-81, Anna Nagar, Chennai - 600102, as an eligible project or scheme for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O. 2036(E), dated 6th August, 2009 for a 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; 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 "Multi Organ Harvesting and Sharing Network in India" which is being carried out by Mohan Foundation, A-81, Anna Nagar, Chennai - 600102, without any change in the approved cost of Rs. 1.97 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.42/2011/F.No. V-27015/1/2011-So (NAT.COM)] NAVEEN CHANDRA, Director (National Committee)