Notification Under Section 35AC in respect of Mother Foundation Charitable Trust, JN-2/65/A-3, Gulmohur Society, Sector 9, Vashi, Navi Mumbai. - 62/2011 - Income Tax

NOTIFICATION NO. 62/2011 DATED 14-6-2011 S.O.1382(E):- Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 121(E), dated 12th January, 2009, 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 22, Holy Spirit Ashram - expansion of the existing 50 beds general hospital with 100 beds with special consideration of AIDS and Cancer (with R D unit) by Mother Foundation Charitable Trust, JN-2/65/A-3, Gulmohur Society, Sector 9, Vashi, Navi Mumbai -400703, 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 year; 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 Holy Spirit Ashram - expansion of the existing 50 beds general hospital with 100 beds with special consideration of AIDS and Cancer (with R D unit), which is being carried out by Mother Foundation Charitable Trust, JN-2/65/A-3, Gulmohur Society, Sector 9, Vashi, Navi Mumbai -400703, without any change in the approved cost of Rs. 24.24 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. [F.NO. V-27015/2/2011-SO (NAT.COM)]