Notification Under Section 35AC in respect of Dr. M.L. Dhawale Memorial trust, C/o Dr. K.M Dhawale, Sekhsaria Building, 40 Parekh Street, Girgaum, Mumbai. - 67/2011 - Income Tax

NOTIFICATION NO. 67/2011 DATED 14-6-2011 S.O.1387(E):- WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 862(E), dated the 12th December, 1997, 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 4 "( a ) Construction of building, medical equipments, furnishing, ambulance and preliminary expenses of 30 bed hospital; ( b ) Modernisation of existing hospital, medical, equipments, furnishing, ambulance, preliminary expenses; and ( c ) Undertaking mobile health clinics and community health workers' programme" by Dr. M.L. Dhawale Memorial trust, C/o Dr. K.M Dhawale, Sekhsaria Building, 40 Parekh Street, Girgaum, Mumbai-400004, as an eligible project or scheme for a period of three years beginning with assessment year 1998-99, which was extended further vide Notification Number S.O.283(E), dated the 28th March, 2001 for a period of three years beginning with assessment year 2001-02, which was extended further vide Notification Number S.O. 1135(E), dated the 29th September, 2003 for a period of three years beginning with assessment year 2004-05, which was extended further vide Notification Number S.O. 1158(E), dated the 16th July, 2007 for a period of three years beginning with financial year 2006-07 and which was extended further vide Notification Number S.O.2382(E), dated the 3rd October, 2008 for a period of three years beginning with financial year 2008-09; AND WHEREAS by Notification Number S.O. 2382(E), dated the 3rd October, 2008 the estimated cost was enhanced from Rs. 306 lakh including a corpus fund of Rs. 36 lakh to Rs. 906 lakh. AND WHEREAS the said project or scheme is likely to extend beyond fifteen years; AND, WHEREAS, the National Committee for the 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) - ( a ) hereby notifies the scheme or project "( a ) Construction of building, medical equipments, furnishing, ambulance and preliminary expenses of 30 bed hospital; ( b ) Modernisation of existing hospital, medical, equipments furnishing, ambulance, preliminary expenses; and ( c ) Undertaking mobile health clinics and community health workers' programme", being carried out by Dr. M.L. Dhawale Memorial Trust, C/o Dr. K.M. Dhawale Sekhsaria Building, 40 Parekh Street, Girgaum, Mumbai-400004, without any change in the approved cost of Rs. 906 lakh, as an eligible project or scheme for a further period of three years commencing with financial year 2011-12 i.e. 2011-12, 2012-13 2013-14. [F.NO. V-27015/2/2011-SO (NAT.COM)]