Notification Under Section 35AC, - Eligible projects or schemes, expenditure - Adhiparasakthi Charitable, Medical, Educational and Cultural Trust, Tamilnadu - 76/2011 - Income Tax

Subject:- Notification Under Section 35AC, - Eligible projects or schemes, expenditure - Adhiparasakthi Charitable, Medical, Educational and Cultural Trust, Tamilnadu NOTIFICATION NO. 76/2011[F.NO.V-27015/2/2011-SO (NAT.COM)]/S.O. 1396(E), DATED 14-6-2011 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 31, Adhiparasakthi Health and Social Upgradation Program i.e. ( i ) Medical hospital project, ( ii ) HIV project and ( iii ) Rural Development program by Adhiparasakthi Charitable, Medical, Educational and Cultural Trust, Melmaruvathur -603 319, District Kancheepuram, Tamilnadu, 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 Adhiparasakthi Health and Social Upgradation Program i.e., ( i ) Medical hospital project, ( ii ) HIV project and ( iii ) Rural Development program, which is being carried out by Adhiparasakthi Charitable, Medical, Educational and Cultural Trust, Melmaruvathur -603 319, District Kancheepuram, Tamilnadu, without any change in the approved cost of Rs. 67.30 crore, as an eligible project or scheme for a further period of three financial years commencing with the financial year.