U/s. 35AC, IT Act, 1961 - Eligible projects or schemes, expenditure on - "Running of Polio Hospital, Rehabilitation and Research Centre at Hiran Magri, Sector-4, Udaipur, Rajasthan" by Narayan Seva Sanstha, Rajasthan - 134/2011 - Income Tax

U/s. 35AC, IT Act, 1961 - Eligible projects or schemes, expenditure on - "Running of Polio Hospital, Rehabilitation and Research Centre at Hiran Magri, Sector-4, Udaipur, Rajasthan" by Narayan Seva Sanstha, Rajasthan Notification No. 134/2011 Dated 27-12-2011 S.O. 2895(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 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 2, "Running of Polio Hospital, Rehabilitation and Research Centre at Hiran Magri, Sector-4, Udaipur, Rajasthan" by Narayan Seva Sanstha, "Seva Dham", 483, Hiran Magri, Sector-4, Udaipur, Rajasthan - 313 002 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.508(E), dated 26th May, 2000 for a period of three years beginning with assessment year 2001-02, which was extended further vide notification number S.O.785(E), dated the 5th July, 2004 for a period of three years beginning with financial year 2003-04, which was extended further vide notification number S.O. 1013(E), dated the 5th July, 2006 for a period of three years beginning with financial year 2006-07 and which was extended further vide notification number S.O. 840E), dated 25th March, 2009 for a period of three year beginning with financial year 2009-10; And whereas by notification number S.O.785(E), dated the 5th July, 2004 the estimated cost was enhanced from Rs. 2.91 crore plus a corpus fund of Rs. 2.00 crore to Rs. 10.00 crore plus a corpus fund of Rs.2.00 crore and vide notification number S.O.249(E), dated the 15th February, 2007 the estimated cost was further enhanced from Rs.10.00 crore plus a corpus fund of Rs.2.00 crore to Rs. 34,23,86,748.00 including a corpus fund of Rs.2.00 crore and vide notification number S.O. 840(E), dated 25th March, 2009 the estimated cost was further enhanced from Rs. 34.23 crore including a corpus fund of Rs. 2 crore to Rs. 64.28 crore Including a corpus fund of Rs. 2 crore; 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 "Running of Polio Hospital, Rehabilitation and Research Centre at Hiran Magri, Sector-4, Udaipur, Rajasthan", being carried out by Narayan Seva Sanstha, "Seva Dham", 483, Hiran Magri, Sector-4, Udaipur, Rajasthan - 313 002, without any change in the approved cost of Rs. 64.28 crore including a corpus fund of Rs.2.00 crore for a further period of three years commencing with the financial years 2012-13, i.e., financial year 2012-13, 2013-14 2014-15. [F.No.V-27015/5/2011-SO (NAT.COM)]