Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible projects or schemes, expenditure on - Barasat Cancer Research & Welfare Centre, West Bengal - F.No.V-27015/1/2012-SO - Income Tax

Notification No.17/2012 F.No.V-27015/1/2012-SO dated 16/03/2012 Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible projects or schemes, expenditure on - Barasat Cancer Research Welfare Centre, West Bengal S.O. 472(E)- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1822(E), dated the 26th October, 2006, 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, "Netaji Subash Chandra Bose Institute of Oncology - An extension of cancer hospital from 25 bedded to 100 bedded capacity with all modern facilities of cancer detection and treatment for the economically weaker patients of the area" by Barasat Cancer Research Welfare Centre, Barasat, North 24 Paraganas - 700124, West Bengal, as an eligible project or scheme for a period of three years beginning with financial year 2006-07 and which was extended further vide notification number S.O. 1260(E), dated 18th May, 2009 for a period of three years beginning with the financial year 2009-10; 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 "Netaji Subash Chandra Bose Institute of Oncology - An extension of cancer hospital from 25 bedded to 100 bedded capacity with all modern facilities of cancer detection and treatment for the economically weaker patients of the area" which is being carried out by Barasat Cancer Research Welfare Centre, Barasat, North 24 Paraganas - 700124, West Bengal, without any change in the approved cost of Rs. 86.68 crore, as an eligible project or scheme for a further period of three years commencing with financial year 2012-13 i.e. 2012-13, 2013-14 and 2014-15.