Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible projects or schemes, expenditure on - Shri K K Shah Sabarkantha Arogya Mandal, Gujarat. - F.No.V-27015/1/2012 - S.O. 486(E) - Income Tax

Notification No.31/2012 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 - Shri K K Shah Sabarkantha Arogya Mandal, Gujarat. S.O. 486(E)- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1124(E), dated the 29th September, 2003 , 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 6, "Maintenance and running of Shri K.K. Shah Sabarkantha Arogya Mandal" by Shri K.K. Shah Sabarkantha Arogya Mandal, Post Vatrak Tal Vayad, District Sabarkantha - 383326, Gujarat, as an eligible project or scheme for a period of three years beginning with assessment year 2004-05; which was extended further vide notification number S.O. 1421(E) dated the 4th September, 2006 for a period of three years beginning with financial year 2006-07 and which was extended further vide notification number S.O.843(E), dated 25th March, 2009 for a period of three years beginning with financial year 2009-10. And whereas the said project or scheme is likely to extend beyond nine years; And whereas by notification number S.O. 848(E) dated 27th April, 2011 the estimated cost was enhanced from Rs. 274.92 lakh including a corpus fund of Rs. 250 lakh to Rs. 461.52 lakh including a corpus fund of Rs. 250 lakh. 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 "Maintenance and running of Shri K.K. Shah Sabarkantha Arogya Mandal" which is being carried out by Shri K.K. Shah Sabarkantha Arogya Mandal, Post Vatrak Tal Vayad, District Sabarkantha - 383326, without any change in the approved cost of Rs. 461.51 lakh including a corpus fund of Rs. 250 lakh, as an eligible project or scheme for a further period of three years commencing with the financial year 2012-13 i.e. 2012-13, 2013-14 2014-15.