Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Medical care to old persons Leprosy and cancer patients, provision of home to old persons rehabilitation of destitute old women, conducting eye camps by Helpage India - 119/2007 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Medical care to old persons Leprosy and cancer patients, provision of home to old persons rehabilitation of destitute old women, conducting eye camps by Helpage India NOTIFICATION NO. 119/2007, DATED 29-3-2007 S.O. 482(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 602(E) dated the 12 th August, 1993, 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 specified at serial number 12, for Medical care to old persons Leprosy and cancer patients, provision of home to old persons rehabilitation of destitute old women, conducting eye camps by Helpage India, Helpage India, C-14. Qutab Institutional Area, New Delhi-110016 as an eligible project or scheme for a period of two years beginning with assessment year 1994-95 which was extended further vide notification number S.O.405 (E), dated the 3 rd May, 1995 for a period of three years beginning with assessment year 1996-97 which was extended further vide notification number S.O.220 (E), dated the 16 th March, 1998 for a period of three years beginning with assessment year 1999-2000 which was extended further vide notification number S.O.553(E), dated the 20 th June, 2001 for a period of three year beginning with assessment year 2002-03 which was extended further vide notification number S.O.82(E), dated the 24 th January, 2005 for a period of three years beginning with financial year 2004-05; AND WHEREAS by notification number S.O. 17(E), dated the 11 th January, 1994 the estimated cost was enhanced from ₹ 12.95 lakhs to ₹ 1295 lakhs notification number S.O.No. 510(E), dated the 26 th May, 2000 estimated cost was enhanced from ₹ 1295 lakhs to ₹ 2000 lakhs and notification number S.O. 1046(E), dated the 18 th October, 2001 the estimated cost was enhanced from ₹ 2000.00 lakhs to ₹ 4000.00 lakhs and notification number S.O.82(E), dated the 24 th January, 2005 the estimated cost was enhanced from ₹ 4000.00 lakhs to ₹ 6500.00 lakhs; AND WHEREAS the said project or scheme is likely to extend beyond fourteen 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 specifying 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 specifies the scheme or project for Medical care to old persons Leprosy and cancer patients, provision of home to old persons rehabilitation of destitute old women, conducting eye camps which is being carried out by Helpage India, Helpage India, C-14. Qutab Institutional Area, New Delhi-110016, without any change in the approved cost of ₹ 6500 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2006-07. [F.No.NC-274/3/2007]