Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Running of free medical aid services at NOIDA by Kailash Charitable Trust as an eligible project or scheme - 010/2006 - Income Tax

Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Running of free medical aid services at NOIDA by Kailash Charitable Trust as an eligible project or scheme NOTIFICATION NO. 10/2006, DATED 3-2-2006 S.O. 141 (E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.973(E), dated the 14 th December, 1995, 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 13, for Running of free medical aid services at NOIDA by Kailash Charitable Trust, C-320, Sector-91, NOIDA-201301, as an eligible project or scheme for a period of three years beginning with assessment year 1996-1997 which was extended further vide notification number S.O.212(E) dated the 16 th March, 1998 for a period of three years beginning with assessment year 1999-2000 and which was extended further vide notification number S.O.982(E) dated the 10 th September, 2002 for a period of three years beginning with assessment year 2003-2004; And whereas by notification number S.O.212(E) dated the 16 th March, 1998 the estimated cost was amended from ₹ 40.00 lakhs to ₹ 75.00 lakhs; And whereas the said project or scheme is likely to extend beyond nine 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 Running of free medical aid services at NOIDA which is being carried out by Kailash Charitable Trust, C-320, Sector-91, NOIDA-201301, without any change in the approved estimated cost i.e. ₹ 75.00 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2005-2006.