Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Detection, Prevention Research and Education; Diagnosis, curing and operation to Heart patients; Maintaining of Atithi Griha at Mumbai in Maharashtra by Mahavir Heart Research Foundation as an eligible project or scheme - 021/2006 - Income Tax

Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Detection, Prevention Research and Education; Diagnosis, curing and operation to Heart patients; Maintaining of Atithi Griha at Mumbai in Maharashtra by Mahavir Heart Research Foundation as an eligible project or scheme NOTIFICATION NO. 21/2006, DATED 3-2-2006 S.O. 152(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.469(E) dated the 2 nd July, 1996, issued under subsection (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 8, for (a) Detection, Prevention Research and Education; (b) Diagnosis, curing and operation to Heart patients; (c) Maintaining of Atithi Griha at Mumbai in Maharashtra by Mahavir Heart Research Foundation, Avanti Apartments, Behind Gandhi Market, Sion (East), Mumbai-400020, as an eligible project or scheme for a period of three years beginning with assessment year 1997-1998, which was extended further vide notification number S.O.18(E) dated the 4 th January 2000 for a period of three years beginning with assessment year 2000-2001 and which was extended further vide notification number S.O.686(E) dated the 13 th June, 2003 for a period of three years beginning with assessment year 2003-2004; 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 (a) Detection, Prevention Research and Education; (b) Diagnosis, curing and operation to Heart patients; (c) Maintaining of Atithi Griha at Mumbai in Maharashtra which is being carried out by Mahavir Heart Research Foundation, Avanti Apartments, Behind Gandhi Market, Sion (East), Mumbai-400020, without any change in the approved estimated cost i.e. ₹ 315.85 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2005-2006.