Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for construction of hospital building at Deoria (Uttar Pradesh) by Bhartiya Jeevan Dhara Educational and Charitable Trust as an eligible project or scheme - Amendment in N. No S.O. 839(E) dated the 24th July, 2003 - 140/2006 - Income Tax

Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for construction of hospital building at Deoria (Uttar Pradesh) by Bhartiya Jeevan Dhara Educational and Charitable Trust as an eligible project or scheme - Amendment in N. No S.O. 839(E) dated the 24th July, 2003 NOTIFICATION No. 140/2006, dated 13-6-2006 Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 839(E) dated the 24th July, 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 specified at serial number 6, for construction of hospital building, purchase of furniture, equipments, fixture and fitting and running of Dr. Ramlal Tripathi Memorial Hospital at Deoria (Uttar Pradesh) by Bhartiya Jeevan Dhara Educational and Charitable Trust, C-128/2, Bhikaji Cama Place, Mohammadpur, New Delhi-110066 as an eligible project or the scheme for a period of three years beginning with assessment year 2004-2005 ; And whereas the National Committee for Promotion of Social and Economic Welfare, on the basis of an enquiry conducted by Income-tax Department and the reply given by the said Trust in response to the opportunity given to it to show cause against the proposed withdrawal of exemption granted to it under section 35AC, was satisfied and recommended under sub-section ( 4 ) and sub section ( 5 ) of section 35AC of the Income-tax Act, 1961 read with sub-rule ( 5 ) of rule 11M of the Income-tax rules, 1962, for withdrawal of exemption granted under section 35AC of the Income-tax Act, 1961. Now, therefore, in exercise of the powers conferred by sub-section ( 4 ) and sub-section ( 5 ) of section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby withdraws the notification of the Government of India, in the Ministry of Finance (Department of Revenue), number S.O. 839(E), dated the 24th July, 2003, published in the Gazette of India, Extraordinary, Part II, section 3( ii ) dated the 24th July, 2003, in so far as it relates to the project or the scheme for construction of hospital building, purchase of furniture, equipments, fixture and fitting and running of Dr. Ramlal Tripathi Maha Vidhalaya at Deoria (Uttar Pradesh) which is being carried out by Bhartiya Jeevan Dhara Educational and Charitable Trust, C-128/2, Bhikaji Cama Place, Mohammadpur, New Delhi-110066, mentioned at serial number 6 in the aforesaid notification and makes the following amendment in the said notification, namely: In the said notification, the serial number 6 relating to the project or the scheme for construction of hospital building, purchase of fiuniture, equipments, fixture and fitting and running of Dr. Ramlal Tripathi Maha Vidhalaya at Deoria (Uttar Pradesh) which is being carried out by Bhartiya Jeevan Dhara Educational and Charitable Trust, C-128/2, Bhikaji Cama Place, Mohammadpur, New Delhi-110 066 and the entries relating thereto shall be omitted and the certificate furnished under clause ( a ) of sub-section ( 2 ) of section 35AC of Income-tax Act 1961 shall not be taken into consideration while calculating the tax of the income under the Income-tax Act, 1961. [F. No. NC-270/358/2005]