Exemption u/s 35AC the Central Govt. had specified for Running of 'Lifeline Express' (the hospitals on wheels.) by Impact India Foundation as an eligible project or scheme - 290/2006 - Income Tax

Exemption u/s 35AC the Central Govt. had specified for Running of 'Lifeline Express' (the hospitals on wheels.) by Impact India Foundation as an eligible project or scheme NOTIFICATION No. 290/2006, dated 26-10-2006 S.O. 1823(E) - Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue), number S.O. 373(E), dated the 19th March, 2004 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 1, for Running of 'Lifeline Express' (the hospitals on wheels.) by Impact India Foundation, C/o UNDP, Ravindra Mansion, Dinsha Vachha Road, Mumbai-400034 as an eligible project or scheme for a period of three years beginning with financial year 2003-04; And whereas the said project or scheme is likely to extend beyond three 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 'Lifeline Express' (the hospitals on wheels.) which is being carried out by Impact India Foundation, C/o UNDP, Ravindra Mansion, Dinsha Vachha Road, Mumbai-400 034, without any change in the approved cost of ₹ 351.02 lakhs (including a corpus fund of ₹ 119.19 lakhs), as an eligible project or scheme for a further period of three years commencing from the financial year 2006-07. [F. No. NC-274/03/2006]