Exemption u/s 35AC - Health care project by Umeed Khanna Foundation, New Delhi, notified as eligible project - Amendment in N. No. S.O. 708(E), dated the 25th May, 2005 - 304/2006 - Income Tax

Exemption u/s 35AC - Health care project by Umeed Khanna Foundation, New Delhi, notified as eligible project - Amendment in N. No. S.O. 708(E), dated the 25th May, 2005 NOTIFICATION No. 304/2006,dated 26-10-2006 Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue), number S.O. 708(E), dated the 25th May, 2005, 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 5, for Health care project by Umeed Khanna Foundation, 2, Shanty Farms, Village Sahoorpur, Chandan Hola, New Delhi, as an eligible project or scheme for a period of three years beginning with assessment year 2005-06; 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 amending the name and address from "Umeed Khanna Foundation, 2, Shanty Farms, Village Sahoorpur, Chandan Hola, New Delhi 30" to "Umeed, 208-216, DDA Commercial Complex, Aurobindo Place Market, Hauz Khas, New Delhi-110016"; 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),- (a) hereby specifies the scheme or project for Health care project, which is being carried out by Umeed Khanna Foundation, 2 Shanty Farms, Village Sahoorpur, Chandan Hola, New Delhi without any change in the approved cost of Rs.4.50 crores; and (b) further amends the said notification number S.O. 708(E), dated the 25th August, 2005, to the following effect, namely :- In the said notification, in the Table against serial number 5, for the entry relating thereto in column (2) of the said Table, the following entry shall be substituted, namely :- "Umeed, 208-216, DDA Commercial Complex, Aurobindo Place Market, Hauz Khas, New Delhi-110016". [F. No. NC-274/03/2006]