Exemption u/s 35AC - Centra Govt. had specified for Medical Relief Project at Ahmedabad by Dardiono Rahat Fund as an eligible project or scheme - Amendment in N. No. S.O. 399(E) dated the 6th June, 1996 - 136/2004 - Income Tax

Exemption u/s 35AC - Centra Govt. had specified for Medical Relief Project at Ahmedabad by Dardiono Rahat Fund as an eligible project or scheme - Amendment in N. No. S.O. 399(E) dated the 6th June, 1996 Notification No. 136 of 2004, dt. 19th Apr., 2004 S.O. 510 (E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 399(E) dated the 6th June, 1996, issued under 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 11, for Medical Relief Project at Ahmedabad by Dardiono Rahat Fund, 102, Kashi Parekh Complex, 29, Adarsh Society, Navrangpura, Ahmedabad-380009, 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. 312(E) dated the 11th May,1999 for a period of three years beginning with assessment year 2000-2001 which was extended further vide notification number S.0. 608(E) dated the 7thJune, 2002 for a period of three years beginning with assessment year 2003-2004 and which was amended further vide corrigendum number S.O. 870(E) dated the 14th August, 2002; And whereas the said project or scheme is likely to extend beyond nine years; And, whereas, the National Committee for the 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 project cost from ₹ 137.08 lakhs to ₹ 157.08 lakhs; 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 of Medical Relief Project at Ahmedabad by Dardiono Rabat Fund, 102, Kashi Parekh Complex, 29, Adarsh Society, Navrangpura, Ahmedabad- 380009; and (b) further amends the said notification number S.O. 399(E) dated the 6thJune, 1996, to the following effect, namely:- In the said notification, in the Table against serial number 11, in column (4), relating maximum cost for which allowed, for the letters, figures and word Rs.137.08 lakhs the letters, figures and word Rs.157.08 lakhs shall be substituted. File No.NC-395/2003