Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Expansion of Mahatma Gandhi Hospital" by India Education Trust, as an eligible project or scheme - 035/2007 [F.No.NC-274/03/2007] - Income Tax

Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Expansion of Mahatma Gandhi Hospital" by India Education Trust, as an eligible project or scheme NOTIFICATION NO. 35/2007 [F.No.NC-274/03/2007] New Delhi , dated the 23rd October, 2007 S.O. 1799(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.234(E) dated the 15th February, 2007, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had notified at serial number 9, "Expansion of Mahatma Gandhi Hospital" by India Education Trust, C/o. Jaipur Fertility and Microsurgery Research Centre, 40, Sindhi Colony, Bani Park, Jaipur - 302 016, as an eligible project or scheme for a period of one year, being financial year 2006-2007; And whereas the said project or scheme is likely to extend beyond one year; 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 extending the said project or scheme for a further period of two 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, hereby notifies the scheme or project "expansion of Mahatma Gandhi Hospital" which are being carried out by India Education Trust, C/o. Jaipur Fertility and Microsurgery Research Centre, 40, Sindhi Colony, Bani Park, Jaipur - 302 016, without any change in the approved cost of Rs. 1500 lakh, as an eligible project or scheme for a further period of two years beginning with financial year 2007-2008. [No.35/2007 /F.No.NC-274/03/2007]