Exemption u/s 35AC - of the Income-tax Act, 1961, the Central Government had specified for Construction of building, Modernisation of existing hospital, undertaking mobile health clinics and community health workers programme by Dr. M.L. Dhawale Memorial Trust - 014/2007 [F.No. NC-274/03/2007] - Income Tax

Exemption u/s 35AC - of the Income-tax Act, 1961, the Central Government had specified for Construction of building, Modernisation of existing hospital, undertaking mobile health clinics and community health workers programme by Dr. M.L. Dhawale Memorial Trust Notification No. 14/2007 [F.No. NC-274/03/2007], dated 16-7-2007 S.O. 1158 - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 862(E) dated the 12th December, 1997, 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 4, for ( a ) Construction of building, medical equipments, furnishing, ambulance and preliminary expenses of 30 bed hospital, ( b ) Modernisation of existing hospital, medical equipments, furnishing, ambulance, preliminary expenses; and ( c ) undertaking mobile health clinics and community health workers programme by Dr. M.L. Dhawale Memorial Trust, C/o Dr. K.M. Dhawale, Sekhsaria Building, 40, Parekh Street, Girgaum, Mumbai-400004, as an eligible project or scheme for a period of three years beginning with assessment year 1998-99 which was extended further vide notification number S.O. 283(E) dated the 28th March, 2001 for a period of three years beginning with assessment year 2001-02 and which was extended further vide notification number S.O. 283(E) dated the 29th September, 2003 for a period of three years beginning with financial year 2004-05; And whereas the said project or scheme is likely to extend beyond nine 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 ( a ) Construction of building, medical equipments, furnishing, ambulance and preliminary expenses of 30 bed hospital, ( b ) Modernisation of existing hospital, medical equipments, furnishing, ambulance, preliminary expenses; and ( c ) undertaking mobile health clinics and community health workers programme, which is being carried out by Dr. M.L. Dhawale Memorial Trust, C/o Dr. K.M. Dhawale, Sekhsaria Building, 40, Parekh Street, Girgaum, Mumbai-400004, without any change in the approved cost of ₹ 270.00 lakhs plus a corpus fund of ₹ 36.00 lakhs, as an eligible project or scheme for a further period of three years beginning with financial year 2006-07.