Exemption u/s 35AC - of the Income-tax Act, 1961, the Central Government had specified for for free treatment for cancer patients at New Civil Hospital Campus, Asarwa, Ahmedabad-380016, Gujarat by the Gujarat Cancer Society - 002/2007 [F.No.NC-274/3/2007] - Income Tax

Exemption u/s 35AC - of the Income-tax Act, 1961, the Central Government had specified for for free treatment for cancer patients at New Civil Hospital Campus, Asarwa, Ahmedabad-380016, Gujarat by the Gujarat Cancer Society Notification No. 2/2007 [F.No.NC-274/3/2007], dated 16-7-2007 S.O.1146(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.850(E) dated the 21st September, 2000, 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 Project for free treatment for cancer patients at New Civil Hospital Campus, Asarwa, Ahmedabad-380016, Gujarat by the Gujarat Cancer Society, New Civil Hospital Campus, Asarwa, Ahmedabad-380016, Gujarat as an eligible project or scheme for a period of three years beginning with assessment year 2001-02, which was extended further vide notification number S.O.1249(E) dated the 30th October, 2003 for a period of three years beginning with assessment year 2004-05 and which was extended further vide notification number S.O.1840(E) dated the 26th October, 2006 for a period of three years beginning with financial year 2006-07; 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 enhancing the project cost from ₹ 611.00 lakhs to ₹ 860.00 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 for free treatment for cancer patients at New Civil Hospital Campus, Asarwa, Ahmedabad-380016, Gujarat, which is being carried out by the Gujarat Cancer Society, New Civil Hospital Campus, Asarwa, Ahmedabad-380 016, Gujarat; and ( b ) further amends the said notification number S.O. 850(E) dated the 21st September, 2000, to the following effect, namely:- In the said notification, in the Table against serial number 1, in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC, for the letters, figures and word ₹ 611.00 lakhs , the letters, figures and word ₹ 860.00 lakhs shall be substituted.