Exemption u/s 35AC - Central Government had notified at serial number 20, "Equipments, running of Pain Relief Centre (SATSEVA) at 827, Bhavani Peth, Pune, Maharashtra" by Care India Medical Society as an eligible project or scheme - SO 1304(E) - Income Tax

Exemption u/s 35AC - Central Government had notified at serial number 20, "Equipments, running of Pain Relief Centre (SATSEVA) at 827, Bhavani Peth, Pune, Maharashtra" by Care India Medical Society as an eligible project or scheme Notification No. S.O. 1304(E) dated 4th June, 2008 . Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S. O. 206(E) dated the 17th March, 1997, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 20, "Equipments, running of Pain Relief Centre (SATSEVA) at 827, Bhavani Peth, Pune, Maharashtra" by Care India Medical Society, H-1/13, Salunke Vthar, Fune, Maharashtra-411 029, as an eligible project or scheme for a period of three years beginning with the assessment year 1997-98, which was extended further vide notification number S. O. 217(E) dated the 1st April, 1999, for a period of three years beginning with the assessment year 2000-01 which was extended further vide notification number S. O. 973(E) dated the 10th September, 2002 for a period of three years beginning with the assessment year 2003-04 and which was extended further vide notification number S. O. 503(E) dated the 4th April, 2006, for a period of three years beginning with the financial year 2005-06; And whereas the said project or scheme is likely to extend beyond twelve 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 extending 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 notifies the scheme or project "Equipments, running of Pain Relief Centre (SATSEVA) at 827, Bhavani Peth, Pune, Maharashtra" being carried out by Care India Medical Society, H-1/13, Salunke Vihar, Pune, Maharashtra-411 029, without any change in the approved cost of R.s. 15.50 lakhs plus a corpus fund of Rs. 600 lakhs, as an eligible project or scheme for a further period of three years beginning with the financial year 2008-09. [No.13/2008/F. No. NC-274/08/2008]