Notification u/s 35AC - Notifies the scheme Eye operation, equipments/instrument for Sarvoday Eye Hospital/Eye Camps at Radhanpur, Gujarat and Rajasthan - 56/2012 - Income Tax

Notification No. 56/2012 Dated : 14.05.2012 S.O. 1089 (E)- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S. O. 399(E), dated 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 notified at serial number 7, Eye operation, equipments/instrument for Sarvoday Eye Hospital/Eye Camps at Radhanpur, Gujarat and Rajasthan by Sarvoday Arogya Nidhi, Highway, Radhanpur, (Banas Kantha), Gujarat-385 340, 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. 869(E), dated 21st September, 2000, for a period of three years beginning with the assessment year 2000-01, which was extended further vide notification number S. O. 531(E), dated 9th May, 2003, or a period of three years beginning with the assessment year 2004-05, which was extended further vide notification number S. O. 1825(E), dated 26th October, 2006, for a period of three years beginning with the financial year 2006-07 and which was extended further vide notification number S. O. 232(E), dated 21st January, 2009 , for a period of three years beginning with the financial year 2009-10 ; And whereas vide notification S. O. No. 232(E), dated 21st January, 2009 , the estimated cost was enhanced from ₹ 67 lakh to ₹ 125 lakh ; And whereas the said project or scheme is likely to extend beyond fifteen 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) , (a) hereby notifies the scheme or project Eye operation, equipments/instrument for Sarvoday Eye Hospital/Eye Camps at Radhanpur, Gujarat and Rajasthan , which is being carried out by Sarvoday Arogya Nidhi, Highway, Radhanpur, (Banas Kantha), Gujarat - 385 340, without any change in the approved cost of Rs. 125 lakh, as an eligible project or scheme for a further period of three years commencing with the financial year 2012-13, i.e., 2012-13, 2013-14 and 2014-15. [F. No. V. 27015/2/2012-SO (NAT. COM.)]