Notification u/s 35AC - Notifies the scheme Shree Nirdoshanandji Manav Seva Trust Hospital - 64/2012 - Income Tax

Notification No. 64/2012 Dated : 14.05.2012 S.O. 1097 (E)- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S. O. 737(E), dated 13th March, 2009 , 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 notified at serial number 15, Shree Nirdoshanandji Manav Seva Trust Hospital by Swami Shree Nirdoshanandji Manav Seva Trust, Timbi Village, Umrala Taluk, Bhavnagar-364 320 (Gujarat), as an eligible project or scheme for a period of three years beginning with the financial year 2008-09 ; And whereas the said project or scheme is likely to extend beyond three 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 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 Shree Nirdoshanandji Manav Seva Trust Hospital which is being carried out by Swami Shree Nirdoshanandji Manav Seva Trust, Timbi Village, Umrala Taluk, Bhavnagar-364 320 (Gujarat), without any change in the approved cost of ₹ 3.44 crore, as an eligible project or scheme for a further period of three years commencing with the financial year 2011-12, i.e., 2011-12, 2012-13 and 2013-14, but with a direction that as the financial year 2011-12 has lapsed, no certificate under section 35AC shall be issued for the financial year 2011-12 . [F. No. V. 27015/2/2012-SO (NAT. COM.)]