Notification u/s 35AC - Notifies the scheme or project "Running of "Lifeline Express" (the hospital on wheels)", which is being carried out by Impact India Foundation, NHAVA House, 1st Floor, 65, Maharshi Karve Road, Marine Lines, Mumbai - 141/2012 - Income Tax

NOTIFICATION NO. 141/2012 DATED 12-3-2013 SO 670(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 373(E), dated the 19th March, 2004, 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, "Running of "Lifeline Express" (the hospital on wheels)" by Impact India Foundation, NHAVA House, 1st Floor, 65, Maharshi Karve Road, Marine Lines, Mumbai - 400 002, as an eligible project or scheme for a period of three years beginning with financial year 2003-2004, which was extended further vide notification number S.O. 1823(E), dated the 26th October, 2006 for a period of three years beginning with financial year 2006-2007 and which was extended further vide notification number S.O. 2055(E), dated 6th August, 2009 for a period of three years beginning with financial year 2009-10; 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 and amending the project cost from Rs. 351.02 lakh including a corpus fund of Rs. 119.19 lakh to Rs. 901.02 lakh including a corpus fund of Rs. 219.19 lakh i.e. an additional amount of Rs. 550 lakh; 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 "Running of "Lifeline Express" (the hospital on wheels)", which is being carried out by Impact India Foundation, NHAVA House, 1st Floor, 65, Maharshi Karve Road, Marine Lines, Mumbai - 400 002, as an eligible project or scheme for a further period of three years commencing with the financial years 2012-13, i.e. 2012-13, 2013-14 2014-15. [F.NO. V-27015/4/2012-SO(NAT.COM)]