Notification u/s 35AC: Notifies the scheme or project “Purchase of equipments and development/updating of hospital at Ambawadi, Ahmedabad, Gujarat” - 129/2012 - Income Tax

Notification No. 129/2012 Dated : 12-03-2013 S.O. 658(E) : Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S. O. 549(E), dated 2nd July, 1998 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 3, Purchase of equipments and development/updating of hospital at Ambawadi, Ahmedabad, Gujarat by Thakershy Charitable Trust, Behind Jai-Shefali Row Houses, Office-Satellite Road, Ambawadi, Ahmedabad-15, as an eligible project or scheme for a period of three years beginning with the assessment year 1999-2000, which was extended further vide notification number S. O. 544(E), dated 20th June, 2001 for a period of three years beginning with the assessment year 2002-03, which was extended further vide notification number a S. O. 1603(E), dated 14th November, 2005 for a period of three years beginning with the financial year 2005-06, and which was extended further vide notification number S. O. 2042(E), dated 6th August, 2009 , 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 twelve 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) , hereby notifies the scheme or project Purchase of equipments and development/updating of hospital at Ambawadi, Ahmedabad, Gujarat which is being carried out by Thakershy Charitable Trust, Behind Jai-Shefali Row Houses, Office-Satellite Road, Ambawadi, Ahmedabad-15, without any change in the approved cost of Rs. 64.00 lakh including a corpus fund of Rs. 50.00 lakh, as an eligible project or scheme for a further period of three years beginning 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 already lapsed, no certificate under section 35AC shall be issued for the financial year 2011-12. [F. No. V-27015/4/2012-SO (NAT.COM)]