U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On –Health Foundation & Research Centre Raliyati, Gujarat - 19/2015 - Income Tax

NOTIFICATION NO.19/2015 DATED 6-1-2015 S.O. 70(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1145(E) dated 16.07.2007 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 1 Up-gradation and Provision of Additional Health Care Facility and Free Ward plus free facility by Health Foundation Research Centre Raliyati, Dahod, Gujarat - 389151 , as an eligible project or scheme, at the estimated cost of ₹ 25.05 crore including a corpus fund of ₹ 7.87 crore, for a period of three years ending with financial year 2009-10; and which was further extended vide notification number 1790(E) dated 21.7.2010 for a period of three years ending with financial year 2012-13. And whereas the said project or scheme is likely to extend beyond 6 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. 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 Up-gradation and Provision of Additional Health Care Facility and Free Ward plus free facility , which is being carried out by Health Foundation Research Centre, Raliyati, Dahod, Gujarat - 389151 , without any change in the approved cost of ₹ 7.87 crore, for a further period of three years commencing with financial year 2013-14, 2014-15 and 2015-16. Since the financial year 2013-14 has already lapsed, exemption under Section 35AC of IT Act shall not be available for the said financial year 2013-14. [F.NO.V.27015/3/2014-SO(NAT.COM)]