U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On –Bhagwan Mahaveer Viklang Sahayata Samiti, Rajasthan - 30/2015 - Income Tax

NOTIFICATION NO. 30/2015 DATED 6-1-2015 S.O. 81(E) - Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.739(E) dated the 10th September, 1999 , 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 7, Provision of artificial limbs and other rehabilitation aids to amputees, polio-affected disabled persons, hard of hearing, medicines and special shoes to persons suffering from leprosy, various types of financial aids and other support for self-employment and rehabilitation of handicapped persons at Jaipur, Rajasthan by Bhagwan Mahaveer Viklang Sahayata Samiti, Sawai Man Singh Hospital Camps, Jaipur-302004, Rajasthan , as an eligible project or scheme, at the estimated cost of ₹ 350.00 lakh, for a period of three years beginning with assessment year 2000-2001, which was extended further vide notification number S.O.66(E) dated the 22nd January, 2003 for a period of three years beginning with assessment year 2003-2004 and which was extended further vide notification number S.O.1609(E) dated the 14th November, 2005 for a period of three years beginning with financial year 2005-2006 and which was extended further vide notification number S.O.250(E) dated 21 st January, 2009 for a further period of three years beginning with the financial year 2008-09; and which was further extended vide notification number 1398(E) dated 14.6,2011 for a period of three years ending with financial year 2013-14; And whereas by notification number S.O.1609(E) dated the 14th November, 2005 the estimated cost was enhanced from ₹ 350.00 lakh to ₹ 650.00 lakh and vide notification number S.O.250(E) dated the 21st January, 2009 the estimated cost was enhanced from ₹ 6.50 crore to 11.50 crore; vide notification number 1398(E) dated 14.6.2011 the estimated cost was enhanced from ₹ 11.50 crore to. ₹ 23.00 crore; And whereas the said 'project or scheme is likely to extend beyond fifteen years; And whereas the project cost is likely to enhance from ₹ 23.00 crore' to 'Rs.35.45 crore; 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 and also amending the project cost from ₹ 23.00 crore' to 'Rs.35.45 crore, Now, therefore, the Central Government, in exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35 AC , of the Income-tax Act, 1961 (43 of 1961) ,-(a) hereby notifies the scheme or project Provision of artificial limbs and other rehabilitation aids to amputees, polio-affected disabled persons, hard of hearing, medicines and special shoes to persons suffering from leprosy, various types of financial aids and other support for self-employment and rehabilitation of handicapped persons at Jaipur, Rajasthan , being carried out by Bhagwan Manaveer Viklang Sahayata Samiti, Sawai Man Singh Hospital Camps, Jaipur-302004, Rajasthan for a further period of three years commencing with financial year 2014-15, i.e., 2014-15, 2015-16 and 2016-17; and (b) further amends the said notification number S.O.739(E) dated the 10th September, 1999 , to the following effect, namely:- In the said notification, in the Table against serial number 7, in column (4), relating to maximum cost to be allowed as deduction under section 35AC , for the letters, figures and word Rs.23.00 crore the letters, figures and word Rs.35.45 crore shall be substituted. [F.NO.V.27015/3/2014-SO(NAT.COM)]