U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Jivan Jyot Charitable Trust, Gujarat - 37/2014 - Income Tax

NOTIFICATION NO. 37/2014 DATED 31-7-2014 S.O. 1960(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2370(E) dated 3rd October, 2008 , 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 20, Purchase of hospital equipments and to raise corpus fund by Jivan Jyot Charitable Trust, C/o Patan Janta Hospital, Sardar Road, Near Railway Garnala, Patan, North Gujarat, as an eligible project or scheme for a period of three years beginning with financial year 2008-09; which was further extended vide notification number S.O. 860(E) dated 27.4.2011 for a period of three years commencing from financial year, 2011-12, i.e., 2011-12, 2012-13 and 2013-14. And whereas the said project or scheme is likely to extend beyond six 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 for Purchase of hospital equipments and to raise corpus fund which is being carried out by 'Jivan Jyot Charitable Trust, C/o Patan Janta Hospital, Sardar Road, Near Railway Garnala, Patan, North Gujarat', without any change in the approved cost of ₹ 14.44 crore including a corpus fund of ₹ 7.00 crore, as an eligible project or scheme for a further period of three financial years commencing with the financial year 2014-15, i.e., 2014-15, 2015-16 and 2016-17. [F.NO.V.27015/1/2014-SO(NAT.COM)]