U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Mother Foundation Charitable Trust, Mumbai - 33/2014 - Income Tax

NOTIFICATION NO. 33/2014 DATED 31-7-2014 S.O. 1956(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 121(E), dated 12-1-2009 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 22, Holy Spirit Ashram - expansion of the existing 50 beds general hospital with 100 beds with special consideration of AIDS and Cancer (with R D unit) by Mother Foundation Charitable Trust, JN-2/65/A-3, Gulmohur Society, Sector 9, Vashi, Navi Mumbai- 400703 , as an eligible project or scheme, at the estimated cost of ₹ 24.24 crore, for a period of three years ending with financial year 2010-11, and which was further extended vide Notification No. S.O. 1382 (E), dated 14-6-2011 for a period of further three years ending with financial year 2013-14; 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 Holy Spirit Ashram - expansion of the existing 50 beds general hospital with 100 beds with special consideration of AIDS and Cancer (with R D unit) , which is being carried out by Mother Foundation Charitable Trust, JN-2/65/A-3, Gulmohur Society, Sector 9, Vashi, Navi Mumbai -400703 , without any change in the approved cost of ₹ 24.24 crore, for a further period of three years commencing with financial years 2014-15, i.e., 2014-15, 2015-16 and 2016-17. [F.NO.V.27015/1/2014-SO(NAT.COM)]