U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – DR. M.L. Dhawale Memorial Trust, Mumbai - 128/2013 - Income Tax

NOTIFICATION NO. 128/2013 DATED 27-12-2013 S.O. 3879(E) - WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.862(E) dated the 12th December, 1997 , 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 4, (a) Construction of building, medical equipments, furnishing, ambulance and preliminary expenses of 30 bed hospital; (b) Modernisation of existing hospital, medical, equipments, furnishing, ambulance, preliminary expenses; and (c) Undertaking mobile health clinics and community health workers' programme by Dr. M.L. Dhawale Memorial Trust, C/o Dr. K.M. Dhawale, Sekhsaria Building, 40 Parekh Street, Girgaum, Mumbai-400004, as an eligible project or scheme for a period of three years beginning with assessment year 1998-1999, which was extended further vide notification number S.O.283(E) dated the 28th March, 2001 for a period of three years beginning with assessment year 2001-2002, which was extended further vide notification number S.O.1135(E) dated the 29th September, 2003 for a period of three years beginning with assessment year 2004-2005, which was extended further vide notification number S.O.1158(E) dated the 16th July, 2007 for a period of three years beginning with financial year 2006-2007 and which was extended further vide notification number S.O.2382(E) dated the 3rd October, 2008 for a period of three years beginning with financial year 2008-09; which was extended further vide notification number S.O.1387(E) dated 14.06.2011 for a period of three years ending with financial year 2013-14; AND WHEREAS by notification number S.O.2382(E) dated the 3rd October, 2008 the estimated cost was enhanced from ₹ 306 lakh including a corpus fund of ₹ 36 lakh to ₹ 906 lakh including a corpus fund of ₹ 36 lakh. AND WHEREAS the said project or scheme is likely to extend beyond eighteen years; 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 enhancement in the estimated cost; 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) ,- (a) hereby notifies the scheme or project (a) Construction of building, medical equipments, furnishing, ambulance and preliminary expenses of 30 bed hospital; (b) Modernisation of existing hospital, medical, equipments, furnishing, ambulance, preliminary expenses; and (c) Undertaking mobile health clinics and community health workers' programme , being carried out by Dr. M.L. Dhawale Memorial Trust, C/o Dr. K.M. Dhawale, Sekhsaria Building, 40 Parekh Street, Girgaum, Mumbai-400004, as an eligible project or scheme for a further period of three years commencing with financial year 2014-15 i.e., 2014-15, 2015-16 and 2016-17, (b) further amends the said notification number S.O.862(E) dated the 12th December, 1997 (read with notification number S.O.2382(E) dated the 3rd October, 2008 ), to the following effect, namely :- In the said notification, in the Table against serial number 2, in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC , for the letters, figures and words Rs.906 lakh, including a corpus fund of ₹ 36 lakh , the letters, figures and words Rs.1600.63 lakh including a corpus fund of ₹ 186 lakh shall be substituted. [F.NO.27015/3/2013-SO (NAT.COM)]