U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On Narayan Seva Sanstha, Rajasthan - 146/2015 - Income Tax

NOTIFICATION NO. 146/2015 DATED 4-6-2015 SO 1487(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 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 2, Running of Polio Hospital, Rehabilitation and Research Centre at Hiran Magri, Sector-4, Udaipur, Rajasthan by Narayan Seva Sanstha, Seva Dham , 483, Hiran Magri, Sector-4, Udaipur, Rajasthan - 313002 , 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. 508(E) dated the 26th May, 2000 for a period of three years beginning with assessment year 2001-2002; which was extended further vide notification number S.O.785(E) dated the 5th July, 2004 for a period of three years beginning with financial year 2003-2004; which was extended further vide notification number S.O.1013(E) dated the 5 th July, 2006 for a period of three years beginning with financial year 2006-2007; which was extended further vide notification number S.O. 840(E) dated 25th March, 2009 for a period of three year beginning with financial year 2009-10 and which was further extended vide notification number S.O. 2895(E) dated 27.12.2011 for a period of three years ending with financial year 2014-15; And whereas by notification number S.O.785(E) dated the 5th July, 2004 the estimated cost was enhanced from ₹ 2.91 crore plus a corpus fund of ₹ 2.00 crore to ₹ 10.00 crore plus a corpus fund of ₹ 2.00 crore; vide notification number S.O.249(E) dated the 15th February, 2007 the estimated cost was further enhanced from ₹ 10.00 crore plus a corpus fund of ₹ 2.00 crore to ₹ 34,23,86,748.00 including a corpus fund of ₹ 2.00 crore; vide notification number S.O. 840(E) dated 25th March, 2009 the estimated cost was further enhanced from ₹ 34.23 crore including a corpus fund of ₹ 2 crore to ₹ 64.28 crore including a corpus fund of ₹ 2 crore and vide notification number S.O. 91 (E) dated 6th January, 2015 the project cost was further enhance from ₹ 64.28 crore including a corpus fund of ₹ 2 crore to ₹ 104.40 crore including a corpus fund of ₹ 2 crore; And whereas the said project or scheme is likely to extend beyond 18 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 11 M 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 Running of Polio Hospital, Rehabilitation and Research Centre at Hiran Magri, Sector-4, Udaipur, Rajasthan which is being carried out by Narayan Seva Sanstha, Seva Dham , 483, Hiran Magri, Sector-4, Udaipur, Rajasthan 313002 , without any change in the approved cost of ₹ 104.40 crore including a corpus fund of ₹ 2 crore, for a further period of three years commencing with financial years 2015-16 i.e 2015-16,2016-17 2017-18. [F.NO.V.27015/1/2015-SO(NAT.COM)]