U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Global Hospital & Research Centre, Mumbai - 184/2015 - Income Tax

NOTIFICATION NO. 184 /2015 New Delhi, the 20 th July, 2015 S.O. 1971(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O.698(E) dated the 3rd October, 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 specified at serial number 8, Construction and running of J.Watumull Global Hospital Research Centre at Mount Abu, District Sirohi, Rajasthan , by Global Hospital Research Centre, 102, Om Shanti, 48, Swastik Society, N.S. Road No.3, Vile Parle (W), Mumbai-400003 , 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.863(E) dated the 21st September, 2000 for a period of three years beginning with assessment year 2001-2002, which was extended further vide notification number S.O.1126(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.241(E) dated the 15th February, 2007 for a period of three years beginning with financial year 2006-2007, which was extended further vide notification number S.O. 842(E) dated 25th March, 2009 for a period of three years beginning with financial year 2009-10 and which was extended further vide notification number S.O. 1085(E) dated 14th May, 2012 for a period of three years beginning with financial year 2012-13; And whereas by notification number S.O.241(E) dated the 15th February, 2007 the estimated cost was enhanced from ₹ 61.27 lakh plus a corpus fund of ₹ 500.00 lakh to ₹ 1361.27 lakh including a corpus fund of ₹ 500.00 lakh and whereas by notification number S.O. 1085 (E) dated 14th May, 2012 the estimated cost was further enhanced from ₹ 1361.27 lakh including a corpus of ₹ 500 lakh to ₹ 3100.00 lakh including a corpus of ₹ 500 lakh; And whereas the said project or scheme is likely to extend beyond eighteen 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), (a) hereby notifies the scheme or project , Construction and running of J.Watumull Global Hospital Research Centre at Mount Abu, District Sirohi, Rajasthan which is being carried out by Global Hospital Research Centre, 102, Om Shanti, 48, Swastik Society, N.S. Road No.3, Vile Parle (W), Mumbai-400003 , as an eligible project or scheme without any change in the approved cost of ₹ 3100.00 lakh including a corpus of ₹ 500 lakh, for a further period of three years commencing with financial year 2015-16 i.e. 2015-16, 2016-17 and 2017-18. [F. No. V.27015/2/2015-SO(NAT.COM)] MAKKHAN LAL MEENA, Dy. Secy. (National Committee)