U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Sevasangh, Sarvajanik Hospital Trust, Gujarat - 197/2015 - Income Tax

NOTIFICATION NO. 197/2015 New Delhi, the 20th July, 2015 S.O. 1984(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.458(E) dated the 30th March, 2006 , 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 16, Hospital project by Sevasangh, Sarvajanik Hospital Trust, Modasa 383315, District Sabarkantha, Gujarat , as an eligible project or scheme for a period of three years beginning with financial year 2006-2007, which was extended further vide notification number S.O. 2037(E) dated the 6th August, 2009 for a period of three years beginning with financial year 2009-10 and which was extended further vide notification number S.O. 474(E) dated the 16th March, 2012 for a period of three years beginning with financial year 2012-13; And whereas by notification number S.O.3065(E) dated the 30th December, 2010 the estimated cost was enhanced from ₹ 1 crore including corpus fund of 50.00 lakh to ₹ 2 crore including corpus fund of ₹ 1 crore. And whereas the said project or scheme is likely to extend beyond nine 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 Hospital project which is being carried out by Sevasangh Sarvajanik Hospital Trust, Modasa 383315, District Sabarkantha, Gujarat , without any change in the approved cost of ₹ 2 crore including corpus fund of ₹ 1 crore, as an eligible project or scheme for a further period of three years commencing with the 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)