Notification under Section 35AC in respect of Shri Jalaram Arogya Sewa Trust, AT & Post Meghraj, Block Meghraj, District Sabarkantha, Gujarat - 95/2010 - Income Tax

NOTIFICATION New Delhi , the 30th December, 2010 S.O. 3070(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 737(E) dated 13th March, 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 1, Extension of running 25 bedded general hospital to 80 bedded capacity by Shri Jalaram Arogya Sewa Trust, AT Post Meghraj, Block Meghraj, District Sabarkantha, Gujarat - 383 3317, as an eligible project or scheme for a period of three years beginning with financial year 2009-2010; 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 enhancing the project cost from Rs. 47.76 lakhs to 2.94 crore; 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 further amends the said notification number S.O. 737(E) dated the 13th March, 2009, to the following effect, namely :- In the said notification, in the Table against serial number 1, in column (4), relating to maximum amount of cost to be allowed as deduction under Section 35 AC , for the letters, figures and word "Rs. 47.76 lakhs", the letters, figures and word "Rs. 2.94crore" shall be substituted. [No. 95/2010/F. No. V. 27015/4/2010-SO] NAVEEN CHANDRA, Director (National Committee)