Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for purchase of ambulance, instruments and running of welfare activities (Medical aid/ camps, distribution of foodgrain and clothes) by Shri Baldevdas Charitable Trust - 131/2007 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for purchase of ambulance, instruments and running of welfare activities (Medical aid/ camps, distribution of foodgrain and clothes) by Shri Baldevdas Charitable Trust NOTIFICATION NO. 131/2007, DATED 29-3-2007 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O.422(E) dated the 19 th March, 1994, 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 5, for purchase of ambulance, instruments and running of welfare activities (Medical aid/ camps, distribution of foodgrain and clothes) by Shri Baldevdas Charitable Trust, 18-Raopura Cooperative Housing Society, Near Memnagar Fire Station, Navrangpura, Ahmedabad-380009, as an eligible project or scheme for a period of three years beginning with assessment year 1999-2000 which was extended further vide notification number S.O.558(E) dated the 20 th June, 2001 for a period of three years beginning with assessment year 2002-03 and which was extended further vide notification number S.O.788(E) dated the 5 th July, 2004 for a period of three years beginning with assessment year 2004-05; AND WHEREAS by notification number S.O. 788(E) dated the 5 th July, 2004 the estimated cost was enhanced from Rs.75.00 lakhs to Rs. 175.00 lakhs including a corpus fund of Rs.30.00 lakhs; 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 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 specifies the scheme or project for purchase of ambulance, instruments and running of welfare activities (Medical aid/ camps, distribution of foodgrain and clothes) which is being carried by Shri Baldevdas Charitable Trust, 18-Raopura Cooperative Housing Society, Near Memnagar Fire Station, Navrangpura, Ahmedabad-380009, without any change in the approved cost of Rs. 175.00 lakhs including a corpus fund of Rs. 30.00 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2007-08. [F.No.NC-274/3/2007]