Exemption u/s 35AC - Central Government notified "Construction of extension building, purchase of equipments/instruments, mobile van, furnishing and running of Kanoria Hospital and Research Centre at Gandhi Nagar, Gujarat" as an eligible project or scheme.

NOTIFICATION

New Delhi, the 21st January, 2009

S.O.244(E).-Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue ) number S.O.366(E), dated the 10th April, 2000, 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 3, "Construction of extension building, purchase of equipments/instruments, mobile van, furnishing and running of Kanoria Hospital and Research Centre at Gandhi Nagar, Gujarat" by Kanoria Seva Kendra, 307, Abhijeet Netaji Marg, Ellisbridge, Ahmedabad, Gujarat, as an eligible project or scheme for a period of three years beginning with assessment year 2000-2001, which was extended further vide notification number S.O.981(E), dated the 10th September, 2002 for a period of three years beginning with assessment year 2003-2004 and which was extended further vide notification number S.O.506(E), dated the 4th April, 2006 for a period of three years beginning with financial year 2005-2006;

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 "Construction of extension building, purchase of equipments/instruments, mobile van, furnishing and running of Kanoria Hospital and Research Centre at Gandhi Nagar, Gujarat" being carried out by "Kanoria Hospital and Research Centre at Gandhi Nagar, Gujarat by Kanoria Seva Kendra, 307, Abhijeet Netaji Marg Ellisbridge, Ahmedabad, Gujarat ¹[without change in the approved cost of ₹ 161.81 lakhs,] as an eligible, project or scheme for a further period of three years beginning with financial year 2008-2009 i.e. 2008-2009,2009-2010 and 2010-2011.

[No.15/2009/F.No. NC-274/17/2008]

NAVEEN CHANDRA, Director (National Committee)

Notes

1. Corrected vide Notification No. 112/2009 dated 28-10-2009 before it was read as "without any change in the approved cost of ₹ 13.5 crore,"