NOTIFICATION NO.  89/2013

DATED 27-12-2013

S.O. 3840(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.469(E), dated the 2nd July, 1996, 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 8, "(a) Detection, Prevention Reaseach and Education; (b) Diagnosis, curing and operation to Heart patients; (c) Maintaining of Atithi Griha" by Mahavir Heart Research Foundation, Avanti Apartments, Behind Gandhi Market, Sion (East), Mumbai-400 020, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98, which was extended further vide notification number S.O.18(E) dated the 4th January, 2000 for a period of three years beginning with assessment year 2000-2001, which was extended further vide notification number S.O.686(E), dated the 13th June, 2003 for a period of three years beginning with assessment year 2003-04, which was extended further vide notification number S.O.152(E) dated the 3rd February, 2006 for a period of three years beginning with financial year 2005-06 and which was extended further vide notification number S.O. 231(E), dated 21st January, 2009 for a period of three years beginning with financial year 2008-09; which was extended further vide notification number 1076(E) dated 14.05.2012 for a period of three years ending with financial year 2013-14.

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 and enhancement in the estimated cost;

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 "(a) Detection, Prevention Research and Education; (b) Diagnosis, curing and operation to Heart patients; (c) Maintaining of Atithi Griha" being carried out by Mahavir Heart Research Foundation, Avanti Apartments, Behind Gandhi Market, Sion (East), Mumbai-400 020, as an eligible project or scheme for a further period of three years beginning with financial year 2014-15 i.e. 2014-15, 2015-16 and 2016-17

(b)    further amends the said notification number S.O.469(E), dated the 2^nd July, 1996, to the following effect, namely :-

In the said notification, in the Table against serial number 8, in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC, for the letters, figures and words "Rs. 315.85 lakh", the letters, figures and words "Rs. 442.19 lakh" shall be substituted.

[F.NO.27015/3/2013-SO (NAT.COM)]