SECTION 35AC, READ WITH EXPLANATION (B) THERETO, OF THE INCOME-TAX ACT, 1961 – ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON – NOTIFIED ELIGIBLE PROJECTS OR SCHEMES – DR. M.L. DHAWALE MEMORIAL TRUST, MUMBAI
NOTIFICATION NO. 67/2011[F.NO. V-27015/2/2011-SO (NAT.COM)]/S.O. 1387(E), DATED 14-6-2011
WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 862(E), dated the 12th December, 1997, 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 4 “(a) Construction of building, medical equipments, furnishing, ambulance and preliminary expenses of 30 bed hospital; (b) Modernisation of existing hospital, medical, equipments, furnishing, ambulance, preliminary expenses; and (c) Undertaking mobile health clinics and community health workers’ programme” by Dr. M.L. Dhawale Memorial trust, C/o Dr. K.M Dhawale, Sekhsaria Building, 40 Parekh Street, Girgaum, Mumbai-400004, as an eligible project or scheme for a period of three years beginning with assessment year 1998-99, which was extended further vide Notification Number S.O.283(E), dated the 28th March, 2001 for a period of three years beginning with assessment year 2001-02, which was extended further vide Notification Number S.O. 1135(E), dated the 29th September, 2003 for a period of three years beginning with assessment year 2004-05, which was extended further vide Notification Number S.O. 1158(E), dated the 16th July, 2007 for a period of three years beginning with financial year 2006-07 and which was extended further vide Notification Number S.O.2382(E), dated the 3rd October, 2008 for a period of three years beginning with financial year 2008-09;
AND WHEREAS by Notification Number S.O. 2382(E), dated the 3rd October, 2008 the estimated cost was enhanced from Rs. 306 lakh including a corpus fund of Rs. 36 lakh to Rs. 906 lakh.
AND WHEREAS the said project or scheme is likely to extend beyond fifteen years;
AND, WHEREAS, the National Committee for the 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) – (a) hereby notifies the scheme or project “(a) Construction of building, medical equipments, furnishing, ambulance and preliminary expenses of 30 bed hospital; (b) Modernisation of existing hospital, medical, equipments furnishing, ambulance, preliminary expenses; and (c) Undertaking mobile health clinics and community health workers’ programme”, being carried out by Dr. M.L. Dhawale Memorial Trust, C/o Dr. K.M. Dhawale Sekhsaria Building, 40 Parekh Street, Girgaum, Mumbai-400004, without any change in the approved cost of Rs. 906 lakh, as an eligible project or scheme for a further period of three years commencing with financial year 2011-12 i.e. 2011-12, 2012-13 & 2013-14.
