EQUIPMENTS, RUNNING OF PAIN RELIEF CENTRE (SATSEVA) BY CARE INDIA MEDICAL SOCIETY, PUNE NOTIFIED AS AN ELIGIBLE SCHEME OR PROJECT UNDER SECTION 35AC

Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes

NOTIFICATION NO.15/2011 [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O.856(E), DATED 27-4-2011

WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 206(E), dated the 17 March, 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 20, “Equipments, running of Pain Relief Centre (SATSEVA) at 827, Bhavani Peth, Pune, Maharashtra” by Care India Medical Society, H-1/13, Salunke Vihar, Pune, Maharashtra – 411029, 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. 217(E), dated the 1st April, 1999 for a period of three years beginning with assessment year 2000-01, which was extended further vide Notification number S.O. 973(E), dated the 10th September, 2002 for a period of three years beginning with assessment year 2003-04, which was extended further vide Notification number S.O.503(E), dated the 4th April, 2006 for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O.1303(E), dated 4th June, 2008 for a period of three years beginning with financial year 2008-09;

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), hereby notifies the scheme or project “Equipments, running of Pain Relief Centre (SATSEVA) at 827, Bhavani Peth, Pune, Maharashtra” which is being carried out by Care India Medical Society, H-1/13, Salunke Vihar, Pune, Maharashtra – 411029, without any change in the approved cost of Rs. 615.50 lakh including a corpus fund of Rs. 600.00 lakh, as an eligible project or scheme for a further period of three years commencing with the financial year 2011-12 i.e., 2011-12, 2012-13 & 2013-14.

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Category : Income Tax (28050)
Type : Notifications (15994) Notifications/Circulars (32348)

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