HEALTH CARE PROJECT BY UMEED, NEW DELHI 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. 44/2011 [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 885(E), DATED 27-4-2011

WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.708(E), dated the 25th May, 2005, 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 5, “Health care project” by Umeed, 208-216, DDA Commercial Complex, Aurobindo Place Market, Hauz Khas, New Delhi – 110016, as an eligible project or scheme for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O. 2372(E), dated 3rd October, 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 six 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 “Health care project” which is being carried out by Umeed, 208-216, DDA Commercial Complex, Aurobindo Place Market, Hauz Khas, New Delhi – 110016, without any change in the approved cost of Rs. 4.50 crore, 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 (27249)
Type : Notifications (15784) Notifications/Circulars (31741)

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