MAINTENANCE AND RUNNING OF SHRI K.K. SHAH SABARKANTHA AROGYA MANDAL BY SHRI K.K. SHAH SABARKANTHA AROGYA MANDAL, GUJARAT 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 – Amendment in Notification No.S.O.1124(E), dated 29-9-2003

NOTIFICATION NO. 7/2011 [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O.848(E), DATED 27-4-2011

WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1124(E), dated the 29th September, 2003, 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 6, “Maintenance and running of Shri K.K. Shah Sabarkantha Arogya Mandal” by Shri K.K. Shah Sabarkantha Arogya Mandal, Post Vatrak Tal Vayad, District Sabarkantha – 383326, Gujarat, as an eligible project or scheme for a period of three years beginning with assessment year 2004-05; which was extended further vide Notification number S.O.1421(E), dated the 4th September, 2006 for a period of three years beginning with financial year 2006-07 and which was extended further vide Notification number S.O. 843(E), dated 25th March, 2009 for a period of three years beginning with financial year 2009-10;

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 enhancing the project cost from Rs. 274.92 lakh including corpus fund of Rs. 200 lakh to Rs. 461.51 lakh including a corpus fund of Rs. 250 lakh;

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 “Maintenance and running of Shri K.K. Shah Sabarkantha Arogya Mandal” which is being carried out by Shri K.K. Shah Sabarkantha Arogya Mandal, Post Vatrak Tal Vayad, District Sabarkantha – 383326;

(b) further amends the said Notification number S.O. 1124(E), dated the 29th September, 2003, to the following effect, namely :-

In the said Notification, in the Table against serial number 6, in column (4) maximum amount of cost to be allowed as deduction under section 35AC of Income-tax Act, 1961, for the letters, figures and words “Rs. 274.92 lakh including corpus fund of Rs. 200 lakh”, the letters, figures and words “Rs. 461.51 lakh including a corpus fund of Rs. 250 lakh shall be substituted.

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