SECTION 35AC, READ WITH EXPLANATION (B) THERETO OF THE INCOME-TAX ACT, 1961 – ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON – NOTIFIED ELIGIBLE PROJECTS OR SCHEMES – CARE INDIA MEDICAL SOCIETY, MAHARASHTRA
NOTIFICATION NO. 86/2012 [F. NO. V.27015/3/2012-SO (NAT.COM)]/S.O. 2414(E), DATED 9-10-2012
Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.234(E) dated 15th February, 2007, 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, “Vishranti critical cancer palliative care centre” by Care India Medical Society, H-1/13, Salunke Vihar, Pune – 411048 (Maharashtra), as an eligible project or scheme for a period of three years beginning with financial year 2006-2007 and which was extended further vide notification number S.O. 852(E) dated 25th March, 2009 for a period of three years beginning with the financial year 2009-10;
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 “Vishranti critical cancer palliative care centre” which is being carried out by Care India Medical Society, H-1/13, Salunke Vihar, Pune – 411048 (Maharashtra), without any change in the approved cost of Rs. 6.69 crore, as an eligible project or scheme for a further period of three years beginning with financial year 2012-13, i.e. 2012-13, 2013-14 & 2014-15.
