NOTIFICATION NO. 114/2007, DATED 29-3-2007

Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 206(E), dated the 17th March, 1997, 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 specified at serial number 9, for running of Health Camps at rural areas of all Districts of Tamil Nadu by Singhvi Charitable Trust, 11, Ponnappa Lane, Triplicane, Chennai, Tamil Nadu-60005, as an eligible project or scheme for a period of three years beginning with assessment years 1997-98 which was extended further vide notification number S.O.321(E), dated the 11th May, 1999 for a period of three years beginning with assessment year 2000-01 which was extended further vide notification number S.O.613(E), dated the 7th June, 2002 for a period of three years beginning with assessment year 2003-04 and which was extended further vide notification number S.O.137(E), dated the 3rd February, 2006 for a period of three years beginning with financial year 2005-06;
AND WHEREAS vide notification number S.O. 321(E), dated the 11th May, 1999 the estimated cost was enhanced from Rs. 147.00 lakhs to Rs. 201.00 lakhs;
And whereas the said project or scheme is likely to extend beyond twelve 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 specifying the said project or scheme for a further period of three years and enhancing the project cost from Rs. 201.00 lakhs to Rs. 286.00 lakhs;
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),-
  1. hereby specifies the scheme or project for running of Health Camps at rural areas of all Districts of Tamil Nadu, which is being carried out by Singhvi Charitable Trust, 11, Ponnappa Lane, Triplicane, Chennai, Tamil Nadu-60005 as an eligible project or scheme for a further period of three years commencing from the financial year 2007-08, and;
  2. further amends the said notification number S.O.206(E), dated the 17th March, 1997, to the following effect, namely :-
In the said notification, in the Table against serial number 9, in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC, for the letters, figures and word “Rs. 201.00 lakhs”, the letters, figures and word “Rs. 286.00 lakhs” shall be substituted.
[F.No.NC-274/3/2007]

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