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. 10/2009 [F.NO. V-27015/5/2009-SO (NAT.COM)]/ S.O. 643(E), DATED 22-3-2010

WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 1404(E), dated 4th September, 2006, 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 15, for (i) Cancer Hostel, (ii) Cancer Hospice, (iii) Cancer Diagnostic Centre, (iv) Cancer Hospital & Research Centre (100 beds only), (v) Cancer Hospital (Additional 100 beds), by Cancer Aid & Research Foundation, Byculla Municipal School Building, Ground Floor, R. Nos. 15-18, N. M. Joshi Marg, Near S Bridge, Byculla (West), Mumbai-400 011, as an eligible project or scheme for a period of three years beginning with financial year 2006-07;

AND WHEREAS the project name was amended with No. S.O. 1986(E), dated 17-11-2006 to (i) Cancer Hostel, (ii) Cancer Hospice (iii) Cancer diagnostic centre deleting Cancer Hospital and Research Centre (100 beds only) and Cancer Hospital (additional 100 beds).

AND WHEREAS the said project or scheme is likely to extend beyond three 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;

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 specifies the scheme or project for (i) Cancer Hostel, (ii) Cancer Hospice, (iii) Cancer diagnostic centre which is being carried out by Cancer Aid & Research Foundation, Byculla Municipal School Building, Ground Floor, R. Nos. 15-18, N. M. Joshi Marg, Near S Bridge, Byculla (West), Mumbai-400 011, without any change in the approved cost of Rs. 35 crore, as an eligible project or scheme for a further period of three years commencing from the financial year 2009-10, i.e., 2009-10, 2010-11 and 2011-12.

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