Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Shree Ramakrishna Shanti Ashram, Jharkhand

Notification No.5/2012[F.No.V-27015/1/2012-SO (NAT.COM)]/S.O. 460(E), dated 16-3-2012

Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1462(E), dated 17th June, 2008, 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, “Shree Ramakrishna Sewa Kendra (charitable hospital)” by Shree Ramakrishna Shanti Ashram, 3/345, Vivekananda Path, Hazaribag – 825310, Jharkhand, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;

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 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 “Shree Ramakrishna Sewa Kendra (charitable hospital)” which is being carried out by Shree Ramakrishna Shanti Ashram, 3/345, Vivekananda Path, Hazaribag – 825310, Jharkhand, without any change in the approved cost of Rs. 4.85 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 and 2013-14.

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