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NC Notification No. 5/2012-Income Tax Dated 16/3/2012

NC Notification No. 5/2012-Income Tax 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

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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Categories: Income Tax
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