Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes – Leprosy Mission Trust India, New Delhi – Amendment in Notification No.S.O.92(E), dated 2-2-1996

Notification No. 123/2011 [F.No.V-27015/5/2011-SO (NAT.COM)]/S.O. 2884(E), dated 27-12-2011

Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.92(E), dated the 2nd February, 1996, issued under 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 6, “Supporting the Leprosy Mission Hospitals” by The Leprosy Mission Trust India, The Leprosy Mission, CNI Bhavan, 16, Pandit Pant Marg, New Delhi – 110 001, as an eligible project or scheme for a period of three years beginning with assessment year 1996-97 which was extended further vide notification number S.O.320(E), dated the 11th May, 1999 for a period of two years beginning with assessment year 1999-2000 which was extended further vide notification number S.O.976(E), dated the 10th September, 2002 for a period of two years beginning with assessment year 2002-03 which was extended further vide notification number S.O.396(E), dated the 23rd March, 2005 for a period of three years beginning with financial year 2004-05; and which was extended further vide notification number S.O. 1310(E), dated 4th June, 2008 for a period of three years beginning with financial year 2007-08 and which was extended further vide notification number S.O. 1151(E), dated 17th May, 2010 for a period of three years beginning with financial year 2010-11;

And whereas the said project or scheme is likely to extend beyond thirteen years;

And, whereas, the National Committee for the 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 DM of the Income-tax Rules, 1962 for specifying the said project or scheme amending the project cost from Rs. 62 lakh to Rs. 5 crore;

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 “Supporting the Leprosy Mission Hospitals” which is being carried out by The Leprosy Mission Trust India, The Leprosy Mission, CNI Bhavan, 16, Pandit Pant Marg, New Delhi -110 001, (b) further amends the said notification number S.O.92(E), dated the 2nd February, 1996, to the following effect, namely:—

In the said notification, in the Table against serial number 6, in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC of Income Tax Act, 1961 for the letters, figures and word “Rs. 62 lakh” the letters, figures and word “Rs. 5 crore” shall be substituted.

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