SECTION 35AC, READ WITH EXPLANATION (b) THERETO, OF THE INCOME-TAX ACT, 1961 – ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON – NOTIFIED ELIGIBLE PROJECTS OR SCHEMES – THE GUJARAT SARVAJANIK WELFARE TRUST, GUJARAT

NOTIFICATION NO. 34/2014 [F.NO.V.27015/1/2014-SO(NAT.COM)]/SO 1957(E), DATED 31-7-2014

Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2835(E), dated 19-12-2011 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 16 “Expansion of the Charitable Hospital & Educational Activities” by “The Gujarat Sarvajanik Welfare Trust, 303, 3rd Floor, Maharana Pratap Complex, Opp. Ellis Bridge Post Office, B/h V.S. Hospital, Ahmedabad, Gujarat”, as an eligible project or scheme, at the estimated cost of Rs. 17.73 crore, for a period of three years ending with financial year 2013-14;

And whereas the said project or scheme is likely to extend beyond 3 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 notifies the scheme or project “Expansion of the Charitable Hospital & Educational Activities”, which is being carried out by “The Gujarat Sarvajanik Welfare Trust, 303, 3rd Floor, Maharana Pratap Complex, Opp. Ellis Bridge Post Office, B/h V.S. Hospital, Ahmedabad, Gujarat”, without any change in the approved cost of Rs. 17.73 crore, for a further period of three years commencing with financial years 2014-15, i.e., 2014-15, 2015-16 and 2016-17.