SECTION 35AC, READ WITH EXPLANATION (B) THERETO OF THE INCOME-TAX ACT, 1961 – ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON – NOTIFIED ELIGIBLE PROJECTS OR SCHEMES – INDIA EDUCATION TRUST, JAIPUR

NOTIFICATION NO. S.O. 2418(E) [NO. 90/2012 (F. NO. V.27015/3/2012-SO (NAT.COM))], DATED 9-10-2012

Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 2907(E) dated 17th November, 2009, 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 19, “Mahatma Gandhi Hospital-Cardiac Hospital (200 bedded hospital)” by India Education Trust, Mahatma Gandhi Hospital- India Education Trust, 12-14, RIICO Institutional Area, Sitapura, Tonk Road, Jaipur -302022, Rajasthan, as an eligible project or scheme for a period of three years beginning with financial year 2009-10;

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 one year;

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), (a) hereby notifies the scheme or project “Mahatma Gandhi Hospital-Cardiac Hospital (200 bedded hospital)” which is being carried out by India Education Trust, Mahatma Gandhi Hospital- India Education Trust, 12-14, RIICO Institutional Area, Sitapura, Tonk Road, Jaipur -302022, Rajasthan, without any change in the approved cost of Rs. 37.00 crores, as an eligible project or scheme for a further period of one year commencing with the financial year 2012-13.