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

NOTIFICATION NO. S.O. 2900(E) [NO. 139/2011 (F.NO.V-27015/5/2011-SO (NAT.COM))], DATED 27-12-2011

Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 2370(E), dated 3rd October, 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 38, “Creating and Upgradation of infrastructure facilities for advanced treatment for Cancer and Cardiac patients with an element of accessibility and affordability of the underprivileged, Part A – Setting up a comprehensive Cardiac Care Center, Part B -Support for Treatment of Cancer Patients” by Charutar Arogya Mandal, Post Box No.7, Vallabh Vidynagar, Gujarat- 388 120. 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 Explanationto section 35AC of the Income-tax Act, 1961 (43 of 1961), hereby notifies the scheme or project “Creating and Upgradation of infrastructure facilities for advanced treatment for Cancer and Cardiac patients with an element of accessibility and affordability of the underprivileged, Part A – Setting up a comprehensive Cardiac Care Center, Part B – Support for Treatment of Cancer Patients” which is being carried out by Charutar Arogya Mandal, Post Box No.7, Vallabh Vidynagar, Gujarat- 388 120, without any change in the approved cost of Rs. 49.66 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 & 2013-14.