SECTION 35AC, READ WITH EXPLANATION (B) THERETO, OF THE INCOME-TAX ACT, 1961 – ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON – RAWAL MALLINATHJI FOUNDATION, NEW DELHI
NOTIFICATION NO. S.O. 464(E) [NO.9/2012(F.NO.V-27015/1/2012-SO (NAT.COM))], DATED 16-3-2012
Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.998(E), dated the 5th July, 2006, 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, “Day care hospital and mobile hospice rural outreach programme” by Rawal Mallinathji Foundation, 138, Sunder Nagar, New Delhi – 110003, as an eligible project or scheme for a period of two years beginning with financial year 2006-07 and which was extended further vide notification number S.O.766(E), dated 18th March, 2009 for a further period of three years beginning with the financial year 2008-09;
And whereas the said project or scheme is likely to extend beyond five 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 “Day care hospital and mobile hospice rural outreach programme” which is being carried out by Rawal Mallinathji Foundation, 138, Sunder Nagar, New Delhi – 110003, without any change in the approved cost of Rs. 9.78 crore, as an eligible project or scheme for a further period of three years commencing with financial year 2011-12 i.e. 2011-12, 2012-13 and 2013-14.