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Notification No
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121
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Section(s) Referred
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s. 35AC
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Date of Issue
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9/5/2003
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Notification No. 121 of 2003, dt. 9th May, 2003
Whereas by notification of the Government of India in the Ministry of
Finance (Department of Revenue) number S.O. 20(E) dated the 6th
January, 1995, 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 specified at serial number 4, for
Construction, furnishing and running of 100 bedded Khail Shanker
Durlabhji Avedna Ashram, for providing free care to the terminally ill
patients and a day care centre for elderly persons by Khail Shanker
Durlabhji Avedna Ashram Trust, Bhawani Singh Marg, Jaipur-302015,
Rajasthan, as an eligible project or scheme for a period of three years
beginning with assessment year 1995-1996 which was extended
further vide notification number S.O. 395(E) dated 19th May, 1997 for
a period of three years beginning with assessment year 1998-1999
and which was extended further vide notification number S.O. 851(E)
dated 21st September, 2000 for a period of three years beginning with
assessment year 2001-2002;
And whereas the said project or scheme is likely to extend beyond
nine years;
And whereas the National Committee, 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
specifies the scheme or project of Construction, furnishing and running
of 100 bedded Khail Shanker Durlabhji Avedna Ashram, for providing
free care to the terminally ill patients and a day care centre for elderly
persons which is being carried out by Khail Shanker Durlabhji Avedna
Ashram Trust, Bhawani Singh Marg, Jaipur-302015, Rajasthan, at the
estimated cost of rupees five crores fifty lakhs only, as an eligible
project or scheme for a further period of three years commencing from
the assessment year 2004-2005.
[F.No. NC-53/2003]