121 : Notification: 121 Date of Issue : 9/5/2003

Notification: 121 Date of Issue : 9/5/2003

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Notification No	:	121
Section(s) Referred	:	s. 35AC
Date of Issue	:	9/5/2003

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]