Exemption of Tax on Medical Expense : Income Tax department granted approval to The Panacea Multi Super Specialty Hospital, Kanpur

Exemption of Tax on Medical Expense : Income Tax department granted approval to The Panacea Multi Super Specialty Hospital, Kanpur

OFFICE OF THE
PRINCIPAL CHIEF COMMISSIONER OF INCOME TAX
U.P.(WEST) & UTTARAKHAND REGION
“AAYAKAR BHAWAN”, 16/69, CIVIL LINES,
KANPUR (U.P.)- 208001
PHONE & FAX NO. 0512-2304418

Order u/s 17(2)(viii)(ii)(b) of IncomeTax Act, 1961
Dated:17.12.2024

Sub.: Approval of hospital for the purpose of sub clause (b) of clause (ii) of the proviso to sub clause (viii) of clause (2) of Section 17 of the Income Tax Act, 1961 in the case of M/s. The Panacea Multi Super Specialty Hospital, 117/473, L Block, Kakadeo, Kanpur, PAN- AAJFT5887D-Reg.

In exercise of the Powers conferred under sub-clause (b) of clause (ii) of the proviso to sub clause (viii) of clause (2) of Section 17 of the Income Tax Act, 1961 read with Rule 3A of the Income Tax Rules, 1962 and having regard to guidelines prescribed therein, approval is hereby granted to:

The Panacea Multi Super Specialty Hospital,
117/473, L Block, Kakadeo, Kanpur,
PAN- AAJFT5887D

2. Accordingly, any sum paid by an employer in respect of any expenditure actually incurred by an employee on his/her medical treatment or of any member of his/her family at the above mentioned Hospital in respect of the following disease or ailments prescribed under Rule 3A(2) of the Income Tax Rules, 1962, shall not be treated as a perquisite for the purposes of sections 15, 16 and 17 of the Income-tax Act, 1961 and such sum shall be exempt from income-tax in the hands of the employee. The employer will not be liable to deduct tax under section 192 of the Income tax Act, 1961 in respect of such sum:-

3. The approval is only for the purpose of sub-clause (b) of clause (il) of the proviso to clause (viii) of sub-section (2) of Section 17 of the Income Tax Act, 1961 and shall not be construed as approval of the Central Government or the Principal Chief Commissioner of Income Tax, Kanpur or any other statutory authority under the Government, for any other purpose.

4. This approval is valid for a period of 03 year from 17.12.2024 i.e. upto 16.12.2027. The approval is subject to the continued compliance with the statutory conditions prescribed under Rule 3A(2) of the Income Tax Rules, 1962 necessary for such approval and such modification as may be necessitated by any amendment to the provisions governing the approval under Income Tax Act, 1961.

5. The order of the approval is subject to following terms and conditions:-

(a) This approval is not transferable.
(b) The Hospital shall, at all reasonable times, be open for inspection by the officers of the Income tax Department, as are duly authorized in’ this behalf.
(c) The hospital shall conform to such conditions as are prescribed under sub-clause (b) of clause (ii) of the proviso to clause (viii) of sub-section (2) of Section 17 of the Income Tax Act, 1961 read with Rule 3A of the Income Tax Rule, 1962. In case of violation of the conditions prescribed under the Act, it will be mandatory on the part of the hospital, to intimate such fact immediately, to the approving authority,
(d) The application for renewal of approval should be submitted at least 60 days before the expiry of the current approval,

Sd/-
(कृष्‍ण मुरारी/Krishna Murari)
प्रधान मुख्‍य आयकर आयुक्‍त/Chief Commissioner of Income Tax,
उत्‍तर प्रदेश(पश्चिम) एवं उत्‍तराखंड क्षेत्र/U.P, (West) & Uttarakhand Region,
कानपुर/Kanpur

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