U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Haji Abdul Majid Memorial Public Trust, Nagaon, Assam - S.O. 1030(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 11554 New Delhi, the 17 th November, 2000 S.O. 1030(E).- Whereas by notification of the Government of India in the Ministry of Finance number S O. 591(E) dated the 20th August, 1997 , issued under clause (b) of the Explanation to section 35AC or the Income-tax Act, 1961 (43 of 1961) , the Central Government had specified at serial number 13, Construction of building, equipments, furnishing and running of Hospital and Research Centre, at Hojai, District Nagaon, Assam by Haji Abdul Majid Memorial Public Trust, Post Office Hojai, Village Gopal Nayar, District Nagaon, Assam 782435, as an eligible project or scheme for a period of three years beginning with assessment year 1998-99; And whereas the said project or scheme is likely to extend beyond three 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 of building, equipments, furnishing and running of Hospital and Research Centre, at Hojai, District Nagaon, Assam, which is being carried out by Haji Abdul Majid Memorial Public Trust, Post Office Hojai, Village Gopal Nagar, District - Nagaon, Assam -- 782435, at the estimated cost of rupees seventy five crores ninety three lakhs only, as an eligible project or scheme for a further period of three years beginning with assessment year 2001-2002. [F No. NC-88/2000] POMELA B PRASAD. Director (N C.)