U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Maharaja Agrasen Medical Education & Scientific Research Society, New Delhi - S.O. 94(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 02th Feb, 1996 S.O. 94(E) - WHEREAS by notification, vide SO 602(E), dated 12-8-1993 issued under sub-section (1), read with clause (b) of Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 3, the Construction of Maharaja Agrasen Hospital at Agroha, District Hissar, Haryana, by the Maharaja Agrasen Medical Education Scientific Research Society, New Delhi, as an eligible project or scheme for a period of three years commencing from the assessment year 1994-95; 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 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 two 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 of construction of Maharaja Agrasen Hospital at Agroha, District Hissar, Haryana, which is being carried out by Maharaja Agrasen Medical Education Scientific Research Society, New Delhi, at the estimated cost of rupees-seventeen crore fifty-seven lakhs only as an eligible project or scheme for a further period of two assessment years commencing from the assessment year 1997-98.