U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Dr. Sheela Sharma Memorial Charitable Trust, Mathura, Uttar Pradesh - S.O. 95 (E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 10270 New Delhi, the 7 th February, 1997 S.O. 95 (E).- Whereas by notification number S.O. No. 267 (E) dated the 29 th March, 1994 issued under sub-section (1) read with clause (b) of Explanation to section 35 AC of the Income-tax, Act, 1961 (43 of 1961) , the Central Government had specified at serial number 15, the construction of 200 bedded hospital named Dr. Sheela Sharma Memorial Charitable Cancer Hospital at Azampur, Mathura, of the Dr. Sheela Sharma Memorial Charitable Trust, Mathura, Uttar Pradesh 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 being executed properly, made a further recommendation under sub-rule (5) of rule 11 M 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 Explanation to section 35 AC of the Income-tax Act, 1961 (43 of 1961) hereby specifies the scheme or project of construction of 200 bedded hospital named Dr. Sheela Sharma Memorial Charitable Cancer Hospital at Azampur, Mathura, Uttar Pradesh to provide, (a) free treatment to patients with income below ₹ 1200 per month; and (b) 50 per cent concessional treatment to patients with income between ₹ 1200 per month to ₹ 2400 per month of the Dr. Sheela Sharma Memorial Charitable Trust, 2517, Rani Mandi, P.O. Gayatri Tapobhumi, Mathura-281003, Uttar Pradesh at the estimated cost of rupees four crore ninety-nine lakhs-fifty eight thousand only as an eligible project or scheme for a farther period of two assessment years commencing from assessment year 1997-98. [F. No. NC-114/96] V.K. SEHGAL, Dy. Secy.