U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Ujjain Charitable Trust Hospital & Research Centre, Ujjain (M.P.) - S.O. 410 (E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION NO. 10594 New Delhi, the 15 th May, 1998 S.O. 410 (E) .- Whereas by notification number S.O. 602 (E) dated the 12 th August, 1993 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 has specified at serial number 4, Construction of Ujjain Charitable Trust s Hospital and Research Centre at Bhudwaria in Ujjain, Madhya Pradesh of Ujjain Charitable Trust Hospital and Research Centre, Mahadik Niwas, 50, Kshirsagar Colony, Ujjain- 456006 (M.P.) as an eligible project or scheme for a period of one year i.e. assessment year 1994-95 which was extended for a period of two year i.e. assessment years 1995-96 and 1996-97 vide S.O. 268 (E) dated the 29th March, 1994 which again was extended for a further period of two years i.e. assessment years 1997-98 and 1998-99 vide S.O. 232 (E) dated the 21 st March, 1996 ; And whereas the said project or scheme is likely to extend beyond five 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 Ujjain Charitable Trust s Hospital and Research Centre at Bhudwaria in Ujjain, Madhya Pradesh of Ujjain Charitable Trust Hospital and Research Centre, Ninas, 50, Kshirsagar Colony, Ujjain-456006 (M.P.) at the estimated cost of rupees one hundred fifty lakhs only as an eligible project or scheme for a further period of three assessment years commencing from assessment year 1999-2000. [F. No. NC-29/98] V.K SEHGAL, Dy. Secy