Exemption u/s 35 AC - Central Government specified the construction, equipments with all amenities of Vrudhashram and Eye Hospital by Shri Hari Public Charitable Trust Ahmedabad as an eligible project or scheme - S. O. 1145(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION NO. 11131 New Delhi, the 18 th November, 1999 S. O. 1145(E) . - Whereas by notification of the Government of India in the Ministry of Finance number S.O. 469 (E) dated the 2 nd July, 1996 , issued under clause (b) of the Explanation to section 35 AC of the Income-tax Act, 1961 (43 of 1961) , the Central Government had specified at serial number 7 construction, equipments with all amenities of Vrudhashram and Eye Hospital at Sachina Sub-Panchayat. Village Haripur, Taluk Virmagam, District Ahmedabad, Gujarat, by Shri Hari Public Charitable Trust, 5/A, Krishna Society, Near Law Garden, Ellisbridge, Ahmedabad, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98. 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 constriction, equipments with all amenities of Vrudhashram and Eye Hospital at Sachina Sub-Panchayat, Village Haripur, Taluk Virmagani, District Ahmedabad, Gujarat, which is being carried out by Shri Hari Public Charitable Trust, Ellisbridge, Ahmedabad, at the estimated cost of rupees eighty seven lakhs fifty two thousand only, as an eligible project or scheme fora further period of three years beginning with assessment year 2000-2001. [F. No. NC-93/99] POMELA B. PRASAD Director (National Committee)