Exemption u/s 35AC - Central Government had specified, the awareness and rehabilitation programmes for drug addicts and alcoholics of Dr. Vidya Sagar Hospital, Nehru Nagar, New Delhi as an eligible project or scheme - S.O.573(E) - Income Tax

Exemption u/s 35AC - Central Government had specified, the awareness and rehabilitation programmes for drug addicts and alcoholics of Dr. Vidya Sagar Hospital, Nehru Nagar, New Delhi as an eligible project or scheme NOTIFICATION NO. S.O.573 ( E ) DATED 27-6-1995 Whereas by notification, vide S. O. 711(E), dated 25th September, 1992, issued under clause ( b ) of Explanation to section 35AC of the Income-tax Act, 1961, (43 of 1961), the Central Government had specified, at serial number 8, the awareness and rehabilitation programmes for drug addicts and alcoholics of Dr. Vidya Sagar Hospital, Nehru Nagar, New Delhi-110 065, as an eligible project or scheme for a period of three assessment years commencing from the assessment year 1993-94 ; And whereas the said project or scheme is likely to extend beyond three years ; And whereas, the National Committee has, 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 and amending the cost of the project from Rs. 58.60 lakhs to Rs. 100 lakhs for awareness programmes for drug addicts and alcoholics ; Now, therefore, the Central Government in exercise of the powers conferred by clause ( b ) of Explanation of section 35AC of the Income-tax Act, 1961 (43 of 1961) hereby specifies the scheme of awareness and rehabilitation programmes for drug addicits and alcoholics which is being carried out by Dr. Vidya Sagar Hospital, Nehru Nagar, New Delhi-110 065, at the estimated cost of Rs. 100.00 lakhs as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1996-97. [No. 9792/F. No. NC-44/95]