Exemption u/s 35AC - Central Government specified, the construction of Eye Care Centre in Jodhpur district of Rajasthan of the Smt. Tarabai Desai Charitable Opthalmic Trust, Rajasthan as an eligible project or scheme - S.O.725(E) - Income Tax

Exemption u/s 35AC - Central Government specified, the construction of Eye Care Centre in Jodhpur district of Rajasthan of the Smt. Tarabai Desai Charitable Opthalmic Trust, Rajasthan as an eligible project or scheme NOTIFICATION NO. S.O.725 ( E ) DATED 17-8-1995 Whereas by Notification No. S.O. 887(E), dated 22nd November, 1993, 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 1, the construction of Eye Care Centre in Jodhpur district of Rajasthan of the Smt. Tarabai Desai Charitable Opthalmic Trust, E-22, Shastri Nagar, Jodhpur, Rajasthan, as an eligible project or scheme for a period of two assessment 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 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. Now, therefore, the Central Government in exercise of the powers conferred by clause ( b ) of Explanation to section 35AC of the Income-tax Act, 1961, hereby specifies the construction of Eye Care Centre in Jodhpur district of Rajasthan of the Smt. Tarabai Desai Charitable Opthalmic Trust, E-22, Shastri Nagar, Jodhpur, Rajasthan, at the estimated cost of rupees one hundred eight lakhs thirty-two thousand as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1996-97. [No. 9843/F. No. NC-77/95]