Exemption u/s 35 AC - Central Government had specified health for all comprising running of 50 bedded hospital, general dispensary, child and mother care centre T. B. clinic and conducting medical camps on rheumatic heart diseases at Bombay as an eligible project or scheme - S.O.215(E) - Income Tax

Exemption u/s 35 AC - Central Government had specified health for all comprising running of 50 bedded hospital, general dispensary, child and mother care centre T. B. clinic and conducting medical camps on rheumatic heart diseases at Bombay as an eligible project or scheme NOTIFICATION NO. S.O.215 ( E ) DATED 19-3-1996 Whereas by notification, vide S. O. No. 740(E), dated 12th October, 1996, 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 had specified the scheme at Sl. No. 5, health for all comprising running of 50 bedded hospital, general dispensary, child and mother care centre T. B. clinic and conducting medical camps on rheumatic heart diseases at Village Bidada, by Shree Bidada Sarvodaya Trust, Dadar (C. R.), Bombay, as an eligible project or scheme for a period of two assessment years commencing from the assessment year 1995-96 ; And whereas the said project or scheme is likely to extend beyond two years ; And whereas the National Committee being satisfied that the said project or scheme is 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 two 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 of health for all comprising running of 50 bedded hospital, general dispensary, child and mother care centre, T. B. clinic and conducting medical camps on rheumatic heart diseases at Village Bidada, which are being carried out by Shree Bidada Sarvodaya Trust, Dadar (C. R.), Bombay, at the estimated cost of rupees one crore eighty-seven lakhs seventy-one thousand only as an eligible project or scheme for a further period of two assessment years commencing from the assessment year 1997-98. [No. 10019/F. No. NC-15/96]