Exemption u/s 35 AC - Central Government specified the construction of Phase I of Bhagwan Mahaveer Cancer Hospital and Research Centre at Jawaharlal Nehru Marg, Jaipur, Rajasthan, by Bhagwan Mahaveer Cancer Hospital and Research Centre, Jaipur, Rajasthan as an eligible project or scheme - S.O.235(E) - Income Tax

Exemption u/s 35 AC - Central Government specified the construction of Phase I of Bhagwan Mahaveer Cancer Hospital and Research Centre at Jawaharlal Nehru Marg, Jaipur, Rajasthan, by Bhagwan Mahaveer Cancer Hospital and Research Centre, Jaipur, Rajasthan as an eligible project or scheme NOTIFICATION NO. S.O.235 ( E ) DATED 21-3-1996 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 SI. No. 10, the construction of Phase I of Bhagwan Mahaveer Cancer Hospital and Research Centre at Jawaharlal Nehru Marg, Jaipur, Rajasthan, by Bhagwan Mahaveer Cancer Hospital and Research Centre, Jaipur, Rajasthan, 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 construction of Phase I of Bhagwan Mahaveer Cancer Hospital and Research Centre at Jawaharlal Nehru Marg, Jaipur, Rajasthan, which is being carried out by Bhagwan Mahaveer Cancer Hospital and Research Centre, Jaipur, Rajasthan, at the estimated cost of rupees thirteen crore eighty lakhs only as an eligible project or scheme for a further period of two assessment years commencing from the assessment year 1997-98. [No. 10035/F. No. NC-15/96]