Exemption u/s 35AC - Central Government had specified the establishing of Cipla Cancer and AIDS Foundations, Hospice for terminally ill cancer patients ; and Palliative Care Training Centre, by Cipla Cancer and AIDS Foundation, Bombay as an eligible project or scheme - S.O.236(E) - Income Tax

Exemption u/s 35AC - Central Government had specified the establishing of Cipla Cancer and AIDS Foundations, Hospice for terminally ill cancer patients ; and Palliative Care Training Centre, by Cipla Cancer and AIDS Foundation, Bombay as an eligible project or scheme NOTIFICATION NO. S.O.236 ( E ) DATED 21-3-1996 Whereas by notification, vide S. O. No. 839(E), dated 22nd November, 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. 6, the establishing of Cipla Cancer and AIDS Foundations--( a ) Hospice for terminally ill cancer patients ; and ( b ) Palliative Care Training Centre, by Cipla Cancer and AIDS Foundation, 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 amends the project cost from Rs. 200 lakhs to Rs. 230 lakhs and specifies the scheme of establishing of Cipla Cancer and AIDS Foundations ( a ) Hospice for terminally ill cancer patients ; and ( b ) Palliative Care Training Centre, which are being carried out by Cipla Cancer and AIDS Foundation, Bombay, at the amended cost of rupees two crore thirty lakhs only as an eligible project or scheme for a further period of two assessment years commencing from the assessment year 1997-98. [No. 10036/F. No. NC-15/96]