Exemption u/s 35 AC - Central Government had specified the scheme of Ayodhya Charitable Trust's General Hospital, Pune as an eligible project or scheme - S.O.257(E) - Income Tax

Exemption u/s 35 AC - Central Government had specified the scheme of Ayodhya Charitable Trust's General Hospital, Pune as an eligible project or scheme NOTIFICATION NO. S.O.257 ( E ) DATED 27-3-1997 Whereas by notification number S. O. 602(E), dated 12th August, 1993, issued under clause ( b ) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified the scheme of Ayodhya Charitable Trust's General Hospital, S. No. 51/12, Wanowire Village, Pune-411 002, for construction of Ayodhya Charitable Trust's General Hospital, Pune, as an eligible project or scheme for a period of three 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 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 the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme of Ayodhya Charitable Trust's General Hospital, S. No. 51/12, Wanowire Village, Pune-411 002, for construction of Ayodhya Charitable Trust's General Hospital, at Pune, at the estimated cost of rupees eighty-nine lakhs and twenty-five thousand only as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1997-98, i.e., 1997-98, 1998-99, 1999-2000. [No. 10318/F. No. NC-16/97]