Exemption u/s 35 AC - Central Government had specified the scheme of Shri Sathya Sai Medical Trust, Prasanthi Nilayam, District Anantapur, Andhra Pradesh for maintenance and running of cardiology department; repairs/renewals in the hospital as a whole as an eligible project or scheme - S.O.268(E) - Income Tax

Exemption u/s 35 AC - Central Government had specified the scheme of Shri Sathya Sai Medical Trust, Prasanthi Nilayam, District Anantapur, Andhra Pradesh for maintenance and running of cardiology department; repairs/renewals in the hospital as a whole as an eligible project or scheme NOTIFICATION NO. S.O.268 ( E ) DATED 27-3-1997 Whereas by notification number S. O. 64(E), dated 30th January, 1995, and S. O. 577(E), dated 27th June, 1995, 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 Shri Sathya Sai Medical Trust, Prasanthi Nilayam, District Anantapur, Andhra Pradesh, PIN-515 134 for ( a ) maintenance and running of cardiology department; ( b ) repairs/renewals in the hospital as a whole; ( c ) maintenance of ophthalmology and 2nd and 3rd of Phase of ENT Department as an eligible project or scheme for a period of three years commencing from the assessment year 1995-96. 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 Shri Sathya Sai Medical Trust, Prasanthi Nilayam, District Anantapur, Andhra Pradesh, PIN-515 134 for ( a ) maintenance and running of cardiology department; ( b ) repairs/renewals in the hospital as a whole; ( c ) maintenance of ophthalmology and 2nd and 3rd of Phase of ENT Department, as an eligible project or scheme at the estimated cost of rupees fifteen crores and twenty-seven lakhs only for a further period of three assessment years commencing from the assessment year 1998-99, i.e., 1998-99 and 1999-2000 and 2000-2001. [No. 10329/F. No. NC-16/97]