Exemption u/s 35 AC - Central Government had specified the scheme of Shri Kanchi Kamakoti Medical Trust, Coimbatore as an eligible project or scheme - S.O.269(E) - Income Tax

Exemption u/s 35 AC - Central Government had specified the scheme of Shri Kanchi Kamakoti Medical Trust, Coimbatore as an eligible project or scheme NOTIFICATION NO. S.O.269 ( E ) DATED 27-3-1997 Whereas by notification number S. O. 740(E), dated 12th October, 1994, 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 Kanchi Kamakoti Medical Trust, 77 West Ponnurangam Road, R. S. Puram, Coimbatore-641 002, for gift of Vision-Phase-II Rural Outreach Eye Care Programme with emphasis on Eye Care; preventable and communicable diseases like AIDS; Maternal and Child care; small family norm and Tuberculosis-identification and furnishing of additions to the existing building of Sri Kanchi Kamakoti Medical Trust, Natraj Hospital at Sarvnampatti, Coimbatore, and construction of quarters of "A" and "B" type for the trust 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 Kanchi Kamakoti Medical Trust, 77 West Ponnurangam Road, R. S. Puram, Coimbatore-641 002 for gift of Vision-Phase-II Rural Outreach Eye Care Programme with emphasis on Eye Care; preventable and communicable diseases like AIDS; Maternal and Child care; small family norm and Tuberculosis-identification and furnishing of additions to the existing building of Sri Kanchi Kamakoti Medical Trust, Natraj Hospital at Sarvnampatti, Coimbatore, and construction of quarters of "A" and "B" type for the trust at the estimated cost of rupees one crore fifty-eight lakhs and seventy-four thousand only as an eligible project or scheme 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. 10330/F. No. NC-16/97]