Exemption u/s 35AC - Central Government had specified the Construction of Phase-I, of Bhagwan Mahaveer Cancer Hospital and Research Centre at Jaipur, Rajasthan as an eligible project or scheme - S.O. 210(E) - Income Tax

Exemption u/s 35AC - Central Government had specified the Construction of Phase-I, of Bhagwan Mahaveer Cancer Hospital and Research Centre at Jaipur, Rajasthan as an eligible project or scheme NOTIFICATION NO. S.O. 210 ( E ) DATED 16-3-1998 Whereas by notification number S.O. 740(E), dated 12th October, 1994, 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 at serial number 10, the Construction of Phase-I, of Bhagwan Mahaveer Cancer Hospital and Research Centre at Jawaharlal Nehru Marg, Jaipur, Rajasthan, as an eligible project or scheme for a period of two years beginning with assessment year 1995-96, which was extended for further period of two assessment years ending with the assessment year 1998-99, vide S. O. 235(E) dated the 21st March, 1996 : And whereas the said project or scheme is likely to extend beyond four 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 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 or project of the Construction of Phase-I, of Bhagwan Mahaveer Cancer Hospital and Research Centre at Jawaharlal Nehru Marg, 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 1999-2000. [No. 10548/F. No. NC-9/98]