Exemption u/s 35AC - Central Government had specified for construction of Kai Mohan Thuse Netra Rugnalaya at Narayangaon, of Kai. Mohan Thuse Netra Rugnalaya Pune as an eligible project or scheme - S.O. 214(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for construction of Kai Mohan Thuse Netra Rugnalaya at Narayangaon, of Kai. Mohan Thuse Netra Rugnalaya Pune as an eligible project or scheme NOTIFICATION NO. S.O. 214 ( E ) DATED 16-3-1998 Whereas by Notification No. S. O. 844(E) dated 17th October, 1995, 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 12, construction of Kai Mohan Thuse Netra Rugnalaya at Narayangaon, Pune of Kai. Mohan Thuse Netra Rugnalaya At Post---Narayangaon, Taluka--Junnar, District Pune---410504 as an eligible project or scheme for a period of three years beginning with assessment year 1996-97 ; 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 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 Construction of Kai Mohan Thuse Netra Rugnalaya at Narayangaon, Pune of Kai Mohan Thuse Netra Rugnalaya At Post--Narayangaon, Taluka-Junnar, District Pune---410504 at the estimated cost of rupees forty lakhs only as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1999-2000. [No. 10552/F. No. NC--9/98]