Exemption u/s 35AC - Central Government had specified the medical care to old persons and leprosy patients, provision of home to old persons, rehabilitation of destitute old women, conducting eye camps of Helpage India, New Delhi as an eligible project or scheme - S.O. 220(E) - Income Tax

Exemption u/s 35AC - Central Government had specified the medical care to old persons and leprosy patients, provision of home to old persons, rehabilitation of destitute old women, conducting eye camps of Helpage India, New Delhi as an eligible project or scheme NOTIFICATION NO. S.O. 220 ( E ) DATED 16-3-1998 Whereas by Notification No. S. O. 602(E) dated 12th August, 1993, 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, the medical care to old persons and leprosy patients, provision of home to old persons, rehabilitation of destitute old women, conducting eye camps of Helpage India, C-14, Qutab Institutional Area, New Delhi---110 016 as an eligible project or scheme for a period of two years beginning with the assessment year 1994-95 which was extended for a further period of three assessment years ending with the assessment year 1998-99, vide S. O. No. 405(E), dated 3rd May, 1995 ; And whereas the said project or scheme is likely to extend beyond five 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 the medical care to old persons and leprosy patients, provision of home to old persons, rehabilitation of destitute old women, conducting eye camps of Helpage India, C-14, Qutab Institutional Area, New Delhi---110 016 at the estimated cost of rupees one thousand two hundred ninety-five lakhs only as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1999-2000. [No. 10558/F. No. NC--9/98]