Exemption u/s 35AC - Central Government had specified the Hospital Centre at Trivandrum of Ramakrishna Math, P.O. Belur Math, Distt. Howrah, West Bengal as an eligible project or scheme - S.O. 222(E) - Income Tax

Exemption u/s 35AC - Central Government had specified the Hospital Centre at Trivandrum of Ramakrishna Math, P.O. Belur Math, Distt. Howrah, West Bengal as an eligible project or scheme NOTIFICATION NO. S.O. 222 ( E ) DATED 16-3-1998 Whereas by Notification No. S. O. 878(E), dated 30th November, 1992, 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 8, the Hospital Centre at Trivandrum of Ramakrishna Math, P.O. Belur Math, Distt. Howrah, West Bengal---711 202 as an eligible project or scheme for a period of three years beginning with the assessment year 1993-94 which was extended for a further period of three years ending with the assessment year 1998-99, vide S. O. 179(E), dated 9th March, 1995 ; And whereas the said project or scheme is likely to extend beyond six 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 Hospital Centre at Trivandrum of Ramakrishna Math, P. O. Belur Math, Distt. Howrah, West Bengal---711 202 at an estimated cost of rupees fifty-six lakhs as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1999-2000. [No. 10560/F. No. NC--9/98]