Exemption u/s 35AC - Central Government had specified for Maintenance for P. H. Bhagwati Sarvajanik Hospital at Jasalpur, Tal, Kadi, District Mehsana of Jasalpur Arogya Mandal, North Gujarat as an eligible project or scheme - S. O. 406(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for Maintenance for P. H. Bhagwati Sarvajanik Hospital at Jasalpur, Tal, Kadi, District Mehsana of Jasalpur Arogya Mandal, North Gujarat as an eligible project or scheme NOTIFICATION NO. S. O. 406 ( E ) DATED 15-5-1998 Whereas by Notification Number S. O. 92(E), dated 2nd February, 1996, 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 9, Maintenance for P. H. Bhagwati Sarvajanik Hospital at Jasalpur, Tal, Kadi, District Mehsana of North Gujarat of Jasalpur Arogya Mandal, Jasalpur, Tal, Kadi, District Mehsana, North Gujarat as an eligible project or scheme for a period of three years beginning with the 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 maintenance for P. H. Bhagwati Sarvajanik Hospital at Jasalpur, Tal, Kadi, District Mehsana of North Gujarat of Jasalpur Arogya Mandal, Jasalpur, Tal, Kadi, District Mehsana, North Gujarat, at the estimated cost of rupees thirty-four lakhs twenty-three thousand only as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1999-2000. [No. 10590/F. No. NC-29/98]