Exemption u/s 35AC - Central Government had specified for construction, equipment, and running of Rural General Hospital at Chorwad, District Junagarh, Saurashtra, Gujarat of Kanta Laxmi Mohanlal Pathak Foundation, Mumbai as an eligible project or scheme - S. O. 428(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for construction, equipment, and running of Rural General Hospital at Chorwad, District Junagarh, Saurashtra, Gujarat of Kanta Laxmi Mohanlal Pathak Foundation, Mumbai as an eligible project or scheme NOTIFICATION NO. S. O. 428 ( E ) DATED 19-5-1998 Whereas by Notification Number 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 6, construction, equipment, and running of Rural General Hospital at Chorwad, District Junagarh, Saurashtra, Gujarat of Kanta Laxmi Mohanlal Pathak Foundation, 1504, Dalamal Chambers, 29, New Marine Lines, Mumbai-400 020 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 construction, equipment, and running of Rural General Hospital at Chorwad, District Junagarh, Saurashtra, Gujarat of Kanta Laxmi Mohanlal Pathak Foundation, 1504, Dalamal Chambers, 29, New Marine Lines, Mumbai-400 020, at the estimated cost of rupees one hundred nine lakhs only as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1999-2000. [No. 10605/F. No. NC-29/98]