Exemption u/s 35AC - Central Government had specified for Health for all comprising running of 50 beded hospital, general dispensary, child and mother care centre, T. B. Clinic of Shree Bidada Sarvodaya Trust, Mumbai as an eligible project or scheme - S. O. 430(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for Health for all comprising running of 50 beded hospital, general dispensary, child and mother care centre, T. B. Clinic of Shree Bidada Sarvodaya Trust, Mumbai as an eligible project or scheme NOTIFICATION NO. S. O. 430 ( E ) DATED 19-5-1998 Whereas by Notification Number S. O. 740(E), dated 12th October, 1994 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 5, Health for all comprising running of 50 beded hospital, general dispensary, child and mother care centre, T. B. Clinic and conducting medical camps of Pneumatic heart diseases at Village Bidada, Taluka Mandvi of Kutch, Gujarat of Shree Bidada Sarvodaya Trust, C/o Laxmichand Vishaji Rambhai, Plot No. 62, Dattashram, 2nd Floor, Sir Bhalchandra Road, Hindu Colony, Road No. 2, Dadar (C. R.), Mumbai-400 014 as an eligible project or scheme for a period of two years beginning with the assessment year 1995-96 which was further extended for two more years, i.e., assessment years 1997-98 and 1998-99, vide S. O. 215(E), dated 19th March, 1996; And whereas the said project or scheme is likely to extend beyond four 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 Health for all comprising running of 50 bedded hospital, general dispensary, child and mother care centre, T. B. Clinic and conducting medical camps of Pneumatic heart diseases at Village Bidada, Taluka Mandvi of Kutch, Gujarat of Shree Bidada Sarvodaya Trust, C/o Laxmichand Vishaji Rambhai, Plot No. 62, Dattashram, 2nd Floor, Sir Bhalchandra Road, Hindu Colony, Road No. 2, Dadar (C. R.), Mumbai-400 014, at the estimated cost of rupees one crore eighty-seven lakhs seventy one thousand only as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1999-2000. [No. 10607/F. No. NC-29/98]