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Section 35AC of the Income-Tax Act, 1961 - Eligible Projects Schemes, Expenditure On - Notified Eligible Projects Or Schemes - 256/2003 - S.O. 1244 (E) - Income TaxExtract NOTIFICATION NO. 256/2003 DATED 30-10-2003 Section 35AC of the Income-Tax Act, 1961 - Eligible Projects Schemes, Expenditure On - Notified Eligible Projects Or Schemes S.O. 1244(E) -Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.839(E) dated the 22nd November, 1994, issued under sub-section (1) of 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, for construction of building of 80 beded General Hospital in an area of 16,449 Sq. ft with equipment and furniture, at Talab Tillo Road, Jammu, by BEE ENN Charitable Trust, Talab Tillo Road, Jammu - 180002, as eligible project or scheme for a period of three years beginning with assessment year 1995-96 which was extended for a further period of three years vide notification number S.0.214(E) dated 17th March, 1997, beginning with assessment year 1998-1999 and which was extended further vide notification number SO. 1029(E) dated 17th November, 2000 as an eligible project or scheme for a period of three years beginning with assessment year 2001 -2002, And whereas the said project or scheme is likely to extend beyond nine years. And whereas the National Committee for Promotion of Social and Economic Welfare, 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 of building of 80 beded General Hospital in an area of 16,449 Sq. ft. with equipment and furniture, at Talab Tillo Road, Jammu, which is being carried out by BEE ENN Charitable Trust, Talab Tillo Road, Jammu -180002, at the estimated cost of rupees two crores thirty eight lakhs eighty eight thousand only, as an eligible project or scheme for a further period of three years commencing from the assessment year 2004-2005. (F. NO. NC-224/2003)]
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