Exemption u/s 35AC - Central Government had specified for land development, construction, furnishing, installation of equipment and running of Palliative Care Centre at Pune, of Cipla Cancer and Aids Foundation Mumbai as an eligible project or scheme - S. O. 834(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for land development, construction, furnishing, installation of equipment and running of Palliative Care Centre at Pune, of Cipla Cancer and Aids Foundation Mumbai as an eligible project or scheme NOTIFICATION NO. S. O. 834 ( E ) DATED 18-9-1998 Whereas by Notification Number S. O. 92(E), dated 7th February, 1997, 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 7, land development, construction, furnishing, installation of equipment and running of Palliative Care Centre at Pune, Maharashtra of Cipla Cancer and Aids Foundation C/o Cipla Limited, Mumbai Central, Mumbai-400 001, as an eligible project or scheme for a period of three years beginning with the assessment year 1997-98; 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 enhancing the approved cost of the scheme to rupees seven hundred fifteen lakhs including a corpus fund of rupees five hundred lakhs; 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 scheme or project of land development, construction, furnishing, installation of equipment and running of Palliative Care Centre at Pune, Maharashtra of Cipla Cancer and Aids Foundation C/o Cipla Limited, Mumbai Central, Mumbai-400 001, at the estimated cost of rupees seven hundred fifteen lakhs only as an eligible project or scheme for a period of three assessment years commencing from the assessment year 1997-98. [No. 10700/F. No. NC-92/98]