Exemption u/s 35AC - Central Government had specified The Poona Blind Men's Association 50-bed eye hospital at Mohammedwadi, Off Hadapsar Taluk, Haveli, of The Poona Blind Men's Association, Pune Maharashtra as an eligible project or scheme - S. O. 836(E) - Income Tax

Exemption u/s 35AC - Central Government had specified The Poona Blind Men's Association 50-bed eye hospital at Mohammedwadi, Off Hadapsar Taluk, Haveli, of The Poona Blind Men's Association, Pune Maharashtra as an eligible project or scheme NOTIFICATION NO. S. O. 836 ( E ) DATED 18-9-1998 Whereas by Notification Number S. O. 713(E), dated 8th August, 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 8, The Poona Blind Men's Association 50-bed eye hospital at Mohammedwadi, Off Hadapsar Taluk, Haveli, District Pune, Maharashtra of The Poona Blind Men's Association, 82, Rasta Peth, Pune-411 011, Maharashtra, 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 scheme or project of The Poona Blind Men's Association, 50-bed eye hospital at Mohammedwadi, Off Hadapsar Taluk Haveli, District Pune, Maharashtra of the Poona Blind Men's Association, 82, Rasta Peth, Pune-411 011, Maharashtra, at the estimated cost of rupees six hundred sixty-eight lakhs seventy thousand only as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1999-2000. [No. 10702/F. No. NC-92/98]