Exemption u/s 35AC - Central Government had specified for construction of building for Cobalt Therapy Unit at M.B.S.Hospital Campus, Kota, Rajasthan of Kota Cancer Society, Kota as an eligible project or scheme - S. O. 838(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for construction of building for Cobalt Therapy Unit at M.B.S.Hospital Campus, Kota, Rajasthan of Kota Cancer Society, Kota as an eligible project or scheme NOTIFICATION NO. S. O. 838 ( 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 1, construction of building for Cobalt Therapy Unit at M. B. S. Hospital Campus, Kota, Rajasthan of Kota Cancer Society, 196, Civil Lines, opposite M. B. S. Hospital, Kota-324 001, as an eligible project or scheme for a period of one year, i.e., assessment year 1997-98 which was extended by one year, i.e., assessment year 1998-99 vide S. O. 592(E), dated 20th August, 1997; And whereas the said project or scheme is likely to extend beyond two 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 one year; 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 for Cobalt Therapy Unit at M. B. S. Hospital Campus, Kota, Rajasthan of Kota Cancer Society, 196, Civil Lines, opposite M. B. S. Hospital, Kota-324 001 at the estimated cost of rupees fifteen lakhs only as an eligible project or scheme for a further period of one assessment year, i.e., assessment year 1999-2000. [No. 10704/F. No. NC-92/98]