SECTION 35AC OF THE INCOME-TAX ACT, 1961 - ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON - NOTIFIED ELIGIBLE PROJECTS OR SCHEMES - 261/2003- S.O. 1249(E) - Income Tax

SECTION 35AC OF THE INCOME-TAX ACT, 1961 - ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON - NOTIFIED ELIGIBLE PROJECTS OR SCHEMES NOTIFICATION NO. 261/2003 DATED 30-10-2003 S.O. 1249(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 850(E) dated the 21st September, 2000, 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 1, for project for free treatment for cancer patients at New Civil Hospital Campus,. Asarvwa, Ahmedabad-380016, Gujarat, by The Gujarat Cancer Society, New Civil Hospital Campus, Asarwa, Ahmedabad-380016, 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 three years; And whereas the National Committee for Promotion of Social and Economic Welfare being satisfied that the said project or scheme is 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 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 35 AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project for project for free treatment forcancel patients at New Civil Hospital Campus, Ahemadabad -380016, Gujarat, which is being carried out by The Gujarat Cancer Society, New Civil Hospital Campus, Asarwa, Ahmedabad-380016 Gujarat at the estimated cost of rupees six crores eleven lakhs 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)