Exemption u/s 35AC - Central Government had specified medical treatment, medicines, food to needy patients, books, educational kids, uniforms and scholarship for needy students and other social welfare activities of Sanjivani Trust, Mumbai as an eligible project or scheme - S. O. 213(E) - Income Tax

Exemption u/s 35AC - Central Government had specified medical treatment, medicines, food to needy patients, books, educational kids, uniforms and scholarship for needy students and other social welfare activities of Sanjivani Trust, Mumbai as an eligible project or scheme NOTIFICATION NO. S. O. 213 ( E ) DATED 1-4-1999 Whereas by Notification No. S. O. 180(E), dated 10th March, 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 22, medical treatment, medicines, food to needy patients, books, educational kids, uniforms and scholarship for needy students and other social welfare activities for the people of Sanjivani Trust, Everest, A/1-2, 2nd Floor, 156, Tardeo Road, Mumbai-400 034, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98. 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 the scheme or project of medical treatment, medicines, food to needy patients, books, educational kids, uniforms and scholarship for needy students and other social welfare activities for the people, which are being carried out by Sanjivani Trust, Everest, A/1-2, 2nd Floor, 156, Tardeo Road, Mumbai-400 034, at the estimated cost of rupees seventy-four lakhs plus a corpus fund of rupees twenty-five lakhs only as an eligible project or scheme for a further period of three assessment years commencing from assessment year 2000-2001. [No. 10845/F. No. NC-1/99]