Exemption u/s 35AC - Central Government had specified for additional construction, equipments, medical camps and running of Sheth Kasturbhai Lalbhai Hospital by Gyanmandal Laxmipura Group Prerit Arogya Mandal, Gujarat, as an eligible project or scheme - S.O. 752(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for additional construction, equipments, medical camps and running of Sheth Kasturbhai Lalbhai Hospital by Gyanmandal Laxmipura Group Prerit Arogya Mandal, Gujarat, as an eligible project or scheme NOTIFICATION NO. 11072 DATED 10-9-1999 Whereas by notification of the Government of India in the Ministry of Finance number S.O. 180(E) dated the 10th March, 1997 [published at (1997) 138 CTR (St) 201], 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 10 additional construction, equipments, medical camps and running of Sheth Kasturbhai Lalbhai Hospital at Laxmipura, Taluk Khedbrahma, Sabarkantha District, Gujarat, by Gyanmandal Laxmipura Group Prerit Arogya Mandal, P.O. Laxmipura, Taluk-Khedbrahma, Distt. Sabarkantha, Gujarat---383275, 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 additional construction, equipments, medical camps and running of Sheth Kasturbhai Lalbhai Hospital at Laxmipura, Taluk Khedbrahma, Sabarkantha District, Gujarat, which is being carried out by Gyanmandal Laxmipura Group Prerit Arogya Mandal, P.O. Laxmipura, Taluk-Khedbrahma, Distt. Sabarkantha, Gujarat---383275, at the estimated cost of rupees twenty-two lakhs eighty-five thousand only as an eligible project or scheme for a further period of three years commencing from the assessment year 2000-2001. [F. No. NC-91/99]