Exemption u/s 35AC - Central Government had specified for purchase of equipments-instrurnents-vehicles and running of blood bank and eye bank by Mehsana Jaycees Charitable Trust, North Gujarat, as an eligible project or scheme - S.O.547(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for purchase of equipments-instrurnents-vehicles and running of blood bank and eye bank by Mehsana Jaycees Charitable Trust, North Gujarat , as an eligible project or scheme NOTIFICATION NO. S.O.547(E) DATED 20-6-2001 Whereas by notification of the Government of India in the Ministry of Finance No. S.O. 832(E), dated the 18th September, 19982, issued under clause ( b ) of the Explanation to section 3 5AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 8, for purchase of equipments-instrurnents-vehicles and running of blood bank and eye bank at Mehsana, North Gujarat, by Mehsana Jaycees Charitable Trust, Jail Road, Mehsana, North Gujarat-384002, as an eligible project or scheme for a period of three years beginning with the assessment year 1999-2000; And whereas the said project or scheme is likely to extend beyond three, years; And whereas the National Committee has, 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 purchase of equipments-instruments-vehicles and running of blood bank and eye bank at Mehsana, North Gujarat, which is being carried out by Mehsana Jaycees Charitable Trust, Jail Road, Mehsana, North Gujarat-384002, at the estimated cost of rupees twenty lakhs ninety four thousand plus a corpus fund of rupees ten lakhs only, as an eligible project or scheme for a further period of three years beginning with the assessment year 2002-2003. [No. 161-2001-F. No. N.C. 61-2001]