Exemption u/s 35AC - Central Government had specified for maintenance of S.J.PatelSarvajanikHospital by Gramya Vikas Mandal, Gujarat, as an eligible project or scheme - Amendment in Notification No. S.O. 791(E), dated the 18th September, 1995 - S.O.548(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for maintenance of S.J.PatelSarvajanikHospital by Gramya Vikas Mandal, Gujarat, as an eligible project or scheme - Amendment in Notification No. S.O. 791(E), dated the 18th September, 1995 NOTIFICATION NO. S.O.548(E) DATED 20-6-2001 Whereas by notification of the Government of India in the Ministry of Finance No. S.O. 791(E), dated the 18th September, 1995, as amended by S.O. 863(E), dated 12th December, 1997, issued under 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 6, for maintenance of S.J. Patel Sarvajanik Hospital at Paliad, Tal. Kalol, District Mehsana, Gujarat, by Gramya Vikas Mandal, Paliad, At and P.O. Paliad, Tal. Kalol (NG), District Mehsana, Gujarat, as an eligible project or scheme for a period of three years beginning with the assessment year 1996-97 which was extended further vide Notification Number S. 0. 863(E), dated the 12th December, 19971, 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 six years; And whereas the National Committee has, being satisfied that the 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 and amending the project cost from ₹ 25 lakhs to ₹ 41.50 lakhs; 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),-- ( a ) hereby specifies the scheme or project of maintenance of S. J. Patel Sarvajanik Hospital at Paliad, Tal. Kalol, District Mehsana, Gujarat, which is being carried out by Gramya Vikas Mandal, Paliad, At and P.O. Paliad, Tal. Kalol (NG), District Mehsana, Gujarat, as an eligible project or scheme for a further period of three years beginning with the assessment year 2002-2003; and ( b ) further amends the said Notification No. S.O. 791(E), dated the 18th September, 19952, to the following effect, namely:-- In the said notification, in the table against serial number 6, in column (4) relating to maximum cost for which allowed, for the letters, figures and word ₹ 10.66 lakhs the letters, figures and word ₹ 41.50 lakhs shall be substituted. [No. 162-2001-F. No. N.C. 61-2001]