Exemption u/s 35AC - Central Government had specified for running of VizhiagamRuralEyeHospital at Salaigramam, District PMT, Tamilnadu, by Helen Keller Service Society for the Blind, Madurai, as an eligible project or scheme - S.O.914(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for running of Vizhiagam Rural Eye Hospital at Salaigramam, District PMT, Tamilnadu, by Helen Keller Service Society for the Blind, Madurai , as an eligible project or scheme NOTIFICATION NO. S.O.914(E) DATED 20-9-2001 Whereas by notification of the Government of India in the Ministry of Finance No. S.O. 862(E), dated the 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 17, for running of Vizhiagam Rural Eye Hospital at Salaigramam, District PMT, Tamilnadu, by Helen Keller Service Society for the Blind, Vizhiagam, Viswanathpuram, Madurai-625 014, as an eligible project or scheme for a period of three years beginning with the assessment year 1998-1999; 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 running of Vizhiagam Rural Eye Hospital at Salaigramam, District PMT, Tamilnadu, which is being carried out by Helen Keller Service Society for the Blind, Vizhiagam, Viswanathpuram, Madurai-625 014, at the estimated cost of rupees forty two lakhs only, as an eligible project or scheme for a further period of three years commencing from the assessment year 2001-2002. [No. 285-2001-F. No. N.C-83-2001]