Exemption u/s 35AC - Central Government had specified for construction of Eye Care Centre in Jodhpur district of Rajasthan, by Smt. Tarabai Desai Charitable Opthalmic Trust, Shastri Nagar, Jodhpur, Rajasthan, as an eligible project or scheme - 11195 - Income Tax

Exemption u/s 35AC - Central Government had specified for construction of Eye Care Centre in Jodhpur district of Rajasthan, by Smt. Tarabai Desai Charitable Opthalmic Trust, Shastri Nagar, Jodhpur, Rajasthan, as an eligible project or scheme NOTIFICATION NO. 11195 DATED 4-1-2000 S. O. 15(E) - Whereas by notification of the Government of India in the Ministry of Finance, number S.O. 887(E) dated the 22nd November, 1993 [published at (1993) 115 CTR (St) 94], 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 1 construction of Eye Care Centre in Jodhpur district of Rajasthan, by Smt. Tarabai Desai Charitable Opthalmic Trust, Shastri Nagar, Jodhpur, Rajasthan, as an eligible project or scheme for a period of two years beginning with assessment year 1994-95, which was extended vide S.O. 725(E) dated 17th August, 1995 for a period of three more years beginning with assessment year 1996-97. And whereas the said project or scheme is likely to extend beyond five 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 construction of eye care centre in Jodhpur District of Rajasthan, which is being carried out by Smt. Tarabai Desai Charitable Opthalmic Trust, Shastri Nagar, Jodhpur, Rajasthan, at the estimated cost of rupees one crore eight lakhs thirty two thousand only, as an eligible project or scheme for a further period of three years beginning with the assessment year 2000-2001. [F.No. NC 136/99]