Exemption u/s 35AC - Central Government had specified for detection, prevention research and education; diagnosis, curing and operation to heart patients; maintaining of Atithi Griha; at Mumbai in Maharashtra, by Mahavir Heart Research Foundation, Mumbai, as an eligible project or scheme - 11198 - Income Tax

Exemption u/s 35AC - Central Government had specified for detection, prevention research and education; diagnosis, curing and operation to heart patients; maintaining of Atithi Griha; at Mumbai in Maharashtra, by Mahavir Heart Research Foundation, Mumbai, as an eligible project or scheme NOTIFICATION NO. 11198 DATED 4-1-2000 S. O. 18(E) - Whereas by notification of the Government of India in the Ministry of Finance number S.O. 469(E) dated the 2nd July, 1996 [published at (1996) 133 CTR (St) 46] 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 8-( a ) detection, prevention research and education; ( b ) diagnosis, curing and operation to heart patients; ( c ) maintaining of Atithi Griha; at Mumbai in Maharashtra, by Mahavir Heart Research Foundation, Sion (East), Mumbai, 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 (a) detection, prevention, research and education ; (b) diagnosis, curing and operation to heart patients ; (c) maintaining of Atithi Griha ; at Mumbai in Maharashtra, which is being carried out by Mahavir Heart Research Foundation, Sion (East), Mumbai, at the estimated cost of rupees three crore fifteen lakhs eighty five 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]