Exemption u/s 35AC - Central Government had specified at serial number 8, construction of building, purchase of equipments and running of hospital at Vaso, Nadiad, by Vaso Arogya Mandal, Shri C.M. Shah General Hospital, Kheda, Gujarat, as an eligible project of scheme - 11243 - Income Tax

Exemption u/s 35AC - Central Government had specified at serial number 8, construction of building, purchase of equipments and running of hospital at Vaso, Nadiad, by Vaso Arogya Mandal, Shri C.M. Shah General Hospital, Kheda, Gujarat, as an eligible project of scheme NOTIFICATION NO. 11243 DATED 23-2-2000 Whereas by notification of the Government of India in the Ministry of Finance Number S.O. 862(E) dated the 12th December, 1997 [published at (1997) 143 CTR (St) 3001, 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 8, construction of building, purchase of equipments and running of hospital at Vaso, Nadiad, by Vaso Arogya Mandal, Shri C.M. Shah General Hospital, Kheda, Gujarat, as an eligible project of scheme for a period of three years beginning with assessment year 1998-99. 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 construction of building, purchase of equipments and running of hospital at Vaso, Nadiad, by Vaso Arogya Mandal, Shri C. M. Shah General Hospital, Kheda, Gujarat, at the estimated cost of rupees forty-two lakhs only, as an eligible project or scheme for a further period of three years beginning with the assessment year 2001-2002. [F No. NC-159/99]