Exemption u/s 35AC - Central Government had specified for purchase of medicines, equipments and ambulances and financial assistance to poor patients coming to hospitals by Maitri Mandal Trust, Mumbai, as an eligible project or scheme - S.O. 155(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for purchase of medicines, equipments and ambulances and financial assistance to poor patients coming to hospitals by Maitri Mandal Trust, Mumbai, as an eligible project or scheme NOTIFICATION NO. S.O. 155(E) DATED 23-2-2000 Whereas by notification of the Government of India in the Ministry of Finance Number S.O. 388(E), dated the 19th May, 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 16, purchase of medicines, equipments and ambulances and financial assistance to poor patients coming to hospitals at Mumbai, Maharashtra by Maitri Mandal Trust, c/o. Suresh R. Toprani, Malad (East), Mumbai, as an eligible project or scheme for a period of three years beginning with the assessment year 1998-99. And whereas the said project or schemes is likely to extend beyond three years; And whereas the National Committe 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 purchase of medicines, equipments and ambulance and financial assistance to poor patients coming to hospitals at Mumbai, Maharashtra, which is being carried out by Maitri Mandal Trust, c/o. Suresh R. Toprani, Malad (East), Mumbai, at the estimated cost of rupees eighty-five lakhs fifty thousand only, as an eligible project or scheme for a further period of three years beginning with the assessment year 2001-2002. [No. 11241/F.No. NC-159/99]