Exemption u/s 35AC - Central Government had specified for construction, purchase of equipments and furnishing of a 50 bed hospice for the care of the terminally ill cancer patients by Bangalore Hospice Trust, Bangalore, as an eligible project or scheme - S.O. 156(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for construction, purchase of equipments and furnishing of a 50 bed hospice for the care of the terminally ill cancer patients by Bangalore Hospice Trust, Bangalore, as an eligible project or scheme NOTIFICATION NO. S.O. 156(E) DATED 23-2-2000 Whereas by notification of the Government of India in the Ministry of Finance Number S.O. 180(E), dated 10th March, 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, construction, purchase of equipments and furnishing of a 50 bed hospice for the care of the terminally ill cancer patients at Bangalore, Karnataka, by Bangalore Hospice Trust, c/o. Indian Cancer Society, HAL, Bangalore-560075, as an eligible project or scheme for a period of three years beginning with the 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 construction, purchase of equipments and furnishing of a 50 bed hospice for the care of the terminally ill cancer patients at Bangalore, Karnataka, which is being carried out by Bangalore Hospice Trust, c/o. Indian Cancer Society, HAL, Bangalore-560075, at the estimated cost of rupees two crore seventy-one 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. 11242/F.No. NC-159/99]