Exemption u/s 35AC - Central Government had specified for construction of Ayodhya Charitable Trust's General Hospital at Pune, by Ayodhya Charitable Trust's General Hospital, Pune, as an eligible project or scheme - S.O. 165(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for construction of Ayodhya Charitable Trust's General Hospital at Pune, by Ayodhya Charitable Trust's General Hospital, Pune, as an eligible project or scheme NOTIFICATION NO. S.O. 165(E) DATED 23-2-2000 Whereas by notification of the Government of India in the Ministry of Finance Number S.O. 602(E), dated the 12th August, 1993, 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 5, construction of Ayodhya Charitable Trust's General Hospital at Pune, by Ayodhya Charitable Trust's General Hospital, Wanowire Village, Pune-411 002, as an eligible project or scheme for a period of three years beginning with the assessment year 1994-95, which was extended vide S.O. No. 257(E), dated 27th March, 1997, by a period of three more years beginning with assessment year 1997-98. And whereas the said project or scheme is likely to extend beyond six 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) or 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 Ayodhya Charitable Trust's General Hospital, at Pune, which is being carried out by Ayodhya Charitable Trust's General Hospital, Wanowire Village, Pune-411 002, at the estimated cost of rupees eighty nine lakhs twenty five thousand only, as an eligible project or scheme for a further period of three years beginning with the assessment year 2000-2001. [No. 11251/F.No. NC-159/99]