Exemption u/s 35AC - Central Government had specified for construction of indoor ward in Hospital, Balwadi, irrigation tanks and equipments and vehicles for hospital by Seva Mandal Meghraj, Gujarat, as an eligible project or scheme - 11296 - Income Tax

Exemption u/s 35AC - Central Government had specified for construction of indoor ward in Hospital, Balwadi, irrigation tanks and equipments and vehicles for hospital by Seva Mandal Meghraj, Gujarat , as an eligible project or scheme NOTIFICATION NO. 11296 DATED 29-3-2000 Whereas by notification of the Government of India in the Ministry of Finance number S.O. 388(E), dated the 19th May, 1994 [published at (1997) 140 CTR (St) 1] issued under clause ( b ) to 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 indoor ward in Hospital, Balwadi, irrigation tanks and equipments and vehicles for hospital at Village Kasna, District Sabarkantha, Gujarat, by Seva Mandal Meghraj, P.O. Kasna, District-Sabarkantha, Gujarat-383350, as an eligible project or 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 indoor ward in hospital, Balwadi, irrigation tanks and equipments and vehicles for hospital at Village Kasna, District Sabarkantha, Gujarat, which is being carried out by Seva Mandal Meghraj, P.O. Kasna, District Sabarkantha, Gujarat-383350, at the estimated cost of rupees forty-five lakhs fifty-nine thousand only as an eligible project or scheme for a further period of three years beginning with assessment year 2001-2002. [F. No. NC-5 2000]