Exemption u/s 35AC - Central Government had specified for equipments instruments and running of Netra Chikitsalaya by Sadvichar Samiti Nadiad, Nadiad, District-Kheda, Gujarat, as an eligible project or scheme - 11297 - Income Tax

Exemption u/s 35AC - Central Government had specified for equipments instruments and running of Netra Chikitsalaya by Sadvichar Samiti Nadiad, Nadiad, District-Kheda, Gujarat, as an eligible project or scheme NOTIFICATION NO. 11297 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, 1997 (published at (1997) 140 CTR (St) 1] 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 9, equipments instruments and running of Netra Chikitsalaya at Nadiad, District-Kheda, Gujarat, by Sadvichar Samiti Nadiad, Nadiad-387001, District-Kheda, Gujarat, 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 equipments, instruments and running of Netra Chikitsalaya at Nadiad, District-Kheda, Gujarat, which is being carried out by Sadvichar Samiti Nadiad, Nadiad-387001, District-Kheda, Gujarat, at the estimated cost of rupees one crore fortythree lakhs twenty-five thousand only, as an eligible project or scheme for a further period of three years beginning with assessment year 2001-2002, [F. No. NC-159-99]