Exemption u/s 35AC - Central Government had specified for construction, furnishing, equipments of BalaSaiBabaHospital and Research Centre by Bhagwan Sri Bala Sai Baba Central Trust, Andhra Pradesh, as an eligible project or scheme - 11300 - Income Tax

Exemption u/s 35AC - Central Government had specified for construction, furnishing, equipments of Bala Sai Baba Hospital and Research Centre by Bhagwan Sri Bala Sai Baba Central Trust, Andhra Pradesh, as an eligible project or scheme NOTIFICATION NO. 11300 DATED 29-3-2000 Whereas by notification of the Government of India in the Ministry of Finance number S.O. 180(E) dated the 10th March, 1997 [published at (1997) 138 CTR (St) 201] 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 14, construction, furnishing, equipments of Bala Sai Baba Hospital and Research Centre at Munugalapadu, Kurnool District, Andhra Pradesh, by Bhagwan Sri Bala Sai Baba Central Trust, Sree Nilayam, Kurnool-518001, Andhra Pradesh, as an eligible project or scheme for a period of three years beginning with 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, furnishing, equipments of Bala Sai Baba Hospital and Research Centre at Munugalapadu, Kurnool District, Andhra Pradesh, which is being carried out by Bhagwan Sri Bala Sai Baba Central Trust, Sree Nilayam, Kurnool-518001, Andhra Pradesh, at the estimated cost of rupees four crore ninty-two lakhs as an eligible project or scheme for a further period of three years beginning with assessment year 2000-2001. [F. No. NC-5/2000]