Exemption u/s 35AC - Central Government had specified for maintenance and running of Cardiology Department; repairs/renewals in the hospital as a whole; Phase 2nd & 3rd of ENT Department and its maintenance, by Sri Sathya Sai Medical Trust, Andhra Pradesh, as an eligible project or scheme - 11306 - Income Tax

Exemption u/s 35AC - Central Government had specified for maintenance and running of Cardiology Department; repairs/renewals in the hospital as a whole; Phase 2nd 3rd of ENT Department and its maintenance, by Sri Sathya Sai Medical Trust, Andhra Pradesh, as an eligible project or scheme NOTIFICATION NO. 11306 DATED 29-3-2000 Whereas by notification of the Government of India in the Ministry of Finance number S.O. 64(E), dated the 30th January, 1995 [published at (1995) 123 CTR (St) 18] issued under clause ( b ) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified ( a ) maintenance and running of Cardiology Department; ( b ) repairs/renewals in the hospital as a whole; ( c ) Phase 2nd 3rd of ENT Department and its maintenance, by Sri Sathya Sai Medical Trust, Prasanthi Nilayam, District---Anantapur, Andhra Pradesh-515134, as an eligible project or scheme for a period of three years beginning with assessment year 1995-96, which was extended vide S. O. 268(E), dated 27th March, 1997 [published at (1997) 139 CTR (St) 14] for a period of three more years beginning with assessment year 199899; 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) 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 ( a ) maintenance and running of Cardiology Department; ( b ) repairs/renewals in the hospital as a whole; ( c ) Phase 2nd 3rd of ENT Department and its maintenance, which is being carried out by Sri Sathya Sai Medical Trust, Prasanthi Nilayam, District-Anantapur, Andhra Pradesh-515134, at the estimated cost of rupees fifteen crore twenty-seven lakhs, as an eligible project or scheme for a further period of three years beginning with assessment year 2001-2002. [F. No. NC-5/2000]