Exemption u/s 35AC - Central Government had specified for equipments, running of Ashirward Eye and General Hospital at Dehgam, Ahmedabad, Gujarat, by Vithalbhai Foundation, Purushotham Park, Dehgam, Ahmedabad, Gujarat-382 305, as an eligible project or scheme - 507(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for equipments, running of Ashirward Eye and General Hospital at Dehgam, Ahmedabad, Gujarat, by Vithalbhai Foundation, Purushotham Park, Dehgam, Ahmedabad, Gujarat-382 305, as an eligible project or scheme NOTIFICATION NO. 507(E) DATED 26-5-2000 Whereas by notification of the Government of India in the Ministry of Finance Number S. O. 206(E), dated 17th March, 1997, 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 15, equipments, running of Ashirward Eye and General Hospital at Dehgam, Ahmedabad, Gujarat, by Vithalbhai Foundation, Purushotham Park, Dehgam, Ahmedabad, Gujarat-382 305, as an eligible project or scheme for a period of three years beginning with the 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 equipments, running of Ashirward Eye and General Hospital at Dehgam, Ahmedabad, Gujarat, which is being carried out by Vithalbhai Foundation, Purushotham Park, Dehgam, Ahmedabad, Gujarat-382 305, at the estimated cost of rupees seventy-one lakhs fifty nine thousand only, as an eligible project or scheme for a further period of three years beginning with the assessment year 2000-2001. [No. 11390/F. No. NC-37/2000]