Exemption u/s 35AC - Central Government had specified for running of PolioHospital, Rehabilitation and Research Centre by Narayan Seva Sansthan, "Seva Dham", Rajasthan, as an eligible project or scheme - 508(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for running of Polio Hospital , Rehabilitation and Research Centre by Narayan Seva Sansthan, "Seva Dham", Rajasthan, as an eligible project or scheme NOTIFICATION NO. 508(E) DATED 26-5-2000 Whereas by notification of the Government of India in the Ministry of Finance Number S. O. 862(E), dated 12th December, 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 2, running of Polio Hospital, Rehabilitation and Research Centre at Hiran Magri, Sector-4, Udaipur, Rajasthan, by Narayan Seva Sansthan, "Seva Dham", 483, Hiran Magri, Sector-4, Udaipur, Rajasthan, as an eligible project or scheme for a period of three years beginning with the 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 running of Polio Hospital, Rehabilitation and Research Centre at Hiran Magri, Sector-4, Udaipur, Rajasthan, which is being carried out by Narayan Seva Sansthan, "Seva Dham", 483, Hiran Magri, Sector-4, Udaipur, Rajasthan, at the estimated cost of rupees two crore ninety-one lakhs plus a corpus fund of rupees two crore only, as an eligible project or scheme for a further period of three years beginning with the assessment year 2001-2002. [No. 11391/F. No. NC-37/2000]