Exemption u/s 35AC - Central Government had specified for the Running of "Lifeline Express" the hospitals on wheels all over India on rail track of Indian Railways, by Impact India Foundation, Mumbai, as an eligible project or scheme - 11502 - Income Tax

Exemption u/s 35AC - Central Government had specified for the Running of "Lifeline Express" the hospitals on wheels all over India on rail track of Indian Railways, by Impact India Foundation, Mumbai, as an eligible project or scheme NOTIFICATION NO. 11502 DATED 21-9-2000 Whereas by notification of the Government of India in the Ministry of Finance number S.O. 698(E), dated the 3rd October, 1997 [published at (1997) 142 CTR (St) 60] 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 the Running of "Lifeline Express" ---the hospitals on wheels all over India on rail track of Indian Railways, by Impact India Foundation, C/o UNDP, Ravindra Mansion, Dinsha Vachha Road, Mumbai-400020, 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 subrule (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 "Lifeline Express"---the hospitals on wheels all over India on rail track of Indian Railways, which is being carried out by Impact India Foundation, C/o UNDP, Ravindra Mansion, Dinsha Vachha Road, Mumbai-400020, at the estimated cost of rupees one hundred ninety two lakhs fifty two thousand only, as an eligible project or scheme for a further period of three years beginning with assessment year 2001-2002. [F. No. NC-73/2000