Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for construction of building, equipment, furnishing and running of Hospital and Research Centre at Hojai, Assam by Haji Abdul Majid Memorial Public Trust - 118/2007 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for construction of building, equipment, furnishing and running of Hospital and Research Centre at Hojai, Assam by Haji Abdul Majid Memorial Public Trust NOTIFICATION NO. 118/2007, DATED 29-3-2007 S.O.481(E) - Whereas by notification of the Government of India in the Ministry Finance (Department of Revenue), number S.O. 591(E) dated the 20 th August, 1997, issued under sub-section (1) read with 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 13, for construction of building, equipment, furnishing and running of Hospital and Research Centre at Hojai, District Nagaon, Assam by Haji Abdul Majid Memorial Public Trust, P.O. Hojai, Village Gopal Nagar, District-Nagaon, Assam-782435, as an eligible project or scheme for a period of three years beginning with assessment year 1998-99 which was extended further vide notification number S.O.1030(E), dated the 17 th November, 2000 for a period of three years beginning with assessment year 2001-02 and which was extended further vide notification number S.O.378(E), dated the 19 th March, 2004 for a period of three years beginning with financial year 2003-04; And whereas the said project or scheme is likely to extend beyond nine years; AND WHEREAS the National Committee for Promotion of Social and Economic Welfare, 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 for construction of building, equipment, furnishing and running of Hospital and Research Centre at Hojai, District Nagaon, Assam, which is being carried out by Haji Avdul Majid Memorial Public Trust, P.O. Hojai, Village Gopal Nagar, District-Nagaon, Assam-782435, without any change in the approved cost of ₹ 7593.00 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2006-07. [F.No.NC-274/3/2007]