Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Construction of 76 Bed Multi Speciality Hospital by Lakulish International Fellowship's Enlightenment (LIFE) Mission as an eligible project or scheme - 027/2006- S.O. 158(E) - Income Tax

Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Construction of 76 Bed Multi Speciality Hospital by Lakulish International Fellowship's Enlightenment (LIFE) Mission as an eligible project or scheme NOTIFICATION NO. 27/2006, DATED 3-2-2006 S.O. 158(E) .- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.232(E) dated the 24 th February, 2004, issued under sub-section (1) read with clause (b) of the Explanation to section 35 AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 4, for Construction of 76 Bed Multi Speciality Hospital by Lakulish International Fellowship's Enlightenment (LIFE) Mission, Block A, Second Floor, RBG Complex, Bahucharaji Road, Karelibag, Vadodara-390018, as an eligible project or scheme for a period of two years beginning with assessment year 2003-2004; And whereas the said project or scheme is likely to extend beyond two 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 two years; Now, therefore, the Central Government, in exercise of the powers conferred by subsection (1) read with clause (b) of the Explanation to section 35 AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project for Construction of 76 Bed Multi Speciality Hospital which is being carried out by Lakulish International Fellowship's Enlightenment (LIFE) Mission, Block A, Second Floor, RBG Complex, Bahucharaji Road, Karelibag, Vadodara-390018, without any change in the approved estimated cost i.e. ₹ 260.63 lakhs, as an eligible project or scheme for a further period of two years commencing from the financial year 2005-2006.