Exemption u/s 35AC of the Income-tax Act, 1961, the Central Govt. had specified for Construction of Phase I of Bhagwan Mahaveer Cancer Hospital and Research Centre at Jawaharlal Nehru Marg, Jaipur, by Bhagwan Mahaveen Cancer Hospital & Research Centre as an eligible project or scheme - 238/2006 - Income Tax

Exemption u/s 35AC of the Income-tax Act, 1961, the Central Govt. had specified for Construction of Phase I of Bhagwan Mahaveer Cancer Hospital and Research Centre at Jawaharlal Nehru Marg, Jaipur, by Bhagwan Mahaveen Cancer Hospital Research Centre as an eligible project or scheme NOTIFICATION NO. 238/2006, DATED 4-9-2006 S.O. 1420(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 740(E), dated the 12th October, 1994, 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 10, for Construction of Phase I of Bhagwan Mahaveer Cancer Hospital and Research Centre at Jawaharlal Nehru Marg, Jaipur, Rajasthan by Bhagwan Mahaveen Cancer Hospital Research Centre, Journal House, A-95, Janta Colony, Jaipur, Raj asthan-302004, as an eligible project or scheme for a period of two years beginning with assessment year 1995-1996 which was extended further vide Notification Number S.O.235(E), dated the 21st March, 1996 for a period of two years beginning with assessment year 1997-98 ? which was extended further vide Notification Number S.O. 210(E), dated the 16th March, 1998 for a period of two years beginning with Assessment Year 1999-2000 which was extended further vide Notification Number S.O. 867(E), dated the 21st September, 2000 for a period of two years beginning with Assessment Year 2001-02 which was extended further vide Notification Number S.O. 1123(E), dated the 24th October, 2002 for a period of two years beginning with Assessment Year 2003-04 and which was extended further vide Notification Number S.O. 895(E), dated the 5thAugust, 2003 for a period of three years beginning with Assessment Year 2003-04; And whereas by Notification Number S.O. 867(E), dated the 21st September, 2000 the estimated cost was enhanced from Rs. 1380.00 lakhs to Rs. 1726.00 lakhs and which was further-enhanced vide Notification No. S.O.895(E), 5th August, 2003 from Rs. 1726.00 lakhs to Rs. 2676.00 lakhs; And whereas the said project or scheme is likely to extend beyond thirteen 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 Phase I of Bhagwan Mahaveer Cancer Hospital and Research Centre at Jawaharlal Nehru Marg, Jaipur, Rajasthan which is being carried out by Bhagwan Mahaveen Cancer Hospital and Research Centre, Journal House, A-95, Janta Colony, Jaipur, Raj asthan-302004, without any change in the approved cost of Rs. 2676.00 lakhs, as an eligible project or scheme for a further period of two years commencing from the financial year 2006-07. [F. No. NC-274/2/2006]