Exemption u/s 35AC the C. G. had specified Purchase of equipments by Shri Chandracharya Dharmarth Chikitsalaya Trust - 299/2006 - Income Tax

Exemption u/s 35AC the C. G. had specified Purchase of equipments by Shri Chandracharya Dharmarth Chikitsalaya Trust NOTIFICATION No. 299/2006, dated 26-10-2006 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 901(E), dated the 20th September, 2001, 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 14, for Purchase of equipments, van, ambulance, furnishing and running of medical services and research in herbal and ayurvedic medicines, diseases such as cancer, skin diseases etc. of Shri Chandracharya Charitable Hospital Research Centre at Amarkantak, District Shahdol (Madhya Pradesh), by Shri Chandracharya Dharmarth Chikitsalaya Trust, Amarkantak, District Shaldol (Madhya Pradesh), as an eligible project or scheme for a period of three years beginning with assessment year 2002-03 which was extended further vide notification number S.O.143(E), dated the 3rd February, 2006 for a period of one year beginning with financial year 2005-06 ; And whereas the said project or scheme is likely to extend beyond four 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 Purchase of equipments, van, ambulance, furnishing and running of medical services and research in herbal and ayurvedic medicines, diseases such as cancer, skin diseases etc. of Shri Chandracharya Charitable Hospital Research Centre at Amarkantak, District Shahdol (Madhya Pradesh) which is being carried out by Shri Chandracharya Dharmarth Chikitsalaya Trust, Amarkantak, District Shaldol (Madhya Pradesh), without any change in the approved cost of Rs. 227.72 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2006-07. [F. No. NC-274/03/2006]