Exemption u/s 35AC of the Income-tax Act, 1961 the Central govt. had specified for project for free treatment for cancer patients at New Civil Hospital Campus by Gujarat Cancer Society, Ahmedabad, notified as eligible project - 307/2006 - Income Tax

Exemption u/s 35AC of the Income-tax Act, 1961 the Central govt. had specified for project for free treatment for cancer patients at New Civil Hospital Campus by Gujarat Cancer Society, Ahmedabad, notified as eligible project NOTIFICATION NO. 307/2006, DATED 26-10-2006 S.O.1840(E) - Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 850(E), dated the 21st September, 2000, 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 1, for Project for free treatment for cancer patients at New Civil Hospital Campus, Asarwa, Ahmedabad-380016, Gujarat, by the Gujarat Cancer Society, New Civil Hospital Campus, Asarwa, Ahmedabad-380016, as an eligible project or scheme for a period of three years beginning with assessment year 2001-02 and which was extended further vide notification number S.O.1249(E), dated the 30th October, 2003 for a period of three years beginning with assessment year 2004-05; And whereas the said project or scheme is likely to extend beyond six 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 Project for the treatment for cancer patients at New Civil Hospital Campus, Asarwa, Ahmedabad-380016, Gujarat which is being carried out by the Gujarat Cancer Society, New Civil Hospital Campus, Asarwa, Ahmedabad-380016, without any change in the approved cost of ₹ 611.00 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2006-07. [F. No. NC-274/03/2006]