Exemption u/s 35AC - Central Government had specified the project of scheme for Maintenance for P.H.Bhagwati Sarbajanik Hospital at Jasalpur by Jasalpur Arogya Mandal as an eligible project or scheme - 032/2005 - Income Tax

Exemption u/s 35AC - Central Government had specified the project of scheme for Maintenance for P.H.Bhagwati Sarbajanik Hospital at Jasalpur by Jasalpur Arogya Mandal as an eligible project or scheme NOTIFICATION No. 32/2005, Dated 2-2-2005 S.O. 133(E). Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.92(E) dated the 2nd February, 1996, issued under 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 9, the project of scheme for Maintenance for P.H. Bhagwati Sarbajanik Hospital at Jasalpur, Tal. Kadi District Mehsana of North Gujarat, by Jasalpur Arogya Mandal, Jasalpur, Tal. Kadi, District Mehsana, North Gujarat at the estimated cost of rupees thirty four lakhs twenty three thousand only as an eligible project or scheme for a period of three years beginning with assessment year 1996-1997 which was extended further vide notification number SO 406(E) dated the 15th May, 1998 for a period of three years beginning with assessment year 1999-2000 and which was extended further vide notification number S.O. 916(E) dated the 20th September, 2001 for a period of three years beginning with assessment year 2002-2003; 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 Maintenance for P H Bhagwati Sarbajanik Hospital at Jasalpur, Tal. Kadi District Mehsana of North Gujarat, which is being carried out by Jasalpur Arogya Mandal, Jasalpur, Tal Kadi, District Mehsana, North Gujarat, without, change in the approved cost as an eligible project or scheme for a further period of three years commencing from the financial year 2004-2005. [F. No. NC-270/408/2004]