Exemption u/s 35AC - Central Govt. had specified the Project of Ambulance Van and medicines for B.M.B. Sarvajanik Hospital by Shree Veda-Govindpura Sarvajanik Davakhanu as an eligible project or scheme - 034/2005 - Income Tax

Exemption u/s 35AC - Central Govt. had specified the Project of Ambulance Van and medicines for B.M.B. Sarvajanik Hospital by Shree Veda-Govindpura Sarvajanik Davakhanu as an eligible project or scheme NOTIFICATION NO. 34/2005, DATED 2-2-2005 S.O.135(E). Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.198(E) dated the 12 th March, 1998, 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 4, the project of scheme for Ambulance Van and medicines for B.M.B. Sarvajanik Hospital at Village Veda, Taluka Kalol, District Mehsana, Gujarat, by Shree Veda-Govindpura Sarvajanik Davakhanu, Village Veda, Taluka Kalol, Via - Nardipur, District Mehsana, North Gujarat-382735, at the estimated cost of rupees Seven lakhs Eighty seven thousand only, as an eligible project or scheme for a period of three years beginning with assessment year 1998-1999 which was extended further vide notification number S.O.511(E) dated the 26 th May, 2000 for a period of three years beginning with assessment year 2001-2002, 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 Ambulance Van and medicines for B.M.B. Sarvajanik Hospital at Village Veda, Taluka Kalol, District Mehsana, Gujarat, which is being carried out by Shree Veda-Govindpura Sarvajanik Davakhanu, Village Veda, Taluka Kalol, Via - Nardipur, District Mehsana, North Gujarat-382735, without change in the approved cost as an eligible project or scheme for a further period of three years commencing from the financial year 2003-2004. [F. No. NC-270/408/2004]