Exemption u/s 35AC - Central govt. had specified the project of scheme for Renovation and updating of existing 747 beded K.J. Mehta T B. Hospital by Shri K.J. Mehta T.B. Hospital as an eligible project or scheme - 036/2005 - Income Tax

Exemption u/s 35AC - Central govt. had specified the project of scheme for Renovation and updating of existing 747 beded K.J. Mehta T B. Hospital by Shri K.J. Mehta T.B. Hospital as an eligible project or scheme NOTIFICATION NO. 36/2005, DATED 2-2-2005 S.O.137(E). Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 194(E) dated the 13 th March. 1995, 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 Renovation and updating of existing 747 beded K.J. Mehta T B. Hospital including additions, alterations and roads and furnishing/replacement of old furniture/staff quarters and construction of new staff quarters at Amargarh and equipments for the hospital and conducting 75 T.B. diagnositic camps at District Bhavnagar, Gujarat, by Shri K.J. Mehta T.B. Hospital, Amargarh-364210, District Bhavnagar, Gujarat at the estimated cost of rupees three crores nineteen lakhs and sixty 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 S.O.265(E) dated the 27 th March, 1997 for a period of three years beginning with assessment year 1998-1999 which was extended further vide notification number S.O.288(E) dated the 28 March, 2001 for a period of three years beginning with assessment year 2001-2002 and also amended to enhance the cost from Rs.319.60 lakhs to Rs.419.60 lakhs; 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 Renovation and updating of existing 747 beded K.J. Mehta T.B. Hospital including additions, alterations and roads and furnishing/replacement of old furniture/staff quarters and construction of new staff quarters at Amargarh and equipments for the hospital and conducting 75 T.B. diagnositic camps at District Bhavnagar, Gujarat, which is being carried out by Shri K.J. Mehta T.B. Hospital, Amargarh-364210, District Bhavnagar, 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 2003-2004. [F. No. NC-270/408/2004]