Exemption u/s 35AC - Central Government had specified for Construction, equipments, furnishing and running of Smt. Lakshmi Shah Rural Medical and Research Centre by Smt. Lakshmi and Shri Janki Lal Shah Foundation as an eligible project or scheme - 091/2005- S.O. 380(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for Construction, equipments, furnishing and running of Smt. Lakshmi Shah Rural Medical and Research Centre by Smt. Lakshmi and Shri Janki Lal Shah Foundation as an eligible project or scheme NOTIFICATION NO. 91/2005, DATED 23-3-2005 S.O. 380(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 973(E) dated the 14 th December, 1995, issued under sub-section (1) read with clause ( b ) of the Explanation to section 35AC or the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 4, for Construction, equipments, furnishing and running of Smt. Lakshmi Shah Rural Medical and Research Centre by Smt. Lakshmi and Shri Janki Lal Shah Foundation, 9, Naples, Sobani Road, Cuffe Parade, Bombay-400005, 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. 688(E) dated the 11 th August, 1998 for a period of three years beginning with assessment year 1999-2000 and which was extended further vide notification number S.O.1053(E) dated the 18 th October, 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 subsection (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 or for Construction, equipments, furnishing and running of Smt. Lakshmi Shah Rural Medical and Research Centre, which is being carried out by Smt. Lakshmi and Shri Janki Lal Shah Foundation, 9, Naples, Sobani Road, Cuffe Parade, Bombay-400005, without any change in the approved cost i.e. ₹ 200.00 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2004-2005. [F.No. NC-270/01/2005]