Exemption u/s 35AC - Central Government had specified for Rural Mobile Clinic of Hindu Mission Hospital - A Rural outreach programme at rural villages around Tambaram, Tamilnadu, by Hindu Mission Hospital as an eligible project or scheme - 096/2005- S.O. 385(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for Rural Mobile Clinic of Hindu Mission Hospital - A Rural outreach programme at rural villages around Tambaram, Tamilnadu, by Hindu Mission Hospital as an eligible project or scheme NOTIFICATION NO. 96/2005, DATED 23-3-2005 S.O. 385(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.206(E) dated the 17 th March, 1997, 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 23, for Rural Mobile Clinic of Hindu Mission Hospital - A Rural outreach programme at rural villages around Tambaram, Tamilnadu, by Hindu Mission Hospital, 36, G.S.T. Road, Tambaram west, Chennai, Tamil Nadu-600045 as an eligible project or scheme for a period of two years beginning with assessment year 1997-1998; which was extended further vide notification number S.O.425(E) dated the 19th May, 1998 for a period of three years beginning with assessment year 1999-2000 and which was extended further vide notification number S.O.559(E) dated the 20th June, 2001 for a period of three years beginning with assessment year 2002-2003; And whereas by notification number S.O. 1035(E) dated 17 th November, 2000, the estimated cost was enhanced from ₹ 30.00 lakhs to ₹ 30.00 lakhs plus a corpus fund of ₹ 100.00 lakhs; And whereas the said project or scheme is likely to extend beyond eight 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 Rural Mobile Clinic of Hindu Mission Hospital - A Rural outreach programme at rural villages around Tambaram, Tamilnadu, which is being carried out by Hindu Mission Hospital, 36, G.S.T. Road, Tambaram west, Chennai, Tamil Nadu-600045, without any change in the approved cost i.e. ₹ 30.00 lakhs plus a corpus fund of ₹ 100.00 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]