Exemption u/s 35AC - Central Government had specified for Construction, furnishing, equipment of hospital and Research Institute at Melmaruvathur, Tamilnadu by Adhiparasakthi Charitable Medical, Tamilnadu, as an eligible project or scheme - 154/2005- S.O. 718(E) - - Income Tax

Exemption u/s 35AC - Central Government had specified for Construction, furnishing, equipment of hospital and Research Institute at Melmaruvathur, Tamilnadu by Adhiparasakthi Charitable Medical, Tamilnadu, as an eligible project or scheme NOTIFICATION No. 154/2005, Dated 25-5-2005 S.O. 718(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.193(E) dated the 14 th March, 1996, 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 11, for Construction, furnishing, equipment of hospital and Research Institute at Melmaruvathur, Tamilnadu by Adhiparasakthi Charitable Medical, Educational and Cultural Trust, Melmaruvathur-603319, Chengai MGR District, Tamilnadu, as an eligible project or scheme for a period of three years beginning with assessment year 1997-1998 which was extended further vide notification number S.O.315(E) dated the 11 th May, 1999 for a period of three years beginning with assessment year 2000-2001 and which was extended further vide notification number S.O.1379(E) dated the 30 th December, 2002 for a period of three years beginning with assessment year 2003-2004; 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 for Construction, furnishing, equipment of hospital and Research Institute at Melmaruvathur, Tamilnadu, which is being carried out by Adhiparasakthi Charitable Medical, Educational and Cultural Trust, Melmaruvathur-603319, Chengai MGR District, Tamilnadu, without any change in the approved cost i.e. ₹ 2164.00 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 1 [ 2005-2006 ] . [F.No. NC-270/11/2005] ******** Notes 1. Corrected vide Notification No. 204/2005, Dated 23-9-2005 before it was read as 2004-2005