Exemption u/s 35AC - Central Govt. had specified for Maintenance of S.J.Patel Sarvajanik Hospital at Paliad, Tal. Kalol, District Mehsana, Gujarat by Gramya Vikas Mandal as an eligiblel project or scheme - Amendment in N. No. S.O.791(E) dated the 18th September. 1995 - 110/2004 - Income Tax

Exemption u/s 35AC - Central Govt. had specified for Maintenance of S.J.Patel Sarvajanik Hospital at Paliad, Tal. Kalol, District Mehsana, Gujarat by Gramya Vikas Mandal as an eligiblel project or scheme - Amendment in N. No. S.O.791(E) dated the 18th September. 1995 Notification No. 110 of 2004, dt. 19th Mar., 2004 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.791(E) dated the 18th September. 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 6, for Maintenance of S.J.Patel Sarvajanik Hospital at Paliad, Tal. Kalol, District Mehsana, Gujarat by Gramya Vikas Mandal, Paliad. At and P.O.Paliad, Tal. Kalol (NG), District Mehsana, Gujarat, 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.863(E) dated the 12 th December, 1997 for a period of three years beginning with assessment year 1999-2000 and which was extended further vide notification number S.O.548(E) dated 20 th June, 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 the 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 and amending the project cost from Rs.41.50 lakhs to Rs.56.50 lakhs: 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),- (a) hereby specifies the scheme or project of Maintenance of S.J.Patel Sarvajani, Hospital at Paliad, Tal, Kalol, District Mehsana, Gujarat by Gramya Vikas Mandal, Paliad, At and P.O.Paliad, Tal. Kalol (NG), District Mehsana, Gujarat as an eligible project of scheme for a further period of three years beginning with financial year 2004-2005; and (b) further amends the said notification number S.O. 791(E) dated the 18 th September. 1995. to the following effect, namely:- In the said notification, in the Table against serial number 6, in column (4) relating to maximum cost for which allowed, for the letters, figures and word "Rs.41.50 lakhs", the letters, figures and word "Rs.56.50 lakhs" shall be substituted. F.No. NC-348/2003