Notified under Section 35AC(b) of the Incometax Act, 1961 for project of Construction of building, equipments furnishing and running of Hospital and Research Centre, at Hojai, District Nagaon, Assam - 111/2004 - Income Tax

Notified under Section 35AC(b) of the Incometax Act, 1961 for project of Construction of building, equipments furnishing and running of Hospital and Research Centre, at Hojai, District Nagaon, Assam Notification No. 111 of 2004, dt. 19th Mar., 2004 S.O. 378(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.591 (E) dated the 20 th August, 1997, 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 13, for Construction of building, equipments furnishing and running of Hospital and Research Centre, at Hojai, District Nagaon, Assam, by Haji Abdul Majid Memorial Public Trust, Post Office Hajai, Village Gopal Nagar District Nagaon, Assam - 782435, as an eligible project or scheme for a period of three years beginning with assessment year 1998-1999 and which was extended further vide notification number S.O.1030(E) dated the 17 th November, 2000 as an eligible project or scheme for a period of three years beginning with assessment year 2001-2002; And whereas the said project or scheme is likely to extend beyond six 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 of Construction of building, equipments furnishing and running of Hospital and Research Centre, at Hojai, District Nagaon, Assam, which is being carried out by Haji Abdul Majid Memorial Public Trust, Post Office Hajai, Village Gopal Nagar District Nagaon, Assam - 782435 at the estimated cost of rupees seventy five crores ninety three lakhs only, as an eligible project or scheme for a further period of three years commencing from the financial year 2003-2004. F.No. NC-348/2003