Exemption u/s 35AC - Centra Govt. had specified for Construction of building/purchase of equipments, instruments, vehicle and running of Sant Ranchhoddasji Bapu Eye Hospital at Vansda, District Valsad, Gujarat by Dhanvantri, Shaker Falia as an eligible project or scheme - 137/2004 - Income Tax

Exemption u/s 35AC - Centra Govt. had specified for Construction of building/purchase of equipments, instruments, vehicle and running of Sant Ranchhoddasji Bapu Eye Hospital at Vansda, District Valsad, Gujarat by Dhanvantri, Shaker Falia as an eligible project or scheme Notification No. 137 of 2004, dt. 19th Apr., 2004 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.0.10(E) dated the 4th January, 2000, 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 4, for Construction of building/purchase of equipments, instruments, vehicle and running of Sant Ranchhoddasji Bapu Eye Hospital at Vansda, District Valsad, Gujarat by Dhanvantri, Shaker Falia, Vansda, District Navsari-396580, Gujarat as an eligible project or scheme for a period of three years beginning with assessment year 2000-2001; And whereas the said project or scheme is likely-to extend beyond three 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/purchase of equipments, instruments, vehicle and running of Sant Ranchhoddasji Bapu Eye Hospital at Vansda, District Valsad, Gujarat which is being carried out by Dhanvantri, Shaker Falia, Vansda, District Navsari-396580, at the estimated cost of rupees two crores ten lakhs (including a corpus fund rupees one crore twenty five lakhs) only, as an eligible project or scheme for a further period of three years commencing from the financial year 2003-2004 File No.NC-395/2003