Exemption u/s 35AC - C. G had specified for Construction of Tutorial and Children activity hall/compound wall at Ranasan-Harsol-Sabarkantha, Gujarat by Anjali (Society for Rural Health and Development) Post-Ranasan as an eligible project or scheme - 065/2003 - Income Tax

Exemption u/s 35AC - C. G had specified for Construction of Tutorial and Children activity hall/compound wall at Ranasan-Harsol-Sabarkantha, Gujarat by Anjali (Society for Rural Health and Development) Post-Ranasan as an eligible project or scheme Notification No. 65 of 2003, dt. 31st March, 2003 S.O. 350(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 591(E) dated the 20th August, 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 2, for Construction of Tutorial and Children activity hall/compound wall, equipments, vehicle, furnishing and running of Anjali Hospital, T.B. Centre and Children and Educational Activities at Ranasan-Harsol-Sabarkantha, (Gujarat by Anjali (Society for Rural Health and Development) Post-Ranasan, Via Harsol, Taluka-Prantij, Sabarkantha, Gujarat-383305 as an eligible project or scheme for a period of three years beginning with assessment year l998-99 which was extended further vide notification number S.O. 872(E) dated 21st September, 2000 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, 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 Tutorial and Children activity hall/compound wall, equipments, vehicle, furnishing and running of Anjah Hospital, T.B. Centre and Children and Educational Activities at Ranasan-Harsol-Sabarkantha, Gujarat which is being carried out by Anjali (Society for Rural Health and Development) Post-Ranasan, Via Harsol, Taluka-Prantij, Sabarkantha, Gujarat-383305, at the estimated cost of rupees thirty-three lakhs plus a corpus fund of rupees twenty-five lakhs only, as an eligible project or scheme for a further period of three years commencing from the assessment year 2004-2005. [F.No. NC-166/2002]