Exemption u/s 35AC - Central Government had specified for Eye operation, equipments/instrument for Sarvoday Eye Hospital/Eye Camps at Radhanpur, Gujarat and Rajasthan by Sarvoday Arogya Nidhi as an eligible project or scheme - 122/2003- S.O. 531(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for Eye operation, equipments/instrument for Sarvoday Eye Hospital/Eye Camps at Radhanpur, Gujarat and Rajasthan by Sarvoday Arogya Nidhi as an eligible project or scheme Notification No. 122 of 2003, dt. 9th May, 2003 S.O. 531(E)- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 399(E) dated the 6th June, 1996, issued under sub-section (1) read with clause (b) of the Explanation to section 36AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 7, for Eye operation, equipments/instrument for Sarvoday Eye Hospital/Eye Camps at Radhanpur, Gujarat and Rajasthan by Sarvoday Arogya Nidhi, Highway, Radhanpur, (Banas Kantha) Gujarat-385340, as an eligible project or scheme for a period of three years beginning with assessment year 1997-1998 and which was extended further vide notification number S.O. 869(E) dated 21st August, 2000 for a period of three years beginning with assessment year 2000-2001; 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 this scheme or project of Eye operation, equipments/instrument for Sarvoday Eye Hospital/Eye Camps at Radhanpur, Gujarat and Rajasthan which is being carried out by Sarvoday Arogya Nidhi, Highway, Radhanpur, (Banas Kantha) Gujarat-385340, at the estimated cost of rupees sixty-seven 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-53/2003]