Exemption u/s 35AC - Central Government had specified for Expansion and running of Tuberculosis Hospital and Public Health Programme through mobile Tuberculosis and Chest Clinic at Bajajgram, Rajasthan by Shree Kalyan Arogya Sadan as an eligible project or scheme - 147/2003 - Income Tax

Exemption u/s 35AC - Central Government had specified for Expansion and running of Tuberculosis Hospital and Public Health Programme through mobile Tuberculosis and Chest Clinic at Bajajgram, Rajasthan by Shree Kalyan Arogya Sadan as an eligible project or scheme Notification No. 147 of 2003, dt. 13th June, 2003 . Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 116(E) dated the 23rd February, 1995 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 3, for Expansion and running of Tuberculosis Hospital and Public Health Programme through mobile Tuberculosis and Chest Clinic at Bajajgram, Sikar, Rajasthan by Shree Kalyan Arogya Sadan (T.B. Hospital and Medical Research Centre), P.O. Bajajgram, District Sikar, Rajasthan, as an eligible project or scheme for a period of two years beginning with assessment year 1995-96 which was extended further vide notification number S.O. 740(E) dated 10th September, 1999 for a period of one year beginning with assessment year 2000-2001 and which was extended further vide notification number S.O. 1028(E) dated 17th November, 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 Expansion and running of Tuberculosis Hospital and Pubic Health Programme through mobile Tuberculosis and Chest Clinic at Bajajgram, Sikar, Rajasthan which is being carried out by Shree Kalyan Arogya Sadan (T.B. Hospital and Medical Research Centre), P.O. Bajajgram, District Sikar, Rajasthan, at the estimated cost of rupees two crores eighty-two lakhs nine thousand only, as an eligible project or scheme or a further period of three years commencing from the assessment year 2004-2005. [F.No. NC-81/2003]