Exemption u/s 35AC - Central Govt. had specified the project or scheme for construction of building and purchase of equipments for Cancer Hospital at Nashik, Maharashtra, by Namco Charitable Trust as an eligible project or scheme - 182/2004- S.O.784(E) - Income Tax

Exemption u/s 35AC - Central Govt. had specified the project or scheme for construction of building and purchase of equipments for Cancer Hospital at Nashik, Maharashtra, by Namco Charitable Trust as an eligible project or scheme Notification No. 182/2004 Dated 5 th July, 2004 S.O.782(E)- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.0.1002(E) dated the 8 th November, 2000, issued under sub-section (I) of, 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 the project or scheme for construction of building and purchase of equipments for Cancer Hospital at Nashik, Maharashtra, by Namco Charitable Trust, Nashik, Plot No.30/l/lB, Opposite RTO, Peth Road, Panchavati, Nashik-422003 at the estimated cost of rupees ten crores seventy lakhs only. 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 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. However, the Committee restricted the donations to ₹ 74.00 lakhs; 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 for Construction of building and purchase of equipments for Cancer Hospital at Nashik, Maharashtra, which is being carried out by Namco Charitable Trust. Nashik, Plot No.30/l//IB. Opposite RTO, Peth Road, Panchavati, Nashik 422003, without any change in the approved cost, as an eligible project or scheme for a further period of three years commencing from the financial year 2003-04 Sd/- (Sunil Sharma) Deputy Secretary (National Committee) F.No.NC-69/2004