Exemption u/s 35AC - Central Government had specified regarding Construction, equipments with all amenities of Vrudhashram and Eye Hospital at Sachina by Shri Hari Public Charitable Trust as an eligible project or scheme - 234/2003 - Income Tax

Exemption u/s 35AC - Central Government had specified regarding Construction, equipments with all amenities of Vrudhashram and Eye Hospital at Sachina by Shri Hari Public Charitable Trust as an eligible project or scheme Notification No. 234/2003 Dated 29 th September, 2003 S.O.1131(E)- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.0,469 (E) dated the 2 nd July, 1996, 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 7, for Construction, equipments with all amenities of Vrudhashram and Eye Hospital at Sachina Sub-Panchayat, Village Haripur, Taluk Virmagam, District Ahmedabad, Gujarat, by Shri Hari Public Charitable Trust, 5/A, Krishna Society, Near Law Garden, Ellisbridge, Ahmedabad -6, 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,0.1145(E) dated the 18 th November, 1999 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 the scheme or project of Construction, equipments with al! amenities of Vrudhashram and Eye Hospital at Sachina Sub-Panchayat, Village Haripur, Taluk Virmagam, District Ahmedabad, Gujaral, which is being carried out by Shri Hari Public Charitable Trust, 5/A, Krishna Society, Near Law Garden, Ellisbridge, Ahmedabad at the estimated cost of rupees eighty seven lakhs fifty two thousand only, as an eligible project or scheme for a further period of three years commencing from the assessment year 2003-2004. Sd/- (A.J. Majumdar) Secretary (National Committee) F. No. NC-189/2003