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Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Health for all comprising running of 50 beded hospital, general dispensary, child and mother care centre. T.B. Clinic at Gujarat, by Shree Bidada Sarvodaya Trust - 407/2002 - Income TaxExtract Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Health for all comprising running of 50 beded hospital, general dispensary, child and mother care centre. T.B. Clinic at Gujarat , by Shree Bidada Sarvodaya Trust NOTIFICATION NO. 407 Dated 30th December. 2002 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.0.740(E) dated the 12th October, 1994. 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 5, for Health for all comprising running of 50 beded hospital, general dispensary, child and mother care centre. T.B. Clinic and conducting medical camps on Pneumatic heart diseases at Village Bidada, Taluka Mandv of Kutch, Gujarat, by Shree Bidada Sarvodaya Trust, C/o Laxmichand Vishaji Rambhal. Plot No.62. Dattashram. 2nd Floor. Sir Bhalchandra Road. Hindu Colony, Road No.2, Dadar (C.R.). Mumbai-400014 as an eligible project or scheme for a period of two years beginning with assessment year 1995-1996 which was extended further vide notification number S.O.215(E) dated 19th March, 1996 for a period of two years beginning with assessment year 1997-1998, which was extended further vide Notification No. S.O.430(E) dated 19th May, 1998 for a period of three years beginning with assessment year 1999-2000 which was further modified vide notification No. S.O. 11(E) dated 4.1.2000 and extended further vide Notification No.S.O.1211(E) dated 12th December, 2001 for a period of three years beginning with assessment year 2002-2003; And whereas the said project or scheme is likely to extend beyond ten years; And whereas, the National Committee, being satisfied that the 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 further amending the project cost from ₹ 287.71 lakhs to ₹ 325.00 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),- (a) hereby specifies the scheme or project of Health for all comprising running of 50 beded hospital, general dispensary, child and mother care centre, T.B. Clinic and conducting medical camps on Pneumatic heart diseases at Village Bidada, Taluka Mandv of Kutch, Gujarat, which is being carried out by Shree Bidada Sarvodaya Trust, C/o Laxmichand Vishaji Rambhai. Plot No.62. Dattashram, 2nd Floor, Sir Bhalchandra Road, Hindu Colony, Road No.2, Dadar (C.R.), Mumbai-400014 as an eligible project or scheme; and (b) further amends the said notification number S.0.740(E) dated the 12th October. 1994, to the following effect, namely:- In the said notification, in the Table against serial number 5, in column (4) relating to maximum amount of cost to be allowed as deduction under section 35AC, for the letters, figures and word ₹ 287.71 lakhs , the letters, figures and word 325.00 lakhs , shall be substituted. Sd/- (G.C.Srivastava) Secretary (National Committee) F.No. NC-138/2002
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