Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Health for Construction. furnishing, equipments of hospital and Research Institute at Melmaruvathur, Tamilnadu by Adhiparasakthi Charitable Medical. Educational and Cultural Trust - 404/2002 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Health for Construction. furnishing, equipments of hospital and Research Institute at Melmaruvathur, Tamilnadu by Adhiparasakthi Charitable Medical. Educational and Cultural Trust NOTIFICATION NO. 404 Dated 30th December. 2002 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.0.193(E) dated the 14th March. 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 11, for Construction. furnishing, equipments of hospital and Research Institute at Melmaruvathur, Tamilnadu by Adhiparasakthi Charitable Medical. Educational and Cultural Trust, Melmaruvathur. Chengai MGR District, Tamilnadu-603319. as an eligible project or scheme for a period of three years beginning with assessment year 1997-1998 which was extended further vide notification number S.0.315(E) dated 11th May, 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, furnishing, equipments of hospital and Research Institute at Melmaruvathur, Tamilnadu which is being carried out by Adhiparasakthi Charitable Medical, Educational and Cultural Trust, Melmaruvathur, Chengai MGR District, Tamilnadu-603319. at the estimated cost of rupees twenty one crore sixty four lakhs only. as an eligible project or scheme for a further period of three years commencing from the assessment year 2003-2004. sd/- (G.C.Srivastava) Secretary (National Committee) F.No. NC-138/2002