Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Medical treatment, medicines, food to needy patients, books, educational kits, uniforms and scholarship for needy students and other social welfare activities for the people by Sanjivani Trust, Everest - 325/2002 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Medical treatment, medicines, food to needy patients, books, educational kits, uniforms and scholarship for needy students and other social welfare activities for the people by Sanjivani Trust, Everest Notification No. 325 of 2002 Dated 24th Oct., 2002 Whereas by notification of the Government of India in the Ministry of Finance number S.O. 180(E) dated the 10th March, 1997, 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 22, for Medical treatment, medicines, food to needy patients, books, educational kits, uniforms and scholarship for needy students and other social welfare activities for the people by Sanjivani Trust, Everest, A/1-2, 2nd Floor, 156, Tardeo Road, Mumbai-400034, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98 which was extended further vide notification No. S.O. 213(E) dated 1st April, 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 subrule (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 Medical treatment, medicines, food to needy patients, books, educational kits, uniforms and scholarship for needy students and other social welfare activities for the people which is being carried out by Sanjivani Trust, Everest, A/1-2, 2nd Floor, 156, Tardeo Road, Mumbai-400034, at the estimated cost of rupees seventy-four lakhs plus a corpus fund of rupees twenty-five lakhs only, as an eligible project or scheme for a further period of three years commencing from assessment year 2002-2003. [F. No. NC-90/2002]