Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for The Poona Blind Men's Association 50 bed eye hospital at Mohammedwadi, Maharashtra, by The Poona Blind Men's Association - 259/2002 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for The Poona Blind Men's Association 50 bed eye hospital at Mohammedwadi, Maharashtra, by The Poona Blind Men's Association Notification No. 259 of 2002 Dated 10th Sept., 2002 Whereas by notification of the Government of India in the Ministry of Finance, number S.O. 713(E) dated the 8th August, 1995, issued under sub-section (1) lead with clause (b) of the Explanation to section 35AC of the Income-tax Act 961 (43 of 1961), the Central Government had specified at serial number 8, for The Poona Blind Men's Association 50 bed eye hospital at Mohammedwadi, Off Hadapsar, Taluk Haveli, District Pune, Maharashtra, by The Poona Blind Men's Association, 82 Rasta Peth, Pune 411 011, Maharashtra, as an eligible project or scheme for a period of three years beginning with assessment year 1996-97, which was extended further vide notification number S.O. 836(E) dated 18th September, 1999, for a period of three years beginning with assessment year 1999-2000; 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 subsection (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, The Poona Blind Men's Association 50 bed eye hospital at Mohammedwadi, Off Hadapsar, Taluk Haveli, District Pune, Maharashtra, which is being carried out by The Poona Blind Men's Association, 82 Rasta Peth, Pune-411 011, Maharashtra, at the estimated cost of rupees six hundred sixty-eight lakhs seventy thousand only as an eligible project or scheme for a further period of three years commencing from assessment year 2002-2003. F.No. NC-80/2002]