Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Running of free medical aid services at NOIDA; by Kailash Charitable Trust - 258/2002 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Running of free medical aid services at NOIDA; by Kailash Charitable Trust Notification No. 258 of 2002 Dated 10th Sept., 2002 Whereas by notification of the Government of India in the Ministry of Finance number S.O. 973(E) dated the 14th December, 1995, 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 13, for Running of free medical aid services at NOIDA; by Kailash Charitable Trust, C-320, Sector 19, NOIDA, 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. 212(E) dated 16th March, 1998, 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 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 Running of free medical aid services at NOIDA, which is being carried out by Kailash Charitable Trust, C-320, Sector-19, NOIDA at the estimated cost of rupees seventy-five lakhs only as an eligible project or scheme for a further period of three years commencing from assessment year 2003-2004 F. No. NC-80/2002]