Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for "Kanoli-vision Saver" Eye Camps-A rural out-reach programme on eye care at Villages around Chennai, Chengai, MGR District Tamil Nadu by Shri Sankara Health Centre - 210/2002 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for "Kanoli-vision Saver" Eye Camps-A rural out-reach programme on eye care at Villages around Chennai, Chengai, MGR District Tamil Nadu by Shri Sankara Health Centre Notification No. 210 of 2002, dt. 14th Aug., 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 11, for "Kanoli-vision Saver" Eye Camps-A rural out-reach programme on eye care at Villages around Chennai, Chengai, MGR District Tamil Nadu by Shri Sankara Health Centre, Hospital Complex, Sri Sankara Nagar, Pammal, Chennai-600075 as an eligible project or scheme for a period of three years beginning with assessment year 1997-98, which was extended further vide notification number S.O. 161(E) dated 23rd February, 2000, 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 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 and amending the project cost from Rs. 45.00 lakhs to Rs. 90.00 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 "Kanoli-vision Saver" Eye Camps--A rural out-reach programme on eye care at Villages around Chennai, Chengai, MGR District Tamil Nadu which is being carried out by Shri Sankara Health Centre, Hospital Complex, Sri Sankara Nagar, Pammal, Chennai 600075, as an eligible project or scheme for a further period of three years beginning with assessment year 2003-2004; and (b) further amends the said notification number S.O. 180(E) dated the 10th March, 1997, to the following effect, namely: In the said notification, in the Table against serial number 11, in column (4) relating to maximum cost for which allowed, for the letters, figures and word "Rs. 45.00 lakhs" the letters, figures and word "Rs. 90.00 lakhs" shall be substituted. [F.No. NC-62/2002]