Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Additional construction and running of Sheth Kasturbhai lalbhai Hospital at Gujarat by Gyanmandal Laxmipura Group Prerit Arogya Mandal - 137/2002 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Additional construction and running of Sheth Kasturbhai lalbhai Hospital at Gujarat by Gyanmandal Laxmipura Group Prerit Arogya Mandal NOTIFICATION No. 137 Dated 7th June. 2002 Whereas by notification of the Government of India in the Ministry of Finance number S.0. 180(E) dated the 10th March, 1999 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 10, for Additional construction, equipments, medical camps and running of Sheth Kasturbhai lalbhai Hospital at Laxmipura, Taluk-Khedbrahma, Sabarkantha District, Gujarat, by Gyanmandal Laxmipura Group Prerit Arogya Mandal, P.O. Laxmipura, Taluk-Khedbrahma, Distt. Sabarkantha. Gujarat - 383275, as an eligible project or scheme for a period of three years beginning from assessment year 1997-1998 which was extended further vide notification numbers S.0.752(E) dated the 10th September, 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 Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project of Additional construction, equipments, medical camps and running of Sheth Kasturbhai lalbhai Hospital at Laxmipura, Taluk-Khedbrahma, Sabarkantha District, Gujarat, which is being carried out by Gyanmandal Laxmipura Group Prerit Arogya Mandal, P.O. Laxmipura, Taluk-Khedbrahma, Distt. Sabarkantha, Gujarat - 383275, at the estimated cost of rupees twenty two lakhs eighty five thousand only, as an eligible project or scheme for a further period of three years commencing from assessment year 2003-2004. Sd/- (G.C. Srivastava) Secretary (National Committee) F.No.NC-118/2001