Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Equipments and running of Polio Hospital at Ahmedabad, Gujarat, by Polio Foundation Shah Chimenlal Chhotalal Lokhandwala Charitable Trust Hospital for the Handicapped - 142/2002 - S.O.614(E) - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Equipments and running of Polio Hospital at Ahmedabad, Gujarat, by Polio Foundation Shah Chimenlal Chhotalal Lokhandwala Charitable Trust Hospital for the Handicapped NOTIFICATION No.142 Dated 7th June, 2002 S.O.614(E)- Whereas by notification of the Government of India in the Ministry of Finance number S.O.399(E) dated the 6th June, 1996, 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 8, for Equipments and running of Polio Hospital at Ahmedabad, Gujarat, by Polio Foundation Shah Chimenlal Chhotalal Lokhandwala Charitable Trust Hospital for the Handicapped, Raipur, Chekela, Ahmedabad-1, as an eligible project or scheme for a period of three years beginning with assessment year 1997-1998 which was extended further vide notification numbers S-0.324(E) dated the 11th May, 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 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 Equipments and running of Polio Hospital at Ahmedabad, Gujarat, which is being carried out by Polio Foundation Shah Chimenlal Chhotalal Lokhandwala Charitable Trust Hospital for the Handicapped, Raipur, Chekela, Ahmedabad-l, at the estimated cost of rupees seventy one lakhs 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-37/2002