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Exemption u/s 35AC - Central Government had specified for free Eye surgeries and running of hospital by Medical Research Foundation, Chennai, as an eligible project or scheme

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..... , Chennai, as an eligible project or scheme NOTIFICATION NO. 226/2006, DATED 4-9-2006 S.O.1408(E). Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 19(E), dated the 7th January, 2004, 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 Cent .....

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..... Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project for free Eye surgeries and running of hospital which is being carried out by Medical Research Foundation, 18, College Road, Chennai-600006, without any change in the approved cost of Rs. 3270.00 lakhs (including a corpus fund of Rs. 2800.00 lakhs) as an eligible project or scheme for a furt .....

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