Exemption u/s 35AC - Central Government had specified for Purchase of equipments and running of hospital projects at Visakhapatnam, Andhra Pradesh by Sankar Foundation as an eligible project or scheme

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..... projects at Visakhapatnam, Andhra Pradesh by Sankar Foundation as an eligible project or scheme NOTIFICATION NO. 243/2005, DATED 14-11-2005 S.O.1605(E). Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 549(E), dated the 2nd July, 1998, issued under sub-section (1), read with clause ( b ) of the Explanation to section 35A .....

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..... estimated cost was amended from Rs. 104.51 lakhs to Rs. 364.55 lakhs; And whereas the said project or scheme is likely to extend beyond seven years; And whereas the National Committee for Promotion of Social and Economic Welfare, 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 .....

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