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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..... of hospital projects at Visakhapatnam, Andhra Pradesh by Sankar Foundation as an eligible project or scheme Notification No. 124 of 2003, dt. 9th May, 2003 S.O. 533(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 t .....

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..... aid 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 two years; Now, therefore, the Central Government, in exercise of the Dowers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 .....

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