Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Expansion of HinduMissionHospital by addition of Geriatric Division and Ophthalmic Block by HinduMissionHospital

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..... or Expansion of Hindu Mission Hospital by addition of Geriatric Division and Ophthalmic Block by Hindu Mission Hospital NOTIFICATION NO. 371 Dated 9th December. 2002 Whereas by notification Of the Government of India in the Ministry of Finance number S.0.228(E) dated the 17th March, 1994, issued under sub-section(l) read with clause (b) of the Explanation to section 35AC o .....

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..... ated 26th May, 2000 for a period of three years beginning with assessment year 2001-2002; And whereas, the said project or scheme is likely to extend beyond ten 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 proje .....

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..... 4) relating to maximum amount of cost to be allowed as dedication under section 35Ac, for the letters, figures and word "Rs.250.00 lakhs", the letters, figures and word "Rs.500.00 lakhs" shall be substituted. Sd/- (G.C.Srivastava) Secretary (National Committee) F.No. NC-113/2002 - Notification Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI .....

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