Exemption u/s 35AC - Central Government had specified for preventive diagnosis curative Medical aid and mass awareness programmes in slums of Bombay as an eligible project or scheme - S. O. 414(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for preventive diagnosis curative Medical aid and mass awareness programmes in slums of Bombay as an eligible project or scheme NOTIFICATION NO. S. O. 414 ( E ) DATED 15-5-1998 Whereas by Notification Number S. O. 216(E), dated 30th March, 1993, 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 11, preventive diagnosis curative Medical aid and mass awareness programmes in slums of Bombay and Adivasi areas and other villages of Thane, Raigarh, and Nasik Districts of Maharashtra of The Family Planning and Medical Aid Trust, 6, Indian Mercantile Mansion, Madam Cama Road, Opposite Musuem and C. G. Hall, Fort, Bombay-400 039 as an eligible project or scheme for a period of three years beginning with the assessment year 1993-94 which was extended for a period of three more years, i.e., assessment years 1996-97, 1997-98 and 1998-99, vide S. O. No. 721(E), dated 17th August, 1995; And whereas the said project or scheme is likely to extend beyond six years; And whereas the National Committee, 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, 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 preventive diagnosis curative medical aid and mass awareness programmes in slums of Bombay and Adivasi areas and other villages of Thane, Raigarh, and Nasik Districts of Maharashtra of The Family Planning and Medical Aid Trust, 6, Indian Mercantile Mansion, Madam Cama Road, Opposite Musuem and C. G. Hall, Fort, Bombay-400 039, at the estimated cost of rupees nineteen lakhs sixty thousand only as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1999-2000. [No. 10598/F. No. NC-29/98]