Exemption u/s 35AC - Central Government had specified for Upgrading the eye hospital with additional medical units by Smt. Sharda Jhatakia Memorial Trust as an eligible project or scheme - 084/2005- S.O. 373(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for Upgrading the eye hospital with additional medical units by Smt. Sharda Jhatakia Memorial Trust as an eligible project or scheme NOTIFICATION NO. 84/2005, DATED 23-3-2005 S.O. 373(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.839(E) dated the 24 th July, 2003, 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 8 for Upgrading the eye hospital with additional medical units by Smt. Sharda Jhatakia Memorial Trust, 17, Station Plot, Old Cemnet Road, Gondal, District. Rajkot - 361008, Gujarat, as an eligible project or scheme for a period of one year beginning with assessment year 2004-2005; And whereas the said project or scheme is likely to extend beyond one year; 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 for specifying the said project or scheme for a further period of two years ; Now, therefore, the Central Government, in exercise of the powers conferred by subsection (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 for Upgrading the eye hospital with additional medical units, which is being carried out by Smt. Sharda Jhatakia Memorial Trust, 17, Station Plot, Old Cemnet Road, Gondal, District Rajkot - 361008, Gujarat, without any change in the approved cost, i.e. ₹ 159.24 lakhs, as an eligible project or scheme for a further period of two years commencing from the financial year 2004-2005. [F.No. NC-270/01/2005]