Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Equipments and instruments for extension of facilities in LionessKamavatiEyeHospital at Ahmedabad, Gujarat by Manav Seva Sangh, Ghasiram Chowdhary Bhavan - 209/2002 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Equipments and instruments for extension of facilities in Lioness Kamavati Eye Hospital at Ahmedabad, Gujarat by Manav Seva Sangh, Ghasiram Chowdhary Bhavan NOTIFICATION NO.209 Dated 14th August. 2002 Whereas by notification of the Government of India in the Ministry of Finance number S.0.388(E) dated the 19th May, 1997 issued under sub-section (l) 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 13, for Equipments and instruments for extension of facilities in Lioness Kamavati Eye Hospital at Ahmedabad, Gujarat by Manav Seva Sangh, Ghasiram Chowdhary Bhavan, Shahibang Camp Road . Ahmedabad - 380041, as an eligible project or scheme for a period of three years beginning with assessment year 1998-1999; And whereas, the said project or scheme is likely to extend beyond three 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 project or scheme for a further period of three years and amending the project cost from Rs. 19.00 lakhs including a corpus fund of Rs. 24.00 lakhs to Rs.84.65 lakhs including a corpus fund of Rs. 39.75 lakhs; 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),- (a) hereby specifies the scheme or project of Equipments and instruments for extension of facilities in Lioness Kamavati Eye Hospital at Ahmedabad, Gujarat , which is being carried out by Manav Seva Sangh. Ghasiram Chowdhary Bhavan. Shahibang Camp Road, Ahmedabad-380041 as an eligible project or scheme for a further period of three years beginning with assessment year 2003-2004, and (b) further amends the said notification number S.0.388(E) dated the 19th May, 1997, to the following effect, namely: - In the said notification, in the Table against serial number 13, in column (4) relating to maximum cost for which allowed, for the letters, figures and word "Rs.19.00 lakhs including a corpus fund of Rs.24.00 lakhs", the letters, figures and word "Rs.84.65 lakhs including a corpus fund of Rs.39.75 lakhs" shall be substituted. Sd/- (G.C.Srivastava) Secretary (National Committee) F.No. NC-62/2002