U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On – Sanjeevan Medical Foundation, Maharashtra - S.O.560(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION NO. 174/2001 New Delhi, the 20 th June, 2001 S.O. 560(E).- Whereas by notification of the Government of India in the Ministry of Finance number S.O. 887(E) dated the 22 nd November, 1993 as amended by S.O. 199(E) dated the 12 th March, 1998 , issued under 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 2, for Construction of Community care and Research Centre at Miraj in Maharashtra, by Sanjeevan Medical Foundation, Ashvini Prasad Hospital, Miraj (Maharashtra), as an eligible project or scheme for a period of two years beginning with assessment year 1994-1995 which was extended further vide notification number S.O.294(E) dated the 4 th April, 1995 for a period of three years beginning with assessment year 1996-1997 and S.O. 199(E) dated the 12 th March, 1998 for a period of three years beginning with assessment year 1999-2000; And whereas the said project or scheme is likely to extend beyond eight years; And whereas the National Committee has, 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 Construction of Community care and Research Centre at Miraj in Maharashtra, which is being carried out by Sanjeevan Medical Foundation, Ashvini Prasad Hospital, Miraj (Maharashtra), at the estimated cost of rupees seven crores only, as an eligible project or scheme for a further period of three years beginning with assessment year 2002-2003. [F. No NC-61/2001] POMELA B. PRASAD, Director (N C)