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Exemption u/s 35 AC - Central Government specified the construction of 200 bedded hospital named as Nirmay Tirth with mobile dispensaries, by Shree Bhagwat Vidyapeeth, Ahmedabad as an eligible project or scheme - S.O.1143(E) - Income TaxExtract MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 11129 New Delhi, the 18 th November, 1999 S.O.1143(E).- Whereas by notification of the Government of India in the Ministry of Finance number S.O. 267 (E) dated the 29th March, 1994 , issued under clause (b) of the Explanation to section 35 AC of the Income-tax Act, 1961 (43 of 1961) , the Central Government had specified at serial number 5 construction of a 200 bedded hospital named as Nirmay Tirth, with mobile dispensaries at Sola, District Ahmedabad for providing free medical treatment including examination, dispensation of medicines, pre-operative diagnosis, surgical operations and post-operative care and providing beds and diet free of cost to patients admitted in the hospital and free stay for relatives of patients from distant places, by Shree Bhagawat Vidyapeeth, Krishna Dham, Sola, Ahmedabad, as an eligible project or scheme for a period of three years beginning with assessment year 1994-95 which was further extended vide S.O, 405 (E) dated 6 th June, 1996 by a period of three more years commencing from the assessment year 1997-98. And wheresas 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 35 AC of the Income-tax Act, 1961 (43 of 1961) , hereby specifies the scheme or project of construction of a 200 bedded hospital named as Nirmay Tirth, with mobile dispensaries at Sola, District Ahmedabad for providing free medical treatment including examination, dispensation of medicines, pre-operative diagnosis, surgical operations and post-operative care and providing beds and diet free of cost to patients admitted in the hospital and free stay for datives of patients from distant places, which is being carried out by Shree Bhagawat Vidyapeeth, Krishna Dham, Sola, Ahmedabad, at the estimated cost of rupees thirteen crores eighty one lakhs twenty five thousand only, as an eligible project or scheme for a further period of three years beginning with assessment year 2000-2001. [F. No. NC-93/99] POMELA B. PRASAD, Director (National Committee)
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