Central Government had specified purchase of medical and non-medical equipments, vehicles, furnishing and running of hospital at village Mulund (West), Mumbai by Shree Pragati Foundation, Ganesh Gavde Road, Mulund (West), Mumbai - 258/2003- S.O. 1246(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 30 th October, 2003 S.O. 1246(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 28(E) dated the 10 th January, 2001, 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 1, for purchase of medical and non-medical equipments, vehicles, furnishing and running of hospital at village Mulund (West), Mumbai by Shree Pragati Foundation, Ganesh Gavde Road, Mulund (West), Mumbai- 400080 as an eligible project or scheme for a period of three years beginning with assessment year 2001-2002; And whereas the said project or scheme is likely to extend beyond three years; And whereas, the National Committee for the 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 one 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 Purchase of medical and non medical and non-medical equipments, vehicles, furnishing and running of hospital at village Mulund (West), Mumbai which is being carried out Shree Pragati Foundation, Ganesh Gavde Road, Mulund (West), Mumbai- 400080 at the estimated cost of rupees ten crores seventy lakhs including a corpus fund of ₹ 500.00 lakhs only, as an eligible project or scheme for a further period of one year commencing from the assessment year 2004-2005 subject to the condition that 100% freeship for 50% of the beneficiaries belonging to weaker section of the society is provided and public notice about free benefits available is displayed in prominent places. [F. NO. 258-2003/F.NO. NC-224/2003] A.J. MAJUMDAR, Secy. (National Committee)