Exemption u/s 35AC - Central Government had specified at serial number 12 Construction furnishing and equipments of Primary Health Centre at Kufri, Himachal Pradesh by PHD Rural Development Foundation, New Delhi, as an eligible project or scheme - 11196 - Income Tax

Exemption u/s 35AC - Central Government had specified at serial number 12 Construction furnishing and equipments of Primary Health Centre at Kufri, Himachal Pradesh by PHD Rural Development Foundation, New Delhi, as an eligible project or scheme NOTIFICATION NO. 11196 DATED 4-1-2000 S. O. 16(E) - Whereas by notification of the Government of India in the Ministry of Finance, number S.O. 206(E) dated the 17th March, 1997 [published at (1997) 138 CTR (St) 293] 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 12 Construction furnishing and equipments of Primary Health Centre at Kufri, Himachal Pradesh by PHD Rural Development Foundation, opposite to Asian Games Village, New Delhi-110016, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98 And whereas the said project or scheme is likely to extend beyond three 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 two 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 furnishing and equipments of Primary Health Centre at Kufri, Himachal Pradesh, which is being carried out by PHD Rural Development Foundation, opposite to Asian Games Village, New Delhi-110016, at the estimated cost of rupees thirty two lakhs forty thousand only, as an eligible project or scheme for a further period of two years beginning with the assessment year 2000-2001. [F. No. NC 136/99]