Exemption u/s 35AC - Central Government had specified for instruments/equipments, vehicle and running of B.D. Patel GeneralHospital by B.D. Patel GeneralHospital, Gujarat, as an eligible project or scheme - 11299 - Income Tax

Exemption u/s 35AC - Central Government had specified for instruments/equipments, vehicle and running of B.D. Patel General Hospital by B.D. Patel General Hospital , Gujarat , as an eligible project or scheme NOTIFICATION NO. 11299 DATED 29-3-2000 Whereas by notification of the Government of India in the Ministry of Finance number S.O. 591(E) dated the 20th May, 1997 [published at (1997) 141 CTR (St) 16] 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 7, instruments/equipments, vehicle and running of B.D. Patel General Hospital at Umreth, Taluka-Anand, District-Kheda, Gujarat, by B.D. Patel General Hospital, Umreth, Daker Road, Taluk---Anand, Kheda, Gujarat, as an eligible project or scheme for a period of three years beginning with assessment year, 1998-99; 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 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 instruments/equipments, vehicle and running of B.D. Patel General Hospital at Umreth, Taluka---Anand, District---Kheda, Gujarat, which is being carried out by B.D. Patel General Hospital, Umreth, Daker Road, Taluk---Anand, Kheda, Gujarat, at the estimated cost of rupees seventy-three lakhs fifty thousand plus a corpus fund of rupees twenty lakhs only, as an eligible project or scheme for a further period of three years beginning with assessment year 2001-2002. [F. No. NC-5/200]