Exemption u/s 35AC - Central Government had specified the project of scheme for Construction of Maharaja Agrasen Hospital at Agroha, District Hisar, Haryana by Maharaja Agrasen Medical Education & Scientific Research Society as an eligible project or scheme - 028/2005 - Income Tax

Exemption u/s 35AC - Central Government had specified the project of scheme for Construction of Maharaja Agrasen Hospital at Agroha, District Hisar, Haryana by Maharaja Agrasen Medical Education Scientific Research Society as an eligible project or scheme Notification No. 28/2005, Dated 2-2-2005 S.O. 129(E). Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 602(E) dated the 12th August, 1993, 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 3, the project of scheme for Construction of Maharaja Agrasen Hospital at Agroha, District Hisar, Haryana by Maharaja Agrasen Medical Education Scientific Research Society, Dayanand Bhawan, 3/5, Asaf Ali Road, Darya Ganj, New Delhi, as an eligible project or scheme for a period of three years at the estimated cost of rupees five crores five lakhs only, as an eligible project or scheme for a period of three years in relation to assessment year 1994-1995 which was extended further vide notification number S.O. 94(E) dated the 2nd February, 1996 for a period of two years beginning with assessment year 1997-1998 which was extended vide notification number S.O. 200(E) dated the 12th March, 1998 for a period of three years beginning with assessment year 1999-2000 and which was extended vide notification number S.O. 1269(E) dated the 28th December, 2001 for a period of three years beginning with assessment year 2002-2003, And whereas the said project or scheme is likely to extend beyond eleven years; And whereas the National Committee for 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 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 for Construction of Maharaja Agrasen Hospital at Agroha, District Hisar, Haryana, which is being carried out by Maharaja Agrasen Medical Education Scientific Research Society, Dayanand Bhawan, 3/5, Asaf Ali Road, Darya Ganj, New Delhi, without change in the approved cost, as an eligible project or scheme for a further period of three years commencing from the financial year 2004-2005. [F.No. NC-270/408/2004]