Exemption u/s 35AC - Central Govt. had specified for Project "Annalakshmi" to provide free food to hospitalised poor patients at Hindu Mission Hospital, Chennai, Tamilnadu, by Hindu Mission Hospital as an eligible project or scheme - 062/2004 - Income Tax

Exemption u/s 35AC - Central Govt. had specified for Project "Annalakshmi" to provide free food to hospitalised poor patients at Hindu Mission Hospital, Chennai, Tamilnadu, by Hindu Mission Hospital as an eligible project or scheme Notification No. 62 of 2004, dt. 23rd Feb., 2004 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 54(E) dated the 16th January, 1998, 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, for Project "Annalakshmi" to provide free food to hospitalised poor patients at Hindu Mission Hospital, Chennai, Tamilnadu, by Hindu Mission Hospital, 36, G.S.T. Road, Tambram West, Chennai, as an eligible project or scheme for a period of three years beginning with assessment year 1998-1999 and which was further amended for enhancement of cost vide notification number S.O. 1142(E), dated the 18th November, 1999 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 six 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 "Annalakshmi" to provide free food to hospitalised poor patients at Hindu Mission Hospital, Chennai, Tamilnadu, which is being carried out by Hindu Mission Hospital, 36, G. S. T. Road, Tambram West, Chennai, at the estimated cost of rupees one crore as corpus fund only, as an eligible project or scheme for a further period of three years commencing from the assessment year 2004-2005.