Exemption u/s 35AC - Central Government had specified for Construction of Doctors' Quarters, Physiotherapy Centre, equipments and maintenance of Revabai General Hospital at Gujarat by Shree Sardhav Gram Vikas Mandal as an eligible project or scheme - 019/2003 - Income Tax

Exemption u/s 35AC - Central Government had specified for Construction of Doctors' Quarters, Physiotherapy Centre, equipments and maintenance of Revabai General Hospital at Gujarat by Shree Sardhav Gram Vikas Mandal as an eligible project or scheme Notification No. 19 of 2003, dt. 22nd Jan., 2003 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 180(E) dated the 10th March, 1997, 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 8, for Construction of Doctors' Quarters, Physiotherapy Centre, equipments and maintenance of Revabai General Hospital at Village Sardhav, District Gandhinagar, North Gujarat by Shree Sardhav Gram Vikas Mandal, c/o Revabai General Hospital, P.O. Sardhav, District Gandhinagar, Gujarat-382640, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98 which was extended further vide notification number S.O. 100(E) dt. 11th February, 1999 for a period of three years beginning with assessment year 2000-2001 which was further amended vide notification No. 1175(E) dated 26th November, 1999; And whereas the said project or scheme is likely to extend beyond six years; And whereas, the National Committee, being satisfied that the project or scheme is being executed properly, made further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962, for specifying the said project or scheme for 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 Construction of Doctors' Quarters, Physiotherapy Centre, equipments and maintenance of Revabai General Hospital at Village Sardhav, District Gandhinagar, North Gujarat which is being carried out by Shree Sardhav Gram Vikas Mandal, c/o Revabai General Hospital, P.O. Sardhav, District Gandhinagar, Gujarat-382640, at the estimated cost of rupees forty-four lakhs seventy-six thousand only, as an eligible project or scheme for a further period of three years commencing from the assessment year 2003-2004. [F. No. NC-142/2002]