Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Construction of KindneyHospital, Purchase of equipments, Running expenses (corpus fund); at Jamnagar by Shree Anandabava Netra Chikitshalaya - 411/2002 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Construction of Kindney Hospital , Purchase of equipments, Running expenses (corpus fund); at Jamnagar by Shree Anandabava Netra Chikitshalaya NOTIFICATION NO. 411 Dated 30th December, 2002 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.0.268 (E) dated the 23rd March, 2000, 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 5, for (a) Construction of Kindney Hospital: (b) Purchase of equipments; (c) Running expenses (corpus fund); at Anand Marg, Jamnagar by Shree Anandabava Netra Chikitshalaya. C/o Gopal Bhuvan, Anandbava Road, Limda Lane, Jamnagar-361001 as an eligible project or scheme for a period of three years beginning with assessment year 2000-2001; 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 (a) Construction of Kindney Hospital; (b) Purchase of equipments; (c) Running expenses (corpus fund); at Anand Marg, Jamnagar, which is being carried out by Shree Anandabava Netra Chikitshalaya, C/o Gopal Bhuvan, Anandbava Road, Limda Lane, Jamnagar-361001 at the estimated cost of rupees five hundred twenty three lakhs (including a corpus fund of Rs. three hundred lakhs) only as an eligible project or scheme for a further period of three years commencing from the assessment year 2003-2004. sd/- (G.C.Srivastava) Secretary (National Committee) F.No. NC- 138/2002