Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Equipments, running of Ashirwad Eye and GeneralHospital at Dehgam, Ahmedabad, Gujarat by Vithalbhai Foundation - 323/2002 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Equipments, running of Ashirwad Eye and General Hospital at Dehgam, Ahmedabad, Gujarat by Vithalbhai Foundation Notification No. 323 of 2002 Dated 24th Oct., 2002 Whereas by notification of the Government of India in the Ministry of Finance number S.O. 206(E) dated the 17th 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 15, for Equipments, running of Ashirwad Eye and General Hospital at Dehgam, Ahmedabad, Gujarat by Vithalbhai Foundation, Purushotham Park, Dehgam, Ahmedabad, Gujarat-382305, 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. 507(E) dated 26th May, 2000 for a period of three years beginning with assessment year 2000-2001; And whereas the said project or scheme is likely to extend beyond six 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 Equipments, running of Ashirwad Eye and General Hospital at Dehgam, Ahmedabad, Gujarat which is being carried out by Vithalbhai Foundation, Purushotham Park, Dehgam, Ahmedabad, Gujarat-382305, at the estimated cost of rupees seventy-one lakhs fifty-nine thousand only, as an eligible project or scheme for a further period of three years commencing from assessment year 2003-2004. [F. No. NC-9012002]