Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Setting up of Community Ophthalmology Centre, purchase of premises, equipments and instruments at Calcutta, West, Bengal, by Dr. Nihar Munshi Eye Foundation - 256/2002 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Setting up of Community Ophthalmology Centre, purchase of premises, equipments and instruments at Calcutta, West, Bengal, by Dr. Nihar Munshi Eye Foundation Notification No. 256 of 2002 Dated 10th Sept., 2002 Whereas by notification of the Government of India in the Ministry of Finance number S.O. 154(E) dated the 23rd February, 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 9, for Setting up of Community Ophthalmology Centre, purchase of premises, equipments and instruments at Calcutta, West, Bengal, by Dr. Nihar Munshi Eye Foundation, 1/3, Dover Place, Calcutta 700 019 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 of 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, Setting up of Community Ophthalmology Centre, purchase of premises equipments and instruments at Calcutta, West Bengal, which is being carried out by Dr. Nihar Munshi Eye Foundation, 1/3, Dover Place. Calcutta 700 019, at the estimated cost of rupees one crore ninety-two lakhs only as an eligible project or scheme for a further period of three years commencing from assessment year 2003-2004. F.No.NC-80/2002]