Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Construction, purchase of equipments and furnishing of a 50 bed Hospice for the care of the terminally ill Cancer patients at Bangalore by Bangalore Hospice Trust C/o Indian Cancer Society

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..... ion 35AC of the Income-tax Act, 1961, the Central Government had specified for Construction, purchase of equipments and furnishing of a 50 bed Hospice for the care of the terminally ill Cancer patients at Bangalore by Bangalore Hospice Trust C/o Indian Cancer Society NOTIFICATION NO. 377 Dated 9th December. 2002 Whereas by notification of the Government of India in the Ministry of F .....

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..... 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 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 and amending the project cost from Rs.271.50 lakhs to Rs.423.00 lakhs; No .....

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..... ion, in the Table against serial number 17, in column (4) relating to maximum cost to be allowed as deduction under section 35AC, for the letters, figures and word ''Rs.271.50 lakhs", the letters, figures and word ''Rs.423.00 lakhs" shall be substituted. Sd/- (G.C. Srivastava) Secretary (National Committee) F. No. NC-l13/2002 - Notification Tax Management India - taxmanagementindi .....

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