10920 : Notification: 10920 Date of Issue: 11/5/1999

Notification: 10920 Date of Issue: 11/5/1999

Notification: 10920

Section(s) Referred: s. 35AC(1)(b) ,r. 11M(5)

Statute: INCOME TAX

Date of Issue: 11/5/1999

Whereas by notification of the Government of India in the Ministry of Finance number S.O. 399(E), dated the 6th June, 1996 [published at (1996) 133 CTR (St) 8], 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---Equipments and running of Polio Hospital at Ahmedabad, Gujarat, of Polio Foundation, Shah Chimanlal Chootalal Lokhandwala Charitable Trust Hospital for the Handicapped, Raipur, Ahmedabad---380001, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98 ;

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 and amending the project cost from Rs. 63.15 lakhs to Rs. 71.5 lakhs ;

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 or equipments and running of Polio Hospital at Ahmedabad, Gujarat, which is being carried out by Polio Foundation, Shah Chimanlal Chootalal Lokhandwala Charitable Trust Hospital for the Handicapped, Raipur, Ahmedabad---380001, at the estimated cost of rupees seventy-one lakhs five thousand only as an eligible project or scheme for a further period of three assessment years commencing from assessment year 2000-2001.

[F. No. NC-39/99]