10954 : Notification: 10954 Date of Issue: 10/6/1999

Notification: 10954 Date of Issue: 10/6/1999

Notification: 10954

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

Statute: INCOME TAX

Date of Issue: 10/6/1999

Whereas by notification number SO 399(E) dated 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 17---construction, furnishing, equipments, staff quarters of AWARE Hospitals---Institute of Oncology and Cancer treatment and Research Project at Hyderabad, of Action for Welfare and Awakening in Rural Environment (AWARE), Lake Hill Road, Hyderabad, as an eligible project or such for a period of two years beginning with assessment year 1997-99 :

And whereas the said project or scheme is likely to extend beyond two 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 or construction, furnishing, equipments, staff quarters of AWARE Hospitals---Institute of Oncology and Cancer treatment and Research Project at Hyderabad, which is being carried out by Action for Welfare and Awakening in Rural Environment (AWARE), Lake Hill Road, Hyderabad, at the estimated cost of rupees fifteen crore eighty-four lakhs eighty-eight thousand only as an eligible project or scheme for a further period of three assessment years commencing from assessment year 1999-2000.

[F.No. NC-1/99]