592E : Notification: S.O.592(E) Date of Issue: 20/8/1997

Notification: S.O.592(E) Date of Issue: 20/8/1997

Notification: S.O.592(E)

Section(s) Referred: 35AC ,35AC(b)

Statute: INCOME TAX

Date of Issue: 20/8/1997

Whereas by Notification No. S. O. 92(E), dated 7th February, 1997, issued under clause (b) of Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified the scheme of construction of building for Cobalt Therapy Unit at M. B. S. Hospital Campus, Kota, Rajasthan, of the Kota Cancer Society, Kota, Rajasthan, as an eligible project or scheme for a period of one year in relation to assessment year 1997-98 ;

And whereas the said project or scheme is likely to extend beyond one year ;

And whereas the National Committee 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 one year in 1998-99 ;

Now, therefore, the Central Government, in exercise of the powers conferred by clause (b) of Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme of construction of building for Cobalt Therapy Unit at M. B. S. Hospital Campus, Kota, Rajasthan, of the Kota Cancer Society, 196, Civil Lines, Opposite M. B. S. Hospital, Kota-324 001, Rajasthan, at an estimated cost of rupees fifteen lakhs only as an eligible project or scheme for a further period of one year in relation to assessment year 1998-99.

[F. No. 10398/NC-79/97]