65 : Notification: 65 Date of Issue : 31/3/2003

Notification: 65 Date of Issue : 31/3/2003

Notification No : 65

Section(s) Referred : s. 35AC

Date of Issue : 31/3/2003

Notification No. 65 of 2003, dt. 31st March, 2003

Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 591(E) dated the 20th August, 1997 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 2, for Construction of Tutorial and Children activity hall/compound wall, equipments, vehicle, furnishing and running of Anjali Hospital, T.B. Centre and Children and Educational Activities at Ranasan-Harsol-Sabarkantha, (Gujarat by Anjali (Society for Rural Health and Development) Post-Ranasan, Via Harsol, Taluka-Prantij, Sabarkantha, Gujarat-383305 as an eligible project or scheme for a period of three years beginning with assessment year l998-99 which was extended further vide notification number S.O. 872(E) dated 21st September, 2000 for a period of three years beginning with assessment year 2001-2002;

And whereas the said project or scheme is likely to extend beyond six 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 of Construction of Tutorial and Children activity hall/compound wall, equipments, vehicle, furnishing and running of Anjah Hospital, T.B. Centre and Children and Educational Activities at Ranasan-Harsol-Sabarkantha, Gujarat which is being carried out by Anjali (Society for Rural Health and Development) Post-Ranasan, Via Harsol, Taluka-Prantij, Sabarkantha, Gujarat-383305, at the estimated cost of rupees thirty-three lakhs plus a corpus fund of rupees twenty-five lakhs only, as an eligible project or scheme for a further period of three years commencing from the assessment year 2004-2005.

[F.No. NC-166/2002]