S.O. 410(E) : Notification: S. O. 410(E) Date of Issue: 12/8/1998

Notification: S. O. 410(E) Date of Issue: 12/8/1998

Notification: S. O. 410(E)

Section(s) Referred: s. 35AC(1)

Statute: INCOME TAX

Date of Issue: 12/8/1998

Whereas by Notification Number S. O. 602(E), dated 12th August, 1993, 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 4, construction of Ujjain Charitable Trust's Hospital and Research Centre at Bhudwaria in Ujjain, Madhya Pradesh of Ujjain Charitable Trust Hospital and Research Centre, Mahadik Niwas, 50, Kshirsagar Colony, Ujjain-456 006 (M. P.) as an eligible project or scheme for a period of one year, i.e., assessment year 1994-95 which was extended for a period of two years, i.e., assessment years 1995-96 and 1996-97 vide S. O. No. 268(E), dated 29th March, 1994 which again was extended for a further period of two years, i.e., assessment years 1997-98 and 1998-99, vide S. O. No. 232(E), dated 21st March, 1996;

And whereas the said project or scheme is likely to extend beyond five 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 Ujjain Charitable Trust's Hospital and Research Centre at Bhudwaria in Ujjain, Madhya Pradesh of Ujjain Charitable Trust Hospital and Research Centre, Mahadik Niwas, 50, Kshirsagar Colony, Ujjain-456 006 (M. P.), at the estimated cost of rupees one hundred fifty lakhs only as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1999-2000.

[No. 10594/F. No. NC-29/98]