Notification:
S.O.1212(E)
Section(s) Referred:
s. 35AC
Statute:
INCOME TAX
Date of Issue:
12/12/2001
Notification No. S. 0. 1212(E), dated 12th December, 2001.
Whereas by notification of the Government of India in the Ministry of Finance
Number
S. 0. 422(E), dated the 19th May, 1998, issued under 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 13, for construction of building for expansion of hospital,
purchase of equipments, vehicle, furnishing and running of Eye Hospital at MIDC, Miraj,
Sangli District of Maharashtra, by Lions Comprehensive Eye Care Foundation, Miraj,
Plot No. P-31 M.I.D.C., Miraj-416 410, District Sangli, Maharashtra, as an eligible
project or scheme for a period of three years commencing from the assessment year
1999-2000 ;
And whereas the said project. or scheme is likely to extend beyond three
years ;
And whereas the National Committee has, 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 building
for expansion of hospital, purchase of equipments, vehicle, furnishing and running of Eye
Hospital at MIDC, Miraj, Sangli District of Maharashtra, which is being carried out by
Lions Comprehensive Eye Care Foundation, Miraj, Plot No. P-31, M.I.D.C. Miraj-416
410, District Sangli, Maharashtra, at the estimated cost of rupees two crores ninety seven
lakhs only, as an eligible project or scheme for a further period of three years
commencing from the assessment year 2002-2003.
[No. 360-2001/F. No. NC-106/2001]