NOTIFICATION NO. 41/2005, DATED 2-2-2005

S.O.142(E).—Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 832(E) dated the 18th September, 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 18, the project of scheme for Construction of extension for hospital building, purchase of equipments/ambulance for Shri Nandlal Mulji Bhuta Medical Foundation at Sihor, District Bhavnagar, Gujarat, by Nandlal Mulji Bhuta Medical Foundation, Station Road, Sihor, Gujarat State – 364240, at the estimated cost of rupees two crores sixty four lakhs plus a corpus fund of rupees three crores only, as an eligible project or scheme for a period of three years beginning with assessment year 1999-2000 and which was extended further vide notification number S.O.905(E) dated the 20th September, 2001 for a period of three years beginning with assessment year 2002-2003;

And whereas the said project or scheme is likely to extend beyond six years;

And whereas the National Committee for Promotion of Social and Economic Welfare, 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 for Construction of extension for hospital building, purchase of equipments/ambulance for Shri Nandlal Mulji Bhuta Medical Foundation at Sihor, District Bhavnagar, Gujarat, which is being carried out by Nandlal Mulji Bhuta Medical Foundation, Station Road, Sihor, Gujarat State – 364240, without change in the approved cost as an eligible project or scheme for a further period of three years commencing from the financial year 2004-2005

[F. No. NC-270/408/2004]

More Under Income Tax

Posted Under

Category : Income Tax (25058)
Type : Notifications (15213) Notifications/Circulars (30085)

Leave a Reply

Your email address will not be published. Required fields are marked *