NOTIFICATION No. 148/2005, Dated 25-5-2005
Whereas
by notification of the Government of India in the Ministry of Finance
(Department of Revenue) number S.O.422(E) dated the 19th May, 1998,
issued under sub-section (1) read with clause (b) of the Explanation to,
section 35 AC 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 M.I.D.C., Miraj, Sangli District of Maharashtra by Lions
Comprehensive Eye Care Foundation, Miraj, Plot No.P-31, M.I.D.C., Miraj-416410,
District-Sangli, Maharashtra 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.1212(E) dated the 12th
December, 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
subsection (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 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.31, M.I.D.C, Miraj-416410, District-Sangli,
Maharashtra, without any change in the approved cost i.e. Rs.297.00 lakhs, as
an eligible project or scheme for a further period of three years commencing
from the financial year 2004-2005.
[F.No.NC-270/l1/2005]