Exemption u/s 35AC - Central Government had specified Construction, equipment and furnishing of Tiruvarur Lions Eye Hospital at village Vandampalai, of Tiruvarur Lions Eye Hospital, Tamil Nadu as an eligible project or scheme - S.O. 920(E) - Income Tax

Tax exemption under section 35AC extended to Tiruvarur Lions Eye Hospital project for additional assessment years.

The Central Government, exercising powers under sub-section (1) read with the Explanation to section 35AC, specifies the construction, equipment and furnishing of Tiruvarur Lions Eye Hospital at Vandampalai, Tamil Nadu, carried out by Tiruvarur Lions Eye Hospital, as an eligible project for a further period of three assessment years commencing from assessment year 1998-99, pursuant to a recommendation by the National Committee and at the estimated cost set out in the notification.