Exemption u/s 35AC - Central Government had specified for maintenance of S.J.PatelSarvajanikHospital by Gramya Vikas Mandal, Gujarat, as an eligible project or scheme - Amendment in Notification No. S.O. 791(E), dated the 18th September, 1995 - S.O.548(E) - Income Tax Act, 1961
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Exemption under Income-tax Act: eligible hospital project re-specified and period extended, with increased project cost ceiling by notification. The notification re-specifies and extends the maintenance project of S. J. Patel Sarvajanik Hospital as an eligible project for tax exemption beginning with the assessment year 2002-2003 upon the National Committee's recommendation, and amends the earlier notification to increase the maximum project cost eligible for the exemption by substituting the previous figure in the notification's table with the revised cost.
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Exemption under Income-tax Act: eligible hospital project re-specified and period extended, with increased project cost ceiling by notification.
The notification re-specifies and extends the maintenance project of S. J. Patel Sarvajanik Hospital as an eligible project for tax exemption beginning with the assessment year 2002-2003 upon the National Committee's recommendation, and amends the earlier notification to increase the maximum project cost eligible for the exemption by substituting the previous figure in the notification's table with the revised cost.
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