Exemption u/s 35AC - Central Government had specified for equipments, running of Ashirward Eye and General Hospital at Dehgam, Ahmedabad, Gujarat, by Vithalbhai Foundation, Purushotham Park, Dehgam, Ahmedabad, Gujarat-382 305, as an eligible project or scheme - 507(E) - Income Tax

Ashirward Eye and General Hospital Project Extended Under Section 35AC of Income-tax Act for Three More Years

The Central Government has designated the project involving the provision of equipment and the operation of Ashirward Eye and General Hospital in Dehgam, Ahmedabad, Gujarat, managed by Vithalbhai Foundation, as eligible under section 35AC of the Income-tax Act, 1961. Initially specified for three years starting from the 1997-98 assessment year, the project has been extended for an additional three years beginning with the 2000-2001 assessment year. This extension follows a recommendation from the National Committee, acknowledging the project's proper execution. The estimated cost of the project is seventy-one lakhs fifty-nine thousand rupees.