Notified under section 35AC (b) of the Income Tax Act, 1961 for Running of hospital etc at Gujarat - Amendment in N. No. S.O.96 (E) dated the 11th February, 1999 - 114/2004 - Income Tax Act, 1961
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Section 35AC eligibility extended for hospital project; project period extended and maximum project cost increased. The Central Government, on the National Committee's recommendation and under the Explanation to section 35AC, specifies Karuna Setu Trust's hospital maintenance, equipment purchase and welfare scheme at Vadnagar, Mehsana District, Gujarat as an eligible project for a further three years beginning financial year 2004-2005, and amends the original notification by increasing the maximum allowable project cost to a revised total that expressly includes a corpus fund.
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Section 35AC eligibility extended for hospital project; project period extended and maximum project cost increased.
The Central Government, on the National Committee's recommendation and under the Explanation to section 35AC, specifies Karuna Setu Trust's hospital maintenance, equipment purchase and welfare scheme at Vadnagar, Mehsana District, Gujarat as an eligible project for a further three years beginning financial year 2004-2005, and amends the original notification by increasing the maximum allowable project cost to a revised total that expressly includes a corpus fund.
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