Exemption u/s 35AC - C. G. had notified, Construction of building, medical equipments, furnishing, ambulance and preliminary expenses of 30 bed hospital by Dr. M.L. Dhawale Memorial Trust, Mumbai, as an eligible project or scheme - Amendment in N. No. S.O. 862(E), dated the 12th Dec. 1997
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Tax exemption under section 35AC extended for trust's hospital scheme with amended project cost and timeframe.
The Central Government, under the Explanation to section 35AC and on a National Committee recommendation, extends by three years the notified eligible project executed by Dr. M.L. Dhawale Memorial Trust for hospital construction, modernisation, mobile clinics and community health workers, and amends the notified maximum project cost by substituting the earlier figures with a revised single project cost for the extended period.