Notification u/s 35AC - Notifies the various institutions Approved by the National Committee - 372/2001 - Income Tax

Notification No. 372/2001 Dated 28-12-2001 S.O. 1267(E) - In exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government, on the recommendations of the National Committee, hereby approves the institutions mentioned in column (2) of the Table below and specifies the eligible projects or schemes and the estimated cost thereof as mentioned in column (3) of the said Table and also specifies in the column (4) of the said Table, the maximum amount of such cost which may be allowed as deduction under the said section 35AC . namely : - TABLE Serial No. Name of the Institution Project or scheme and estimated cost thereof Maximum amount of cost to be allowed as deduction under section 35AC (1) (2) (3) (4) 1. Smt. Ushaben Rasiklal Shaw Digvijay Lion Dard: Sahayak Trust, 5, Vishranti Gruh, Opp. Civil Hospital, Ahmedabad-380016. Running of free medical services by Dardi Sahavak Trust at whole of Gujarat, likely to cost ₹ 51 lakhs including a corpus fund of ₹ 15 lakhs 2 [ ₹ 171 lakh including a corpus fund of ₹ 15 lakh ] 2. Bureau for Integrated Rural Development, No.62. Karpagavinayagar Koil Street, Perumberkandigai Village, Thozhupedu Post-603310 Kancheepuram District, Tamilnadu Construction of Home for the Aged at the Perumberkandigai, Village Acharapakkam Block, Kancheepuram District, Tamilnadu, likely to cost ₹ 23 lakhs ₹ 23 lakhs. 3. Gandhigram Trust, Gandhigram P.O., Dindigual District (Tamil Nadu), Pin-624302. Sustainability and building corpus fund for children's home/hospital/education institution of Gandhigram Trust at Gandhigram, Dindigul District, Tamil Nadu, likely to cost ₹ 45 lakhs (corpus fund). ₹ 45 lakhs (corpus fund). 4. 1 [ Raman Kant ] Munjal Foundation, 37, Basant Lok, Vasant Vihar. New Delhi- 110057. Construction of building, purchase of equipments, furnishing and running of Raman Munjal Memorial 1 [ Hospital ] at Village Sidrawali, District Gurgaon. Haryana, likely to cost ₹ 567.64 lakhs p lus a corpus fund of ₹ 500 lakhs. ₹ 310.51 lakhs plus a corpus fund of ₹ 500 lakhs. 5. Kiwanis Club of New Delhi, Kiwanis Bhawan, B-35, Qutub Institutional Area, New Delhi- 110016. Purchase of plants, m/c tools, Hand tools etc. and running of Artificial Limb Centre al B-35, Qutub Institutional Area. New Delhi, likely to cost ₹ 500 lakhs (corpus fund). ₹ 200 lakhs (corpus fund). 6. The Society for Physically Handicapped, Ahmedabad, Marutnandan Complex, (Sudama House), Pritamnagar, 1 st Slope, Ellisbridge, Ahmedabad - 380006. Construction of building for Training and Rehabilitation Centre for Physically Handicapped people at Bodakdev, Panchayat, Ahmedabad, City Taluk, Gujrat, likely to cost ₹ 133.56 lakhs. ₹ 74.97 lakhs. 7. Shri Dattatreya Gnana Bodha Satsang Sabha Charitable Trust (Regd.), Sri Dattatreya Fertilizer Project, A-16, Neeti Bagh, New Delhi -110049. Purchase of land, land development, construction of building, purchase of equipments, vehicles for setting up and running of Sri Dattatreya Fertilizer Project at Swaroop Nagar, GT Karnal Road, Delhi, likely to cost ₹ 1600 lakhs. ₹ 1600lakhs. 8. Maharana Pratap Charitable Trust, 25D, Harish Mukherjee Road, 1 E, First Floor, Calcutta - 700025. Establishment and maintenance of centre for non-formal education and training for self-employment primarily for women and weaker sections of the society at Village Danta (Sikar), Rajasthan and Calcutta (West Bengal), likely to cost ₹ 272 lakhs. ₹ 272 lakhs. 9. Gajraben Nanubhai Desai Public Charitable Trust, 101, Ravji Premji Apartment, 262, S.V. Road, Borivali (West), Muinbai -400092 Medical/educational help to poor and needy persons at Mumbai, likely to cost ₹ 100 lakhs including a corpus fund of ₹ 75 lakhs ₹ 103 lakhs including a corpus fund of ₹ 75 lakhs. 2. This notification shall remain in force for a period of three years in relation to assessment years 2002-2003, 2003-2004 and 2004-2005 in respect of projects mention in the Table. [F. No.-118/2001] ******** Notes 1. Corrected vide Notification No. 7/2002 [F. No. NC-140/1999] Dated 22-1-2002 before it was read as Ramakant and Trust 2. Substituted vide Notification No. 126/2011 Dated 27-12-2011 . Earlier substituted vide Notification No. S.O. 237 (E) dated 15-02-2007