Notification u/s 35AC - Notifies the various institutions Approved by the National Committee - 357/2001 - S.O. 1209(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 357/2001 New Delhi, the 12 th December, 2001 S.O. 1209(E).- In exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC ofthe 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 Number Name of the Institution Project or scheme and estimated cost thereof Maximum amount of cost, to be allowed as deduction under section 35 AC (1) (2) (3) (4) 1. Ramji Assar Vldyala Wadi Trust, Mahatma Gandhi Road, Ghatkopar(East), Mumbai^00077, Construction of extension of building of Ramji Assar Vidyalaya 's English Medium School at Ghatkopar, Mumbai Maharashtra, likely to cost ₹ 80.00 lakhs. Rs.40.05 lakhs. 2. Rural Area Development Trust (RUADT), B-Dharmathupatti, Melachokkanathapuram - 625582, Bodinayakanur- (via), Theni District, Tamil Nadu. (a) Construction of Computer Training Centre, CBR Centre and Auditorium and running of home for care of orphans; (b) Rural Development Programme; and (c) Health and Family Welfare at Bodinayakanur, Chinnamanur, UthamapalayamBlocks in Theni District, Tamil Nadu, likely to cost Rs, 23,80 lakhs ₹ 10.92 lakhs 3. DonBosco Self Employment Research Institute, 120, Mirpara Road, P.O. Bhattanagar, Howrah-711203. Skill training with entreprenurship for poor drop-outs at West Bengal, likely to cost ₹ 585.00 lakhs including a corpus fund of ₹ 500.00 lakhs. Rs.585.00 lakhs including a corpus fund of ₹ 500.00 lakhs. 2. This notification shall remain in force for a period of one year in relation to assessment year 2002-2003 in respect of project mentioned at serial number 2 and for a period of three years in relation to assessment years 2002-2003, 2003-2004 and 2004-2005 in respect of projects mentioned at serial numbers 1 and 3. [F. No. 106/2001] G. C. SRIVASTAVA, Secy., N.C.