Exemption u/s 35AC -Approves various institutions as an eligible project or scheme - S.O.740(E) - Income Tax

Exemption u/s 35AC -Approves various institutions as an eligible project or scheme NOTIFICATION NO. S.O.740 ( E ) DATED 12-10-1994 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 specified 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 Table below and also specifies in column (4) of the said Table, the maximum amount of such cost which may be allowed as deduction under the said section 35AC. TABLE Sl. 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. Hinduja Foundtion A-9/34, Vasant Vihar, New Delhi-110 057 Hinduja Foundation Sports Fund Schemes providing for financial assistance to 20 Asian Games Medalists, 15 Adoptees and 10 upcoming sportspersons and expenditure on cost of diet and playing kit to 18 best women weightlifters, likely to cost ₹ 51 lakhs. ₹ 51 lakhs 2. Kannada Jyothi Education Society,No.2,Ist Cross, S.G Palya, D.R.C. Post, Bangalore-560 029 Furnishing and running of vocational training centre at K.J. Vocational Training Centre, Thavarekere, Bangalore, likely to cost ₹ 650 lakhs. ₹ 5.85 lakhs 3. Smt. Laxmiben J. Sethia Charitable Trust, Laxmi Villa, 14, Bhaktinagar Society Rajkot-360 002 (Gujarat). Construction, Furnishing and running of Smt. Laxmiben J. Sethai Charitable Trust Sanchalit Pathikashram at Janana Hospital Compound, Rajkot, Gujarat, likely to cost ₹ 70 lakhs ₹ 70 lakhs 4. Karnataka Badminton Association, C/o. C-5c, Unity Buildings, J.C. Road, Bangalore-560 002 Construction of Indoor Bad- minton Stadium at Millers Road, Bangalore, likely to cost ₹ 244.81 lakhs 1 [ ₹ 160.00 lakhs ] 5. Shree Bidada Sarvodaya Trust, C/o Laxmichand Vishaji Rambhai, PlotNo.62,Dattashram,2nd Floor, Sir Bhalchandra Road, Hindu Colony, Road No.2, Dadar (C.R.), Bombay-400014. Health for all comprising running of 50 bedded hospital general dispensary, child and mother care centre, T.B clinic and conduction medical camps on pneumatic heart diseases at Village Bidada, taluka Madvi of Kutch, Gujarat, likely to cost ₹ 265 lakhs. 3 [ 325.00 lakhs ] 6. Arya Samaj Matunga, 303, Bhimani Street Matunga, Bombay-400 019. Construction of building in an area of 1,881.61 sq. mtrs for running of school at Plot No. 3, Kandivalli Village, Charkop Kandivalli, Bandra, Bombay Suburban District, Bombay, likely to cost ₹ 62.50 lakhs ₹ 32.50 lakhs 7. Sri Kanchi Koomakoti Medical Trust, 77, West Ponnurangam Road, R.S. Puram, Coimbatore-641 002. Gift of Vision, Phase-II-Rural Outreach Eye Care Programme with emphasis on eye care; preventable and communicable diseases like AIDS; maternal and child care; small family norm and tuberclousis-identification and furnishing of additions to the existing building of Sri Kanchi Kamakoti Hospital at Sar-vanampatti, Coimbatore and construction of quarters of A and B type for the trust, likely to cost ₹ 187.74 lakhs. ₹ 158.74 lakhs 8. Sarbananda Singha Stadium Committee, C/o Deputy Commissioner and District Magistrate, Tinsukia District, Assam. Construction of Sarbananda Singha Sports Complex at Tinsukia,Assam.likely to cost ₹ 614 lakhs. ₹ 476 lakhs 9. Bharat Sevashram Sangha, 211, Rash Behari Avenue, Calcutta-19(West Bengal). Welfare project for rural tribes comprising construction, furnishing equipment running of hospital, vocational training-cum-production unit, residential school and model demonstration farm at Barajuri, Ghatsilla (near Jamshedpur), likely to cost ₹ 154.30 lakhs. ₹ 142 lakhs 10. Bhagwan Mahaveer Cancer Hospital and Research Centre, Journal House, A-95, Janta Colony, Jaipur, Rajasthan-302 004. Construction of Phase-I of Bhagwan Mahaveer Cancer Hospital and Research Centre at Jawaharlal Nehru Marg, Jaipur, Rajasthan, likely to cost ₹ 1,429 lakhs. 4 [ ₹ 2676 lakhs ] 11. Nehru Centre, Discovery of India Building, Dr. Annie Besant Road, Worli, Bombay-400 018. (a) Slum clearance and re-settlement of slum dwellers at CS Nos.41/47 and 16/47 of Lower Parel Division-construction of 788 units at Lower Parel, Bombay; (b) Redevelopment of a slum and rehabilitation of slum dwellers located at CS 383 of Tulsi Wadi area, Bombay--construction of 2,800 units at Tulsi Wadi, Bombay, likely to cost ₹ 2,800.00 lakhs. ₹ 2,213.00 lakhs 2. This notification shall remain in force for a period of one year in relation to the assessment year 1995-96 in respect of project mentioned at serial number 2 and for a period of two years in relation to the assessment years 1995-96 and 1996-97 in respect of projects mentioned at serial numbers 4, 5, 6 and 10 and for a period of three years in relation to the assessment years 1995-96, 1996-97 and 1997-98 in respect of projects mentioned at serial numbers 3, 7, 8, 9 and 11 and for a period of three years in relation to the assessment years 1996-97, 1997-98 and 1998-99 in respect of project mentioned at serial number 1. [No. 9629/F. No. NC-104/94] ******* Notes 1. Substituted vide Notification No. 9884 dated 29-9-1995 before it was read as ₹ 100 lakhs 2. Substituted vide NOTIFICATION NO. 11191 DATED 4-1-2000 before it was read as ₹ 187.71 lakhs 3. Substituted vide NOTIFICATION NO. 407 dated 30-12-2002 before it was read as 2 [ ₹ 287.71 lakhs ] 4. Substituted vide Notification No. 191 of 2003, dated 05-08-2003 . Earlier substituted vide NOTIFICATION NO. 11507 DATED 21-9-2000