Exemption u/s 35AC - Approves Various institutions as an eligible projects and schemes - S.O.713(E) - Income Tax

Exemption u/s 35AC - Approves Various institutions as an eligible projects and schemes NOTIFICATION NO. S.O.713 ( E ) DATED 8-8-1995 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 estimated cost thereof Maximum amount of cost to be allowed as deduction under section 35AC (1) (2) (3) (4) 1. Falasan Vividh Vikas and Kelvani Mandal, At P.O. Taluk Idar, District Sabarkantha, Gujarat. Construction of high school building at Village Falasan, Taluk Idar, District Sabarkantha, Gujarat. ₹ 10.19 lakhs 2. Sri Ramakrishna Sevashram, Radha Lakshmi Nivas , K.R. Extension, Pavagada, Tumkur, Karnataka-561 202 Construction, establishment and running of 30-bed Swami Vivekananda Integrated Rural Centre for elimination of leprosy and T.B. at Pavagada Taluk, Tumkur, Karnataka. 3 [ ₹ 8.00 crore ] 3. Janaseva Foundation, 699, Pulachi Wadi, Deccan Gymkhana, Pune-411 004, Maharashtra. Construction of 150-ben old age home at Village Ranawadi, Taluka Velhi, District Pune, Maharashtra. ₹ 77.75 lakhs 4. The Sports Coaching Foundation, 203, Crescent Towers, Masab Tank, Hyderabad-500 028. (a) Sports Coaching Foundation capital nature project; (b) Sports Coaching Foundation revenue nature project; at Masab Tank, Hyderabad, Andhra Pradesh. 1 [ ₹ 42.86 lakhs ] 5. Lok Niketan, Ratanpur, Taluka Palanpur, District Banaskantha, Gujarat 385 001. Construction/expansion of Gram Vidyapeeth, 6 higher secondary schools, 9 hostels, 10 residential accommodation for teachers, guest houses, agricultural development, animal husbandary and heath care at Ratanpur, Taluka Palanspur, District Banaskantha, Gujarat. ₹ 722.50 lakhs 6. Shantha Jeeva Jyothi, 348, Jalakande Swarapura, (Behind KSRTC Quarters), Shanthinagar, Bangalore-560 030, Karnataka Leprosy Eradication and Mother and Child Heath Programme at Bangalore, Karnataka. ₹ 9.63 lakhs 7. Indian Council for Child Welfare, Tamil Nadu, 5-111, Main Road West, Shenoy Nagar, Madras-30 Construction, furnishing and running of childcare workers (Balasevika) Training Centre at Madras. ₹ 87.28 lakhs 8. The Poona Blind Men's Association, 82, Rasta Peth, Pune 411-011, Maharashtra. The Poona Blind Men's Association 50-bed eye hospital at Mohammedwadi, Off Hadapsar, Taluk Haveli, District Pune, Maharashtra. ₹ 668.70 lakhs 9. Palsa Pally Unnayan Samity, Village Palsa, P.O. Gorora, (C-4258), Via-Nabagram, Murshidabad, West Bengal-84. Development of playground at at Mouza-Palsa, JL-No. 65, Plots Nos. 104, 106, 107 at Murshidabad, West Bengal. ₹ 0.70 lakhs 2. This notification shall remain in force for a period of one year in relation to the assessment year 1996-97 in respect of the project mentioned at serial number 9 and for a period of three years in relation to the assessment years 1996-97, 1997-98 and 1998-99 in respect of projects mentioned at serial numbers 1, 2, 3, 4, 5, 6, 7 and 8. [No. 9833/F.No. NC-77/95] ********* Notes 1. Substituted vide Notification No. 10287 dated 12-03-1997 before it was read as ₹ 27.86 lakhs 2. Substituted vide Notification no. 133/2007 dated 29-3-2007 before it was read as ₹ 142 lakhs 3. Substituted vide Notification no. 12/2015 dated 6-1-2015 before it was read a s 2 [ ₹ 292.00 lakhs ]