Exemption u/s 35AC - Approved various institution as an eligible Project or scheme - 258(E) - Income Tax

Exemption u/s 35AC - Approved various institution as an eligible Project or scheme NOTIFICATION NO. 258(E) DATED 22-3-2001 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 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 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. Sushrut Research and Medi- cal Centre, Behind Nova Village, Sarkhej-Gandhi nagar Highway, 224, Bodakdev, Tal. Daskroi, District Ahmedabad (Guja rat). Construction of building, purchase of equipment, computers, vehicles, furnishing, preliminary and preoperative expenses of hospital at District Ahmedabad, Gujarat, likely to cost ₹ 3,723 lakhs. ₹ 3,509.91 lakhs 2. The Tirupur Improvement Trust, 33, M. P. Nagar, Tirupur-641 607. Traffic improvement scheme for Tirupur Town at 16 places in Tirupur Town, TamilNadu, likely to cost ₹ 56 lakhs. ₹ 53.39 lakhs 3. Prompt Care International Foundation, 8/203, 204, Liliyanagar, Off. S. V. Road, Near Kamath Club, Goregaon (West), Mum bai-400 062. Kidney Care Project at Mumbai and surrounding places, likely to cost ₹ 700 lakhs (corpus fund). ₹ 700 lakhs (corpus fund) 4. Sri Aurobindo Education Society, Sri Aurobindo Ashram-Delhi Branch, Sri Aurobindo Marg, New Delhi-110 016. Construction of 50 primary schools in cyclone devastated Orissa, likely to cost ₹ 389 lakhs. ₹ 389 lakhs 5. Jamnalal Bajaj Foundation, Bajaj Bhavan, 2nd Floor, 226, J. L. Bajaj Marg, Nariman Point, Mumbai-400 021. Rural Development Project at Wardha (Maharashtra), Gola and Shikohabad (Uttar Pradesh), likely to cost ₹ 13.86 lakhs. ₹ 13.86 lakhs 6. Krishi Gram Vikas Kendra (K. G. V. K.), P. O. Neori Vikas, Ormanjhi, Ranchi, Rukka, Bihar, Pin- 835 217. (a) Construction of building for Administrative Block, Academic Block, residence, purchase of books, equipments, furnishing and running of Krishi Gram Vikas Kendra Research and Training Institute for Self Help Group formed by rural poor living below poverty line and (b) Setting up of six bedded sterilization ward with operation theatre, purchase of Mobile Van (Ambulance) and running of project for promotion of small family norms and population control at District Ranchi, Bihar, likely to cost ₹ 196.08 lakhs. ₹ 196.08 lakhs 7. Muni Seva Ashram, Goraj-391 760, Tal, Vaghodia, Dis trict Vadodara, Gujarat. Construction of building, furnishing, purchase of equipments, water works of Kailas Cancer Hospital and Research Centre at District Vadodara, Gujarat, likely to cost ₹ 8,924.79 lakhs. 1 [ ₹ 71.18 crore ] 8. The Lepra India Trust, 4-Jai pur Estate, Nizamuddin East, New Delhi-110 013. Setting up a rehabilitation centre for Leprosy affected youth and purchase of furniture, equipments, wheel chair, appliances, tools and vehicles at Delhi, likely to cost ₹ 248 lakhs. ₹ 213.77 lakhs 2. This notification shall remain in force for a period of one year in relation to the assessment year 2001-2002 in respect of project mentioned at serial number 5 and for a period of three years in relation to the assessment years 2001-2002, 2002-2003 and 2003-2004 in respect of projects mentioned at serial numbers 1, 2, 3, 4, 6, 7 and 8. [No. 80/2001/F. No. NC-123/2000] ********** Notes 1. Substituted vide NOTIFICATION NO. 39/2013 DATED 17-10-2013