Exemption u/s 35AC - Approved various institution as an eligible Project or scheme - 629(E) - Income Tax

Exemption u/s 35AC - Approved various institution as an eligible Project or scheme NOTIFICATION NO. 629(E) DATED 5-7-2000 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 section 35AC, namely :--- TABLE Serial No. Name of the institutions Project or scheme and estimated cost thereof Maximum amount of cost to be allow-ed as deduction under section 35AC (1) (2) (3) (4) 1. District 324 A1 Lions Foundation for the Blind, Mandaveli Street, Som Nagar, Vannankut tai, Medavakkam, Chen nai-601 321. Project for establishing talking book bank, computer training and hostel facilities, construc tion of compound wall/septic tank and furnishing, electrifica tion and expenses for mainte nance/repair at Mandaveli Street, Som Nagar, Vannankut tai, Medavakkam, Chennai-601 302 ; likely to cost Rs. 5.40 lakhs. Rs. 5.40 lakhs 2. This notification shall remain in force for a period of three years in relation to the assessment years 2001-2002, 2002-2003 and 2003-2004 in respect of project or scheme mentioned in the Table. [No. 11417/F. No. NC-46/2000]