Central government Approved various institution under section 35AC of the Income-tax Act, 1961 (43 of 1961) - 016/2003 - Income Tax

Central government Approved various institution under section 35AC of the Income-tax Act, 1961 (43 of 1961) Notification No. 16 of 2003, dt. 22nd Jan., 2003 S.O. 60 (E) - 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 of such cost which may be allowed as deduction under the said section 35AC, namely : 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. Siva Sakhti Sathya Sai Charitable Trust, No-3. Ponnlyamman Koil Street , Alapakkam, Chennal-600116 Corpus fund for Siva Sakhti Sathya Sal Charitable Trust ₹ 8.00 Crores (corpus fund) for Assessment Years 2003-2004. 2004-2005 and 2005-2006 i.e. for three years only. 2.Sri Simandhar Swami Aradhana Trust,5, Mamta Park Society, Behind Navgujarat College, Usmanpura, Ahmedabad-380014 Construction or expansion and running of Gurukul or Gyan Mandir and Health Care Clinic ₹ 228.54 lakhs for Assessment Years 2003-2004 and 2004-2005 i.e. for two years only, 3. Bharatha Swamukti Samstha, B-81, Industrial Estate, Rajaji Nagar, Bangalore-560044. BSS MICROLOAN AND SAVINGS PROJECT ₹ 124.00 lakhs for Assessment Years 2003-2004, 2004-2005 and 2005-2006 i.e. for three years only. 4. Bhadrajun Artisan Trust, N-19, Panchsheel Park, New Delhi- 110017. Construction of extension building and running of School. ₹ 6.00 lakhs for Assessment Years 2003-2004, 2004-2005 and 2005-2006 i.e. for three years only. 5. Rural Development Centre (RDC), Grace Bhavan, Motbung, Manipur-795107. Integrated Tribal Development Project. ₹ 176.04 lakhs for Assessment Years 2003-2004, 2004-2005 and 2005-2006 I.e. for three years only. 6. Bhansali Trust. 640-646, Panchratna Mama Parmanand Marg, Mumbal-400004. Integrated Rural Development Project. 4 [ ₹ 45.24 crore ] for Assessment Years 2003-2004. 2004-2005 and 2005-2006 i.e. for three years only. 7. People for Animals, 14, Ashoka Road, New Delhi - 110001 Maintenance of animal hospitals or shelters, purchase of medicine, feed, ambulances and running of animal awareness programme and the project. 2 [ ₹ 14.90 crore ] for Assessment Years 2003-2004. 2004-2005 and 2005-2006 i.e. for three years only. 2. This notification shall remain in force for a period of two years in relation to assessment years 2003-2004 and 2004-2005 in respect of project or scheme mentioned at serial number 2 and for a period of three years in relation to assessment years 2003-2004, 2004-2005 and 2005-2006 in respect of projects or schemes mentioned at serial number 1, 3, 4, 5, 6 and 7 of the said Table. [F No. NC-142/2002] ********* Notes 1. Substituted vide Notification No. S.O. 1479(E) [F.No. NC-274/09/2008] Dated 17-6-2008 before it was read as ₹ 1275.00 lakhs 2. Substituted vide Notification No. 46/2010 dated 17-5-2010 before it was read as ₹ 490.00 lakhs 3. Substituted vide Notification S.O.853(E) dated 27-04-2011 before it was read as 1 [ 18.94 crore ] 4. Substituted vide NOTIFICATION NO. 27/2015 DATED 6-1-2015 before it was read as 3 [ ₹ 32.14 crore ]