Approved various institutions u/s 35AC of Income-tax Act, 1961 - 058/2003- S.O.333(E) - Income Tax

Approved various institutions u/s 35AC of Income-tax Act, 1961 Notification No. 58 of 2003, dt 28th March 2003 S.O.333(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 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. Pranab Kanya Sangha, P.O. Haridayapur 743204,District North 24 Parganas (West Bengal) Expansion of existing orphanages by adding rooms, kitchens, dinning rooms, staff quarters, vocational training centre, purchase of van and running of the project; ₹ 42.78 Lakhs for Assessment Yea₹ 2003-2004, 2004 - 2005 and 2005 -2006 i.e. for three years only. 2. Indian Red Cross Society, Nellore District Branch, Red Cross Road , Near Vegetable Market, Nellore . Construction of extension building, purchase of medical equipments, furniture, running and maintenance of cancer detection / radiotherapy centres. ₹ 600.00 lakhs including a corpus fund of ₹ 250.00 lakhs for Assessment Year 2004 -- 2005 i.e. for one year only. 3. Vyakti Vikas Kendra, India No.19, 39 th A Cross, 11 th Main IV T Block, Jayanagar, Banglore 560041 Tribal Welfare Projects ₹ 2.86 crores for Assessment Yea₹ 2003 -2004 and 2004 -2005 i.e. for two years only. 4. Ganga Education Society, C/o Ganga Hospital, New building, Rankala Vesh, Kolhapur 416012 Health Awareness Generation Camps and Health Check up Scheme ₹ 42.19 lakhs for Assessment Yea₹ 2003 -2004, 2004 -- 2005 and 2005 -2006 i.e. for three years only. 5. Kalathur V Subramania lyer Memorial Trust, Industrial Training Instltutue. 24, (New No. 17) South Mada Street. Srinagar Colony. Saidapet, Chennal 600 015. Construction of extension building and purchase of equipments. ₹ 20.00 lakhs for Assessment Yea₹ 2003-2004, 2004 - 2005 and 2005-2006 i.e. three years only subject to the condition that fifty per cent of the beneficiaries should be from economically weaker sections of the society whose annual income is ₹ 18,000.00 or less. 6. Mahatma Ganghi Memorial Medical Thrust, 25-9-26, Sreerampuram, Bhimavaram 534 202, West Godavari District (Andra Pradesh) Construction of building, patients wards, consultation wards, rooms etc. and purchase of equiptments for Rural Cancer Radiation Centre. ₹ 300.00 lakhs for Assessment Yea₹ 2003-2004 2004-2005 and 2005-2006 i.e. for three years only. 7. Seva Mandir, OldFetapura, Udaipur -313004 (Rajasthan) Comprehensive Rural Development project for upliftment of the rural poor especially tribal. ₹ 500.00 lakhs including a corpus fund of ₹ 200.00 lakhs for Assessment Yea₹ 2003-2004, 2004-2005 and 2005-2006 i.e. for three years only. 8. Swami Shri Prempuriji Ashram Thrust, Prempuri Adhatma Vidya Bhavan, Swami Prempuriji Chowk Babrunath Road , Mumbai -- 400007. Running of Welfare programmes. ₹ 500.00 lakhs (corpus fund) for Assessment Yea₹ 2003-2004, 2004-2005 and 2005-2006 i.e. for three years only. 9. Shree Pandit Ratnachandraji Jain (SPRJ), Kanyashala Thrust,Jag-Dhir Boda Vidhya Sankul, Cama Lane, Ghathkopar (W.), Mumbai -- 400086. Construction of school building, purchase of furniture, computers, equipments, air conditioners. ₹ 424.13 lakhs for Assessment Yea₹ 2003-2004 and 2004-2005 i.e. for three years only subject to the conditions that audited accounts for 2001-2002 are submitted by the Thrust 10. Sunrise Charitable Thrust, A/401, Ambica Complex, Kheda Gujarat Purshase of office premises furnitures / fixtures and medical relief to economically weaker sections of the society. ₹ 274.00 lakhs for Assessment Yea₹ 2003-2004, 2004-2005 and2005- 2006 i.e. for three years only. 2. This notification shall remain in force for a period of one year in relation to assessment yea₹ 2004-05 in respect of project or scheme mentioned at serial number 2 and for a period of two years in relation to assessment yea₹ 2003-04 and 2004-05 in respect of projects or schemes mentioned at serial numbers 3 and 9 and for a period of three years in relation to assessment yea₹ 2003-04, 2004-05 and 2005-06 in respect of projects or schemes mentioned at serial numbers 1,4,5,6,7,8 and 10 of the said Table. Sd/- (G.C. Srivastava) Secretary (National Committee) F.No. NC-166/2002