Exemption u/s 35AC - Central Govt. approved various institutions as an eligible project or scheme - 144/2003 - Income Tax

Exemption u/s 35AC - Central Govt. approved various institutions as an eligible project or scheme Notification No. 144 of 2003, dt. 13th June, 2003 . 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 Serial Number Name of the Institution Project or scheme and estimated cost thereof Maximum amount cost to be allowed as deduction under section 35AC (1) (2) (3) (4) 1. The Poona School and Home for the Blind Trust, 14/17, Koregaon Park, Dr. Machave Road, Pune-411001. Construction of eye hospital building (for blind), internals roads, site development, purchase of furniture, air conditioners, medical equipments, electrical fittings etc. Rs. 439.00 Lakhs for Assessment Years 2004-2005, 2005-2006 and 2006-2007 i.e. for three years only. 2. AMCHA CHAR, 406/7, Deep Sagar Building, Light House Road, Uttan, Bhayandar, Thane, Bombay-401106 (a) Purchase of land (b) Construction of home for destitute girls (c) Construction of High School and technical institute and (d) running of the project. Rs. 1157.10 lakhs for Assessment Years 2004-2005 and 2005-2006 i.e. for two years only. 3. Chittaranjan Seva Pratisthan, 5, Rajkamal, Opp. University Campus, Vidyanagari Marg, Kalina, Mumbai-400098. Running of Vocational Training Centre for economically weaker section of Society. Rs 100.00 lakhs (corpus fund) for Assessment Years 2004-2005, 2005-2006 and 2006 -2007 i.e. for three years only. 4. SR Trust C/o Meenakshi Mission Hospital and Research Centre at Lake Area Melur Road, Madurai, Tamil Nadu-625107. Comprehensive Woman Child Development Project. Rs. 1091.33 lakhs for Assessment Years 2004-2005, 2005-2006 and 2006-2007 i.e. for three years only. 2. This notification shall remain in force for a period of two years in relation to assessment years 2004-2005 and 2005-2006 in respect of project or scheme mentioned at serial number 2 and for a period of three years in relation to assessment years 2004-2005, 2005-2006 and 2006-2007 in respect of projects or schemes mentioned at serial numbers 1, 3 and 4 of the said Table [F.No. NC-81/2003]