The Central Government approved various Institution u/s 35AC of the Income-tax Act, 1961 - 365/2002 - Income Tax

The Central Government approved various Institution u/s 35AC of the Income-tax Act, 1961 NOTIFICATION No. 365 Dated 9th December. 2002 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. Bongaigaon Refinery and Petrochemicals limited, P.O. Dhaligaon District Bongaigaon, Assam-783385 Welfare schemes ₹ 85.00 lakhs for Assessment Years 2003-2004, i.e.for three years only. 2. Puj Shri Nemichand Kesharchand Manot CharitableTrust, Hirkesh ,Behind Dist. Co.-op Bank Ltd., Station Road, Ahmednagar. Construction of building, Free Medical facilities, Rehabilitation of Leprosy cured people and grant of freeship to economically weaker sections ₹ 39.60 lakhs for Assessment Years 2003-2004, 2004-2005 and 2005-2006 i.e. for three years only. 3. Shree Gopinathjidev Kelvani Trust Gadhada Shree Swaminarayan Gurukul, Near Railway Station, Ahmedabad, Sihor-364240. Running of an educational project at Sihor. ₹ 170.00 lakhs (corpus fund) for Assessment Years 2003-2004, 2004-2005 and 2005-2006 i.e. for three years only. 4. Ashurali Vivekananda Smriti Sangha, Village Ashurali, P.O. Sadhurhat, District 24 Parganas (South), West Bengal Construction of Maternity ward latrines, training for traditional Birth Attendants (TBA), health workers, purchase of maternity ward equipments/TBA Kits, Ambulance Van etc., organise awareness camps/ health melas and running of community based health services for 20 villages, Diamond Harbour, II Block, 24-Parganas (South), West Bengal ₹ 20.00 lakhs for Assessment Years 2003-2004 and 2004-2005 i.e. for two years only. 5. Ashurali Vivekananda Smriti Sangha, Village Ashurali, P.O. Sadhurhat, District 24 Parganas (South), West Bengal Economic rejuvenation of small marginal farmers through Capacity Building Programme (Construction of godown and office room, purchase of equipments, motorcycle, projector, slides, tape recorder, Agro inputs and running expenses), Diamond Harbour, II Block, 24-Parganas (South), West Bengal. ₹ 6.00 lakhs for Assessment Years 2003-2004 and 2004-2005 i.e. for two years only 6. Ashurali Vivekananda Smriti Sangha, Village Ashurali, P.O. Sadhurhat, District 24 Parganas (South), West Bengal Purchase of tape recorders, cassettes, instructional aids, paddy, chicks, 2 rickshaw vans, teaching aid, fuel, feed and vaccine etc.and running of self-sustainable inter supportive women and child development programme in two villages.Diamond Harbour, II Block, 24-Parganas (South), West Bengal. ₹ 2.98 lakhs (corpus fund) for Assessment Years 2003-2004 and 2004-2005 i.e. for two years only 7. Dau Dayal Mahila Mahavidyalaya Society, Regd. Office: Bye Pass Road, Firozabad (U.P.) Purchase of, land, construction of building, hostel for women at Dau Dayal Mahila Mahavidayalaya (PG) College, Firozabad. ₹ 226.75 lakhs for Assessment Years 2003-2004, 2004-2005 and 2005-2006, i.e. for three years only. 8. Sri Vadilal S. Gandhi Charitable Trust, Antisar Darwaja, Kapadvanj-387 620, District Kheda, Gujarat. Rehabilitation of the disabled ₹ 269.42 lakhs plus a corpus fund for Assessment Years 2003-2004, 2004-2005 and 2005-2006, i.e. for three years only. 9. Shri Shah Khimchand Laxmichand Institute for Deaf Dumb School Trust, 51, Vidyanagar, Bhavnagar-364001. Construction of auditorium and running of deaf and dumb school, Bhavnagar. ₹ 731.00 lakhs including a corpus fund of ₹ 700.00 lakhs for Assessment Years 2003-2004, 2004-2005 and 2005-2006 i.e. for three years only 10. The Guild of Service -- MCJ Special High School for the Hearing Imparied, Off. 28 29, Casa Major Road, Egmore, Chennai-600001. Construction of building, purchase of furniture, computer, equipments and school vans-MCJ Special High School for the Hearing Impaired, Annanagar West -101. ₹ 37.42 lakhs for Assessment Years 2003-2004, 2004-2005 and 2005-2006 i.e. for three years only. 11. Shraddha Rehabilitation Foundation. Garnet, Behind Shanti Ashram, Borivili (W), Mumbai-400003. Shraddha Rehabilitation Foundation-Centre for mentally ill destitutre. Garnet, Behind Shanti Ashram, Borivili (W), Mumbai-400 003. 1 [ ₹ 150.00 lakhs ] 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 one year in relation to assessment years 2003-2004 in respect of projects or schemes mentioned at serial number 1 and for a period of two years in relation to assessment years 2003-2004, 2004-2005 in respect of projects or schemes mentioned at serial number 4,5,6 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 2,3,7,8,9,10 and 11 of the said Table. Sd/- (Q.C. Srivaatava) Secretary (National Committee) F.No.NC-113/2002 ******* Notes 1. Substituted vide NOTIFICATION NO. 125/2007, DATED 29-3-2007 before it was read as ₹ 43.30 lakhs