Exemption u/s 35AC - Approved various institutions as an eligible project or scheme - S.O.20(E) - Income Tax

Exemption u/s 35AC - Approved various institutions as an eligible project or scheme NOTIFICATION NO. S.O.20 ( E ) DATED 6-1-1995 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 specified 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 Table below and also specifies in the column (4) of the said Table, the maximum amount of such cost which may be allowed as deduction under the said section 35AC. 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. Kushal Konwar Memorial Indoor Stadium Committee, Jorhat Town, Jorhat, Assam. Construction of Kushal Konwar Memorial Indoor Stadium Covering an area of 130' X 150' at Western Bank of Rajmao Tank, Jorhat, Assam: likely to cost Rs. 52.68 lakhs Rs. 17.68 lakhs 2. Ashepura Foundation, 81/82, Mittal Court, Nariman Point, Bombay-400 021. Digging of 3 water wells and construction of awadas at Kuthh, Gujarat; likely to cost Rs. 1 lakh. Rs. 1.00 lakhs 3. Rural Development Society, R.D.S. Bhawan, Wangjing Bazar, Wangjing-795 148. Manipur. Rural water and sanitation Development service Project at Thongjao, Nungourok, Heikakpokpi, Mantak, Irengband, Meitei and sora villages of Kakching, C.D. Block, Thoubal District, Manipur; likely to cost Rs. 19.23 lakhs. Rs.19.23 lakhs 4. Khail Shanker Durlabhji Avedna Ashram Trust, Bhawani Singh Marg, Jaipur-302 015, Rajasthan. Construction, furnishing and running of 100 bedded Khail Shanker Durlabhji Avedna Ashram, for providing free care to the terminally ill patients and a day care centre for elderly persons; likely to cost Rs.550 lakhs. Rs. 550.00 lakhs 5. Karnataka Health Institute, Ghataprabha, District Belgaum, Karnataka-591 310. Construction and running of Nursing College for imparting free education, accommodation, food and uniform to students at Ghataprabha, Belgaum, Karnataka; likely to cost Rs. 40.08 lakhs. Rs. 40.08 lakhs 6. Peace Foundation Centre Assam, Nababetani Goan, P.O. Naojan, District Golaghat, Assam. Health care and family welfare for Scheduled Tribes at Mdhyam Pur and Panjan, G.P. Dhhansiri Sub-division, Assam; likely to cost Rs. 1.89 lakhs. Rs. 1.89 lakhs 7. Farmer's Development Centre, Mangjing Khudrakpam Leikai, Manipur. Wasteland development by way of Tree Plantation on 135 hectares of wasteland at Khebung Ching Kangsang, Manipur ; likely to cost Rs. 27.86 lakhs. Rs. 27.86 lakhs 8. Bal Ganga Shiksha Prasar Samiti, Kemera (Kemer). P.O. Silyara, Via Ghansali, Theri Garhwal, Uttar Pradesh. Construction, furnishing and running of Bal Ganga Mahavidyalaya at Sandul, Kemer,Tehri Gerhwal, Uttar Pradesh; likely to cost Rs. 156.27 lakhs. Rs. 149.93 lakhs 9. Shri Sadguru Seva Sangh Trust, Mafatlal House, Backbay reclamation, Bombay-400 020. Running of Multifarious Rural Welfare Project consisting of Health Care, Maternity and Child Health Care, Polio Surgical correction, Sports, Cultural activities, etc., at Janki Kund, Chitra-koot, District Satna, Madhya Pradesh and at Anandpur; likely to cost Rs. 500 lakhs. Rs.402.00 lakhs 2. This notification shall remain in force for a period of two years in relation to the assessment years 1995-96 and 1996-97 in respect of projects mentioned at serial numbers 1, 2 and 7 and for a period of three years in relation to the assessment years 1995-96, 1996-97 and 1997-98 in respect of projects mentioned at serial numbers 3, 4, 5, 6, 8 and 9. [No. 9685/F. No. NC-132/94]