Exemption u/s 35AC -Approved various institutions as an eligible Project or scheme - S. O. 96(E) - Income Tax

Exemption u/s 35AC -Approved various institutions as an eligible Project or scheme NOTIFICATION NO. S. O. 96 ( E ) DATED 11-2-1999 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 specified in the column (4) of the said Table, the maximum amount of such cost which may be allowed as a deduction under the said section 35AC. TABLE Sl No. Name of the institutions Project or scheme and estimated cost thereof Maximum amount of cost to be allowed as deduction under section 35AC (1) (2) (3) (4) 1. The Srinivasan Parthasarathy Trust, 32, Kasturi Rangan Road, Chennai-600 018 Purchase of land/building and running of Bal Vidyalaya, the school for young deaf children at Shastri Nagar, Chennai ; likely to cost ₹ 62.20 lakhs. ₹ 55 lakhs 2. Jamnalal Bajaj Foundation, Bajaj Bhavan, 2nd Floor, 226, Nariman Point, J.L. Bajaj Marg, Mumbai-400 021. Rural development project at Wardha in Maharashtra and Gola/Palia/Shikohabad in Uttar Pradesh ; likely to cost ₹ 6.68 lakhs. ₹ 6.68 lakhs. 3. Jain Yuwa Sangathan, 51, Nalini Sett Road, 1st Floor, Calcutta 700 007. Construction of building, purchase of equipment and ambulance, expansion of Shree Digamber Jain Hospital and Research Centre at Mdhuban Village, District-Giridah of Bihar ; likely to cost ₹ 100 lakhs. ₹ 100 lakhs. 4. Sankalp Cultural Arts and Sports Circle, 3, Monali Co-operative Housing Society, Trimbak, Nasik 422 002. Setting up, purchase of equipments, furnishing and running of blood bank at Suyojit Trade Centre, Sharanpur Road, Nasik, Maharashtra ; likely to cost Rs. 120 lakhs ₹ 120 lakhs. 5. Karuna Setu Trust, Vadnagar- 384355, Gujarat. Running of hospital, purchase of equipments and welfare activities at Vadnagar, Mehsana District, Gujarat ; likely to cost Rs. 67.48 lakhs including a corpus fund of ₹ 30 lakhs. 3 [ ₹ 679.20 lakh including a corpus fund of ₹ 50 lakh ] 6. Samaj Seva Trust, Bareja Tal, Daskoi, Distt. Ahmedabad-382425 Purchase of equipments, furnishing and running of hospital at Village Bareja, Distt. Ahmedabad of Gujarat ; likely to cost Rs. 26.25 lakhs including a corpus fund of ₹ 11 lakhs ₹ 26.25 lakhs including a corpus fund of ₹ 11 lakhs. 7. New Hope Rural Leprosy Post Bag-1, Muniguda, Rayagada District, Orissa 765020. New Hope Rural Leprosy Post Bag-1, Muniguda, Rayagada District, Orissa 765020. (a) Construction of building and running of Artificial Limb Centre, purchase of equipments ; (b) Setting up, purchase of equipments and running of Vocational Training Centre for disabled children at Visakhapat-nam, Andhra Pradesh ; likely to cost ₹ 16.19 lakhs ₹ 16.19 lakhs 8. Bhil Seva Mandal, Chakalia Road, Dahod 389151, Gujarat. Expansion of educational activities by construction/repair of buildings and walls, purchase of equipment, erection of hedges/bunds / trenches, providing water tanks and pipe lines to economically weaker sections whose family income is not more than ₹ 18,000 per annum at Districts Panchmahal and Dahod of Gujarat ; likely to cost ₹ 282.50 lakhs including a corpus fund of ₹ 25 lakhs. ₹ 282.50 lakhs including a corpus fund of ₹ 25 lakhs. 9. The Cancer Institute (WIA) Trust, East Canal Bank Road, Gandhi Nagar, Adyar, Chennai-600 020. Providing free food and anti-cancer drugs to poor cancer patients in general wards of Cancer Institute, at Chennai, Tamilnadu ; likely to cost ₹ 650 lakhs as corpus fund. 2 [₹ 20,00 crore as corpus fund ] 10. Shri G. B. Pant Foundation, Dube Building, Dr. S. R. K. Marg, Andheri East, Mumbai-400 069. Construction of building and purchase of equipment for school/college at villages Manikpur and Parsipur of Districts Sant Ravidas Nagar, Uttar Pradesh ; likely to cost ₹ 75 lakhs ₹ 67 lakhs 2. This notification shall remain in force for a period of three years in relation to the assessment years 1999-2000, 2000-2001 and 2001-2002 in respect of projects or schemes mentioned in the said Table. [No. 10786/F. No. NC-132/98] ---------------------- Notes:- 1. Amended vide S.O. 1146(E) - Dated 17-5-2010 . Also see Not. 318/2002 , 114/2004 - Dated 19-3-2004 , SO 1298(E) - Dated 4-6-2008 , 2. Amended vide Not. 94/2015 - Dated 11-2-2015 , Also see Not. 42/2009 - Dated 25-3-2009 . Not. 097/2011 - Dated 11-8-2011 , 3. Substituted vide NOTIFICATION NO. 100/2013 DATED 27-12-2013 before it was read as 1 [ ₹ 373.60 lakh including a corpus fund of ₹ 50 lakh ]