Exemption u/s 35AC - Approved various institution as an eligible Project or scheme - S.O.1045(E) - Income Tax

Exemption u/s 35AC - Approved various institution as an eligible Project or scheme NOTIFICATION NO. S.O.1045(E) DATED 18-10-2001 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 specifies the eligible projects or schemes of the institutions mentioned in column (2) of the table, as approved by such Committee whose estimated cost thereof as mentioned in column (3) of the said Table 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, namely : Serial 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. Aravali Vikas Mandal, 302, Maitri Co-operative Housing Society, Golangi Mill Road, Parel, Mumbai-400 012. Construction of building, residential quarters for staff, purchase of equipments/ machines, furnishing of Aravali Medical and Research Centre at Aravali, District Sindhidurg, Maharashtra, likely to cost ₹ 590 lakhs ₹ 548.90 lakhs 2. M. H. Channegowda Vidyanilaya (R), Maddur-571 428, Mandya District, Karnataka. Construction of building, purchase of equipments/books, furnishing, establishment and running of vocational education and training centre Kamla Nehru Education and Rehabilitation Centre at Mad dur Town, Mandya District, Karnataka, likely to cost ₹ 45.76 lakhs. ₹ 38.46 lakhs 3. Council for Rural Welfare, P. O. Sabang, District Midnapore, West Bengal 721 144. Construction of old age home at Bagberia village, Sabang Block, Midnapore District, West Ben gal, likely to cost ₹ 6.17 lakhs. ₹ 6.17 lakhs 4. Cipla Cancer and Aids Foundation, C/o. Cipla Ltd., Mumbai Central, Mumbai-400 008. Construction, furnishing, equipments, road development and running of Hemmed Institute for Education and Research in Palliative Care Science for medical and paramedical students at Warje, Pune, likely to cost ₹ 270 lakhs. ₹ 270 lakhs 5. Sense International (India), 405, Favorite Residency, Opposite Saint Xavier's Loyola School, Memnagar, Ahmedabad-380 015. Comprehensive rehabilitation services for the deafblind all over India, likely to cost ₹ 3 crores. 2 [ ₹ 10 crore ] 6. Development on Communication, Arts and Culture, Science, Economic and Education Centre (D-Casus-Education Centre), DCEC, H/o. Ningthou khong, Bishnupur District, Manipur-795 126. Construction of building for running of school and hostel and residential school for girls, sports materials, uniforms, utensils, furnishing, purchase of equipments, books, etc., at Ningthoukhong, Bishnupur District, Manipur, likely to cost ₹ 883.84 lakhs. ₹ 313.75 lakhs 7. Council for Rural Welfare, P. O. Sabang, District Midnapore, West Bengal 721 144. Farmers' Co-operation Centre for sustainable agriculture at Sabang Block, Midnapore District, West Bengal, likely to cost ₹ 5.94 lakhs. ₹ 4.45 lakhs 8. The Kuppuswamy Naidu Charity Trust for Education and Medical Relief, 88, Nethaji Road, Pappanaickenpalayam, Coimbatore-641 037. Running of Chidbavananda Rural Education and Medical Centre, Veerapandi, Rural Medical Centre at Anaikatti and construction and running of G. Kuppuswamy Naidu Memorial Hospital at Coimbatore, Tamil Nadu, likely to cost ₹ 557. 75 lakhs including a copus fund of ₹ 500 lakhs. 1 [ ₹ 757.75 lakhs including a corpus fund of ₹ 500 lakhs ] 9. Polio Eradication Private Sector Campaign Trust, C/o. United Phosphorus Ltd., Uniphos House, C.D. Marg, 11th Road, Khar (West), Mumbai-400 052. Polio Eradication Private Sector campaign all over India, likely to cost ₹ 2,500 lakhs. ₹ 2,500 lakhs 2. This notification shall remain in force for a period of two years in relation to the assessment years 2002-2003 and 2003-2004 in respect of project mentioned at serial No. 9 and for a period of three years in relation to the assessment years 2002-2003, 2003-2004 and 2004-2005 in respect of projects and schemes mentioned at Serial Nos. 1, 2, 3, 4, 5, 6, 7 and 8. [No. 326-2001/F. No. 100/2001] ********** Notes 1. Substituted vide NOTIFICATION NO. 29/2007 [F. No. NC-274/03/2007] DATED 7-9-2007 before it was read as ₹ 557.75 lakhs including a corpus fund of ₹ 500 lakhs 2. Substituted vide NOTIFICATION NO. 32/2013 DATED 17-10-2013 before it was read as ₹ 2 crores