Exemption u/s 35AC - of the Income-tax Act, 1961, the Central Government had specified for various institutions as eligible project or schemes - 001/2007 [F.No. NC-274/3/2007] - Income Tax

Exemption u/s 35AC - of the Income-tax Act, 1961, the Central Government had specified for various institutions as eligible project or schemes Notification No. 1/2007 [F.No. NC-274/3/2007], Dated 16-7-2007 S.O. 1145(E) - 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 for Promotion of Social and Economic Welfare, 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 the column (4) of the 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) (2) (3) (4) 1. Health foundation Research Centre Raliyati, Dahod - 389151, Gujarat. Upgradation and Provision of Additional Health Care Facility and Free Ward plus free facility. Likely to cost ₹ 7.87 crores. ₹ 7.87 crores for financial years 2007-08, 2008-09 and 2009-10, i.e., for three years only. 2. Kerala Ex-Servicemen Welfare Association (KEXWA) Civil Station - Kunnumpuram Road, P.O. Kakkanad, Kochi - 682030, Kerala. Sainik Ashram. Likely to cost ₹ 1.65 crores ₹ 1.65 crores for financial years 2007-08, 2008-09 and 2009-10, i.e., for three years only. 3. Sevalaya, 3, First Link Street, Karpagam Gardens, Adyar, Chennai - 600020, Tamilnadu. Sevalaya School expenses project to meet the running expenses of the school and to build corpus fund. Likely to cost ₹ 4.00 crores including a corpus fund of ₹ 3 crores. 1 [ ₹ 10.00 crore including a corpus fund of ₹ 3.00 crore ] financial years 2007-08, 2008-09 and 2009-10, i.e., for three years only. 4. Child in Need Institute-CINI, Village-Daulatpur, P.O.- Pailan, Via-Joka, District 24 Parganas (South), Kolkata - 700 104, West Bengal. Sustainable Development in Health, Nutrition and Education for Child, Adolescent and Women in Need. Likely to cost ₹ 3.76 crores. ₹ 3.76 crores for financial years 2007-08, 2008-09 and 2009-10, i.e., for three years only. 5. Karnataka Health Institute, Ghataprabha, District Belgaum - 591310, Karnataka. ( i ) Upgradation and improvement of T.B. Sanatorium wards, special rooms and improvement of operation thea-tres as well as cottages (total cost ₹ 1.5 crores). ( ii ) Reservation of beds for poor people in T.B. Sanatorium and general hospital (total cost ₹ 2.5 crores). ( iii ) Free medical treatment to the deserving poor people (total cost ₹ 3 crores). Likely to cost ₹ 5.99 crores. ₹ 5.99 crores for financial years 2007-08, 2008-09 and 2009-10, i.e., for three years only. 6. NICE Society, 54, Todarmal Road, Bengali Market, New Delhi - 110001. Kunwar Shekher Hospital Research Centre. Likely to cost ₹ 59.96 crores. Exemption sought for only ₹ 42 crores. ₹ 20 crores for 2007-08, 2008-09 and 2009-10, i.e., for three years only. 7. Social Welfare Rural Development Society, Village Konnagar, P.O. Ghatal, District Paschim Medinipur- 721212, West Bengal. Rural water supply programme through cylinder tubewells. Likely to cost ₹ 25 lakhs. ₹ 25 lakhs for financial years 2007-08, 2008-09 and 2009-10, i.e., for three years only. 8. Tirunelvelly Diocesan Trust Association, P.O.-161, St. Thomas Road, Palayamkottai - 627002, Tamil Nadu. Centre for the Blind. Likely to cost ₹ 2.50 crores. ₹ 2.50 crores for 2007-08, 2008-09 and 2009-10, i.e., for three years only. 9. Naman Sewa Samiti, Vikas Nagar, Athner District Betul, Madhya Pradesh - 460110. Relief and rehabilitation programme for persons with disabilities. Likely to cost ₹ 86.26 lakhs. ₹ 86.26 lakhs for financial years 2007-08, 2008-09 and 2009-10, i.e., for three years only. 10. Uma Educational and Technical Society, Uma Manovikas Nagar, Behind Rayudupalem, Kakinada - 533005, East Godavari District, Andhra Pradesh. Early Intervention Centre for the Exceptional Children. Likely to cost ₹ 1.43 crores. ₹ 1.43 crores for financial years 2007-08, 2008-09 and 2009-10, i.e., for three years only. 2. This notification shall remain in force for a period of three years in relation to financial years 2007-08, 2008-09 and 2009-10 in respect of projects or schemes mentioned in the abovesaid Table. *********** Notes 1. Substituted vide NOTIFICATION No. 26/2016 dated 26-04-2016 before it was read as ₹ 4.00 crores including a corpus fund of ₹ 3 crores