Exemption u/s 35AC - Central Govt. approved various Institutions as an eligible project or scheme - 227/2003 - Income Tax

Exemption u/s 35AC - Central Govt. approved various Institutions as an eligible project or scheme INCOME TAX NOTIF1CATION No. 227/2003 Dated 29th September, 2003 S.O. 1124(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, 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 said Table, the maximum amount of such cost which may be allowed as deduction under the said section 35AC, namely:- 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 Sheth Doongarshi Nagji Trust, B/106, Neelam centre. Hind Cycle Road, Worii, Mumbai - 400025 Construction of building for Vridhashram, purchase of books, furniture, kitchen equipments etc. ₹ 166.56 Lakhs for assessment year 2004-2005 i.e. for one year only. 2 Khetsi Jadayji Memorial Trust, 7, Churchgate Mansion , 'A'road,Churchgate, Mumbai 400020 Construction of building, cost of development of land, purchase of equipments, vehicles, furniture or fittings, Preliminary and pre-operative expenses, working capital. ₹ 19500.92 lakhs for assessment years 2004-2005, 2005-2006 i.e. for two years only subject to the condition that (i) The institution shall maintain a complete record of beneficiaries belonging to the economically weaker sections of the society, (it) The institution would make the facilities freely accessible to the beneficiaries from the weaker sections of the society and (iii) The institution would file a report from the Chartered Accountant certifying that the existing records of the Institution adequately demonstrate that 50% of total beneficiaries came from the economically weaker sections of the society and that full benefits were rendered to them free of Cost. 3 West Bengal Scheduled Castes Tribes and Minority Welfare Association, Rabindranagar, Post Midnapore District West Midnapore- 721101 Construction of old age homes, working women hostels. ₹ 400.00 lakhs for assessment years 2004-2005, 2005-2006 and 2006 -2007 i.e. for three years only in respect of (a) construction of old age homes at Nazarganj, Midnapore and (b) construction of working women hostels at Baguaihati. 4 Shri Panchmahal Anusuchit Jati Education Trust, At Post Adadara TA Kalol District Panchmahal ( Gujarat Construction of Building for (i) Residential school for dumb and deaf boys and girls (ii) Residential school for Schedule caste/ Schedule tribe boys and girls. ₹ 63.30 lakhs for Assessment Year. 2004-2005 i.e. for one year only in respect of (i) Residential school for dumb and deaf boys and girls (h) Residential school for Schedule caste/Schedule tribes boys and girls 5 Community Aid and Sponsorship Programme (CASP), 1779/84, Sadashiv Peth, Gurutrayee Smarak, Bharat Scout Ground, Pune - 411030 (a) Construction of old age homes (Helpage Homes) (b) Project relating to AIDS (c) Infrastructural development of Nifadwadi 2 [ (d) High range area community, Health Empowerment project and (e) Wayanand Area Community Health and Employment project. ] 3 [ ₹ 207.70 lakhs for Assessment years 2004-2005, 2005-2006 and 2006-2007, i.e., for three years only ] 6 Shri K.K. Shah Sabarkantha Arogya Mandal, Post Vatrak Tal Vayad, district Sabarkantha - 383326 Gujarat Maintenance and running of Shri K.K. Shah Sabarkantha Arogya Mandal ₹ 274.92 lakhs including corpus fund of ₹ 200.00 lakhs for Assessment Years 2004-2005. 2005-2006 and 2006-2007 i.e. for three years only subject to the condition that the return would be filed with certificate from a Chartered Accountant that benefit has flown to the economically weaker sections of the society. 7 Shri Manav Kalyan Charitable Trust, AT and Post Nardipur, TA Kalol, district Gandhi Nagar, Gujarat 382735 Construction of building, purchase of vehicles and running of old aged home Rs.. 52.00 lakhs including a corpus fund of ₹ 30.00 lakhs for Assessment Years 2004-2005, 2005-2006 and 2006-2007 i.e. for three years only. 8. 4 [** * * ] 9 Allana Foundation Project Naya Jeevan, Allana House, Allana Road , Colaba, Mumbai -400 001 Financial assistance or support for medical, educational health and nutrition, poverty relief and employment generation for handicapped, women and girls. 6 [ ₹ 800 lakh ] for Assessment Years 1 [2004-2005, 2005-2006, and 2006-2007] i.e. for three years only subject to the condition that (i) The institution shall maintain complete record of the beneficiaries belonging to the, economically weaker sections of the society, (ii) The institution would make the facilities freely accessible to the beneficiaries from the weaker sections of the society and (in) The institution would file a report from the Chartered Accountant certifying that the existing records of the Institution adequately demonstrate that 50% of the total beneficiaries came from the economically weaker sections of the society and that full benefits were rendered to them free of cost. 10 5 [ Indian Centre for Plastics in the Environment, 2nd Floor, Kushesh Mansion 22, Cawasji Patel Street and 48/54, Janmabhoomi Marg, Fort, Mumbai-400001 ] Recycle Recover Reuse of plastic waste in an eco-friendly manner. 7 [ ₹ 20.00 crore ] for Assessment Years 2004-2005, 2005-2006 and 2006-2007 i.e. for three years only. 2. This notification shall remain in force for a period of one year in relation to assessment year 2004-2005 in respect of projects or schemes mentioned at serial number 1 and 4 and for a period of two years in relation to assessment years 2004-2005 and 2005-2006 in respect of project or scheme mentioned at serial number 2 and for a period of three years in relation to assessment years 2004-2005, 2005-2006 and 2006-2007 in respect of projects or schemes mentioned at serial number 3, 5, 6, 7, 8, 9 and 10 the said Table. Sd/- (A.J. Majumdar) Secretary (National Committee) F. No. NC-189/2003 ********* Notes 1. Corrected vide Notification No. 2 of 2004, dated 07-01-2004 before it was read as 2003-2004, 2004-2005 and 2005-06 2. Inserted vide Notification No. 59 of 2004, dated 23-02-2004 3. Substituted vide Notification No. 59 of 2004, dated 23-02-2004 before it was read as ₹ 147.70 lakhs for Assessment Years 2004-2005, 2005-2006 and 2006-2007 i.e. for three years only. 4. Omitted vide NOTIFICATION No. 139/2006 dated 13-6-2006 before it was read as 8 Bhartiya Jeevan Dhara Educational and charitable Trust, C-128/2, Bhikaji Cama Place , Mohammadpur, New Delhi-110066 Construction of hospital building, purchase of furniture equipments, fixture and fitting and running of Swargiya Shri Ramlal Tnpathi Maha Vidhalaya at Deoria (Uttar Pradesh) ₹ 757,00 lakhs for Assessment Years 2004-2005, 2005-06 and 2006-07 i.e. for three years only subject to the condition that (i) The institution shall maintain a complete record of beneficiaries belonging to the economically weaker sections of the society- (ii) The institution would make the facilities freely accessible to the beneficiaries from the weaker sections of the society and, (iii) The institution would file a report from the Chartered Accountant certifying that the existing records of the Institution adequately demonstrate that 50% of the total beneficiaries came from the economically weaker sections of the society and that full benefits were rendered to them free of cost. 5. Substituted vide NOTIFICATION NO. 242/2006 DATED 4-9-2006 before it was read as Indian Centre for Plastics in the Environment, 205, Hari Chambers, Shahid Bhagat Singh Road, Mumbai 400023 6. Substituted vide Notification No. SO 1301(E) [F. No. NC-274/08/2008], dated 4-6-2008 before it was read as ₹ 400.00 lakhs 7. Substituted vide Notification No. S.O. 2605(E) dated 14-10-2009 before it was read as ₹ 1000.00 lakhs