Institutions mentioned in column (2) of the Table below and specifies the eligible projects or schemes and the estimated cost ther approved under section 35AC
Notification No. 497(E) was published on 26 May 2000. Its subject is Institutions mentioned in column (2) of the Table below and specifies the eligible projects or schemes and the estimated cost ther approved under section 35AC.
This is an approval of a named institution. It affects that institution and the people who deal with it; the years it covers are stated in it and are the whole of its reach.
| Under the 1961 Act | Now |
|---|---|
| s.35AC | no counterpart recorded |
In exercise of the powers conferred by sub-section (1) read with clause (b) to 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 section 35AC, namely:
TABLE ------- Serial Name of the institutions Project or scheme and estimated Maximum Number cost thereof as deduction under amount of cost section 35AC to be allowed ------- (1) (2) (3) (4) ------- 1. Bharat Sevashram Sangha, (a) Construction of 500 single Rs. 270 lakhs 211, Rash Behari Avenue, unit low cost houses for the Calcutta-700 017. super-cyclone affected per sons and community centre, primary school, health centre at Dhobei, Baratol villages, Erasama block of Jagatsinghpur District of Orissa ; likely to cost Rs. 270 lakhs.
(b) Running of free students Rs. 43.20 home for post-graduate level lakhs students and educational help (scholarship) to poor- cum-meritorious students at Calcutta, West Bengal; likely to cost Rs. 43.20 lakhs.
(c) Construction of building for Rs. 37 lakhs a medical unit (dispensary), (including a pathological lab and x-ray corpus fund clinic, purchase of equip- of Rs. 25 ments and running of school lakhs). and medical unit at village Kasuria, Nadia, West Ben gal ; likely to cost Rs. 37 lakhs (including a corpus fund of Rs. 25 lakhs).
2. Brahmavetta Shree Deva- Construction of building and Rs. 755 lakhs raha Hans Baba Trust, running of Vridh Bhakt 79, Cariappa Marg, Niwas (old age home), Sainik Farm, New Delhi. Dhyan Yoga Kendra and Ayurvedic Dispensary at vil- lage Bhagdevar, Mahuari Kalan, District-Mirzapur, Uttar Pradesh; likely to cost Rs. 813 lakhs ; subject to the condition that preferential treatment to poor and back- ward classes having annual income upto Rs. 18,000 be raised to at least 50 per cent. instead of 20 per cent. in the unlikely event of demand for services, medicines, facili- ties being more than supply.
3. Sri Abhinava Vidyatheer- Construction of building, pur- Rs. 101 lakhs thamahaswamigal Pee- chase of equipments, fur- tharohanam Silver jubi- nishing and expenses for lee Commemoration contingencies at 1st Cross, Medical Foundation Shankarapura, Bangalore, (Sharda Dhanwantri Karnataka ; likely to cost Charitable Dispensary), Rs. 101 lakhs. 1st Cross, Shankarapura, Bangalore-560 004.
4. Dr. Sheela Sharma Memo- Construction of building, pur- Rs. 350 lakhs rial Charitable Trust, chase of equipments/instru- Mathura Masani Delhi ments and running of Bye-pass Link Road, cancer hospital and out- Mathura-281 003. reach extension services at Mathura, Uttar Pradesh and nearby states also ; likely to cost Rs. 665.35 lakhs
5. Bharat Electronics Limited, Construction of 500 low-cost Rs. 124 lakhs Corporate Office, Trade houses under BEL Shelter Centre, 116/2, Race Scheme for Orissa Super Course Road, Bangalore- Cyclone victims at village 560 001. Katuru and Kandara Arji- palli, Chatrapur block, Gan- jam district, Orissa ; likely to cost Rs. 125 lakhs
6. Umeed Khanna Founda- Purchase of medical equip- Rs. 161.30 tion, 2, Shanti Farms, ments and running of health Village-Sahoorpur, care project at Sangrur (Pun- Chandan Hola, New jab) ; likely to cost Rs. 324.80 Delhi-110 030. lakhs.
7. Lions Club of Karnavati Expansion project-purchase of Rs. 437.50 Foundation, AT and equipments for increasing lakhs (inclu Post-Village Ognaj, Vil- number of free eye surgeries ding a cor- lage-Ognaj, District- and running of hospital at pus fund of Ahmedabad-382421. village-Ognaj, Ahmedabad, Rs. 150 lakhs) Gujarat : likely to cost Rs. 437.50 lakhs (including a corpus fund of Rs. 150 lakhs)
8. Thirumalai Charity Trust, Construction of building, pur- Rs. 33.95 Thirumalai, 103, Sewree chase of office equipments, lakhs Wadala, Mumbai-400 auto, moped, cycle, furnish 031. ing and running of Rural Veterinary Care Centre/ Camps at Walaja and Arcot Taluks, Vellore District, Tamilnadu; likely to cost Rs. 33.93 lakhs
9. Thirumalai Charity Trust, Construction of building, pur- Rs. 79.37 Thirumalai, 103, Sewree chase of office equipments, lakhs Wadala, Mumbai-400 medicines, moped, cycle, 031. furnishing, training of vol- unteers/health workers, research, health camps and running of rural health ser- vices at villages of Walaja and Arcot Taluks, Vellore District, Tamilnadu ; likely to cost Rs. 79.37 lakhs -------
2. This notification shall remain in force for a period of three years in relation to the assessment years 2001-2002, 2002-2003 and 2003-2004 in respect of the projects or schemes mentioned in the Table.
[No. 11380/F. No. NC-37/2000]
Source: the Income Tax Department’s own published text — its page for this instrument.
