Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible Projects or Schemes, Expenditure on - Notified Eligible Projects or Schemes - the Cancer Institute (WIA) Trust, Chennai
Notification No.94/2015 [F.No.V.27015/4/2014-SO(NAT.COM)] / SO 464(E) was published on 11 February 2015. Its subject is Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible Projects or Schemes, Expenditure on - Notified Eligible Projects or Schemes - the Cancer Institute (WIA) Trust, Chennai.
The Central Government, under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961, amends notification S.O. 96(E) dated 11 February 1999 in respect of the project for providing free food and anti-cancer drugs to poor cancer patients in the general wards of the Cancer Institute at Chennai, carried out by the Cancer Institute (WIA) Trust, East Canal Bank Road, Gandhi Nagar, Adyar, Chennai-600020. In the Table against serial number 9, in column (4), relating to the maximum amount of cost to be allowed as deduction under section 35AC, "Rs. 14.60 crore as corpus fund" is substituted by "Rs. 20.00 crore as corpus fund". The period is not extended: the project was specified for three years beginning with assessment year 1999-2000 and extended by successive notifications, the last being S.O. 3149(E) dated 17 October 2013 for three years ending with financial year 2015-16; the cost had earlier been raised from Rs. 6.50 crore as corpus fund to Rs. 9.40 crore by S.O. 841(E) dated 25 March 2009 and to Rs. 14.60 crore by notification 1876(E) dated 11 August 2011.
The project cost is likely to rise from Rs. 14.60 crore as corpus fund to Rs. 20.00 crore as corpus fund, and the National Committee for Promotion of Social and Economic Welfare, satisfied that the project is being executed properly, recommended the amendment of cost under sub-rule (5) of rule 11M of the Income-tax Rules, 1962.
| Under the 1961 Act | Now |
|---|---|
| s.35AC | no counterpart recorded |
SECTION 35AC, READ WITH EXPLANATION (b) THERETO, OF THE INCOME-TAX ACT, 1961 - ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON - NOTIFIED ELIGIBLE PROJECTS OR SCHEMES - THE CANCER INSTITUTE (WIA) TRUST, CHENNAI
NOTIFICATION NO.94/2015 [F.NO.V.27015/4/2014-SO(NAT.COM)]/SO 464(E), DATED 11-2-2015
Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O.96(E) dated the 11th February, 1999, issued under 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 had specified at serial number 9, "for Providing free food and anti-Cancer drugs to poor cancer patients in General wards of Cancer Institute at Chennai, Tamilnadu" by "the Cancer Institute (WIA) Trust, East Canal Bank Road, Gandhi Nagar, Adyar, Chennai-600020", as an eligible project or scheme for a period of three years beginning with assessment year 1999-2000; which was extended further vide notification number S.O.920(E) dated the 20th September, 2001 for a period of three years beginning with assessment year 2002-2003; which was extended further vide notification number S.O. 130(E) dated the 2nd February, 2005 for a period of three years beginning with financial year 2004-2005; which was extended further vide notification number S.O.470(E) dated the 29th March, 2007 for a period of three years beginning with financial year 2007-08; which was extended further vide notification number S.O.I 142(E) dated the 17th May, 2010 for a period of three years beginning with financial year 2010-11 and which, was further extended vide notification number S.O.3149(E) dated 17.10.2013 for a period of three years ending with financial year 2015-16;
Whereas by notification number S.O.841(E) dated the 25th March, 2009, the estimated cost was enhanced from Rs. 6.50 crore as corpus fund to Rs.9.40 crore as corpus fund and which was further enhanced from 'Rs.9.40 crore as corpus fund' to 'Rs. 14.60 crore as corpus fund' vide notification number 1876(E) dated 11.8.2011;
And whereas the project cost is likely to enhance from 'Rs. 14.60 crore as corpus fund' to 'Rs.20.00 crore as corpus fund';
And whereas the National Committee for Promotion of Social and Economic Welfare, being satisfied that the said project or scheme is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962 for amending the project cost from 'Rs. 14.60 crore as corpus fund' to 'Rs.20.00 crore as corpus fund'.
Now, therefore, the Central Government, 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), hereby amends the said notification number S.O. 96(E) dated the 11th February, 1999, to the following effect, namely:-
In the said notification, in the Table against serial number 9, in column (4), relating to maximum amount of cost to be allowed as deduction under section of 35AC of Income Tax Act, 1961 for the letters, figures and word "Rs. 14.60 crore as corpus fund" the letters, figures and word "Rs. 20,00 crore as corpus fund" shall be substituted.
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| Rule of the 1962 Rules | Now, in the 2026 Rules |
|---|---|
| Rule 11M | no counterpart recorded |
the approved period up to financial year 2015-16.
In a donor's return claiming deduction under section 35AC for a corpus contribution to the Institute, and in the certificate issued for the year of payment.
Rules it names. Rule 11M of the Income-tax Rules, 1962. The 1962 Rules were replaced by the Income-tax Rules, 2026, which renumbered nearly everything: a rule number quoted here almost never means the same rule today.
← Notification No.92/2015 [F.No.V.27015/4/2014-SO(NAT.COM)] / SO 462(E) · Notification No.95/2015 [F.No.V.27015/4/2014-SO(NAT.COM)] / SO 465(E) →
Source: the Income Tax Department’s own published text — its page for this instrument.