Notification No. : 58
Date of Issue : 28/3/2003
Notification No. 58 of 2003, dt 28th March 2003
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 column (4) of the said Table, the maximum amount of such cost which may be allowed as deduction under the said section 35AC, namely:
TABLE
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Sl Name of the Project or scheme and Maximum amount
No. Institution estimated cost thereof of cost to be
allowed as
deduction under
section 35AC
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(1) (2) (3) (4)
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1. Pranab Kanya Sangha, Expansion of existing Rs. 42.78 lakhs for
P.O. Haridayapur orphanages by adding rooms assessment years
743204, District kitchens, dining rooms, 2003-2004,2004-
North 24 Parganas staff quarters, vocational 2005 and 2005- and
(West Bengal). training centre, purchase 2005-2006 i.e. for
of van and running three years
of the project. only.
2. Indian Red Cross Construction of extension Rs. 600.00 lakhs
Society, Nellore building, purchase of including a corpus
District Branch, Red medical equipments, fund of Rs. 250.00
Cross Road, Near furniture, running and lakhs for assessment
Vegetable Market maintenance of cancer year 2004-2005 i.e.,
Nellore. detection/radiotherapy for one year only.
centres.
3. Vyakti Vikas Kendra, Tribal Welfare Project Rs. 2.86 crores for
India No. 19, 39th A assessment years
Cross, 11th Main, IV 2003-2004 and 2004-
T Block, Jayanagar, 2005 ie. for two
Bangalore 560 041. years only.
4. Ganga Education Health Awareness Generation Rs. 42.19 lakhs for
Society, C/o Ganga Camps and Health Check up assessment years
Hospital, New Scheme. 2003-2004, 2004-
Building, Rankala 2005 and 2005-2006
Vesh, Kolhapur 416012. i.e. for three
years only.
5. Kalathur V Subramania Construction of extension Rs. 20.00 lakhs for
Iyer Memorial Trust, building and purchase of assessment years
Industrial Training equipments. 2003-2004, 2004-
Institute, 24, (New 2005 and 2005-2006
No. 17), South Mada i.e. for three
Street, Srinagar years only subject
Colony, Saidapet, to the condition
Chennai-600 015 that fifty a per
cent of the bene-
ficiaries should be
from economically
weaker sections of
the society whose
annual income is
Rs. 18,000.00 or
less.
6. Mahathma Gandhi Construction of building Rs. 300.00 lakhs
Memorial Trust patient wards, consultation for as.yr 2003-
25-9-26, Sree ward, rooms etc. and pur- 2004, 2004-2005
rampuram,Bhim- chase of equipments for and 2005-2006
varam-534 202, Rural Cancer Radiation i.e., for three
West Godavari Centre. only.
District
(Andhra Pradesh)
7. Seva Mandir, Old Comprehensive Rural Rs. 500.00 lakhs
Fatehpura, Udaipur Development project for for including a
313 004 (Rajasthan) upliftment of the rural corpus fund of Rs.
especially tribal. 200.00 lakhs for
assessment years
2003-2004, 2004-
2005 and 2005-
2006 i.e. for
three years only.
8. Swami Shri Running of Welfare Rs. 500.00 lakhs
Prempuriji Ashram programmes. (corpus fund) for
Trust,Prempuri assessment years
Adhyatma Vidya 2003-2004, 2004
Bhavan, Swami 2005 and 2005-2006
Prempuriji Chowk, i.e. for three
Baburnath Road, years only
Mumbai-400 007.
9. Shree Pandit Construction of school Rs. 425.13 lakhs
Ratnachandraji Jain building, purchase of for assessment yr.
(SPRJ), Kanyashala furniture, computers, 2003-2004 and
Trust, Jag-Dhir Boda equipments, 2004-2005 i.e. for
Vidhya Sankul, airconditioners. two years only
Cama Lane, subject to the
Ghatkkopar (W), condition that
Mumbai-400 086 audited accounts
for 2001-2002 are
submitted by the
Trust.
10. Sunrise Purchase of office premises, Rs. 274.00 lakhs
Charitable Trust, furniture/fixtures and for assessment yrs
A/401, Ambica Co-op. medical relief to 2003-2004, 2004-
Housing Society Ltd., economically weaker 2005 and 2005-
Ambica Complex, sections of the society i.e. for three yrs
Kheda, Gujarat. only.
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2. This notification shall remain in force for a period of one year in relation to assessment years 2004-05 in respect of project or scheme mentioned at serial number 2 and for a period of two years in relation to assessment years 2003-04 and 2004-05 in respect of projects or schemes mentioned at serial numbers 3 and 9 and for a period of three years in relation to assessment years 2003-04, 2004-05 and 2005-06 in respect of projects or schemes mentioned at serial numbers 1,4,5,6,7,8 and 10 of the said Table.
