MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 30th November, 2016

S.O. 3592(E).—Whereas by notifications of the Government of India, in the Ministry of Finance (Department of Revenue) 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 projects/schemes for exemption, in respect of the associations and institutions approved by the said National Committee, mentioned in the Table below:

TABLE

Sl. No. Name & address of the Institution Project            or scheme Notification No. and date and sanctioned cost with validity Maximum amount of cost recommended           by the Committee under      section 35AC
(1) (2) (3) (4) (5)
1 Navjeevan Charitable Trust, 08, Jolly Bhavan No.1, 10, New Marine lines, Mumbai- 400 020. Shree
Navjeevan.
Vocational
Training
Programme,
Medical camps
and goods &
cloth
distribution
  •  S.O. No.     121(E) dated 12.1.2009 at Sl. No. 20 for a period of three financial years   till 2010-11 for
    Rs. 39.11 crore
  • S.O. No. 8 52(E) dated 27.4.2011    for a period of three financial years till 2013-14 and amending the project
    cost to Rs 68.65 crore and amending the address of the Trust from 602, Shastri Hall, 292, J. Dadaji Road, Mumbai – 400007 to 115, Jolly Bhavan No.1, 10, New Marine lines, Mumbai-400 020.
  • S.O. No. 1228(E) dated 30.5.2011 amending the address to 08, Jolly Bhavan No.1, 10, New Marine lines, Mumbai-400 020.
Rs. 68.65 crore.
2 Navjeevan Charitable Trust, 08, Jolly Bhavan    No.1, 10,      New      Marine lines,
Mumbai – 400 020.
A caring hand
  • S.O. No. 1860(E) dated 11.8.2011    at Sl. No. 14 for a period of three financial years till 2013-14 for Rs. 15.34 crore
  • S.O. No. 3829(E) dated 27.12.2013 for a period of three financial years till 2016-17 and amending the project cost to Rs 24.49 crore.
Rs. 24.49 crore
3 Navjeevan Charitable Trust, 08, Jolly Bhavan No.1, 10, New Marine lines, Mumbai- 400 020. Sankalap
  • S.O. No. 3033(E) dated 7.10.2013 at Sl. No. 9 for a period of three financial years till  2015-16 for
    Rs. 27.97 crore
Rs. 27.97 crore

And, whereas, the National Committee for Promotion of Social and Economic Welfare, on the basis of an enquiry conducted by Income-tax Department and after having received no response despite adequate opportunity given to it to show cause against the proposed withdrawal of approval granted to it under section 35AC, was satisfied under sub-section (4) of section 35AC of the Income Tax Act, 1961 and recommended under sub section (5) of the said section

for withdrawal of approval granted under section 35AC of the Income-tax Act, 1961 (43 of 1961) in so far as it specifies the trust and the project or scheme as mentioned in the table herein above.

Now, therefore, in exercise of the powers conferred by sub-section (4) and (5) of section 35AC of the Income-tax Act, 1961, the Central Government hereby withdraws the approval granted to Navjeevan Charitable Trust, 08, Jolly Bhavan No.1,10, New Marine lines,Mumbai – 400 020 and withdraws the notifications of the Government of India, in the Ministry of Finance (Department of Revenue), number S.O. No. 121(E) dated 12.1.2009 published in the Gazette of India, Extraordinary, Part II, section 3 (ii) as mentioned in the table herein above, in so far as it relates to the projects or the scheme “Shree Navjeevan. Vocational Training Programme, Medical camps and goods & cloth distribution” and S.O. No. 1860(E) dated 11.8.2011 published in the Gazette of India, Extraordinary, Part II, section 3 (ii) as mentioned in the table herein above, in so far as it relates to the projects or the scheme ‘A caring hand’ and S.O. No. 3033(E) dated 7.10.2013 published in the Gazette of India, Extraordinary, Part II, section 3 (ii) as mentioned in the table herein above, in so far as it relates to the projects or the scheme ‘Sankalap’ in the aforesaid notifications and makes the following amendment in the said notifications, namely:-

The said notifications, relating to the project or the scheme being carried out by Navjeevan Charitable Trust, 08, Jolly Bhavan No.1, 10, New Marine lines,Mumbai-400 020. shall be treated as withdrawn and therefore, the certificate furnished under clause (a) of sub-section (2) of section 35AC of Income-tax Act, 1961, if any, shall not be taken into consideration while calculating the tax of the income under the Income-tax Act, 1961.

[No. 67/2016 / F.No.V.27015/5/2016-SO (NAT.COM)]

S.R. SHARMA,

Director (National Committee)

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