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 |
|
Rs. 68.65 crore. |
| 2 | Navjeevan Charitable Trust, 08, Jolly Bhavan No.1, 10, New Marine lines, Mumbai – 400 020. |
A caring hand |
|
Rs. 24.49 crore |
| 3 | Navjeevan Charitable Trust, 08, Jolly Bhavan No.1, 10, New Marine lines, Mumbai- 400 020. | Sankalap |
|
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)
