114 : Notification: 114 Date of Issue : 9/5/2003
Notification No.
114
Notification Date
09/05/2003
Upload Date
09/05/2003
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Notification No
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114
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Section(s) Referred
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s. 35AC
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Date of Issue
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9/5/2003
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Notification No. 114 of 2003, dt. 9th May, 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 of cost to be
No. Institution estimated cost thereof allowed as deduction under
u/s 35AC
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(1) (2) (3) (4)
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1 Shri Gayatri Vikas Construction oil extension Rs. 45.00 lakhs for
Mandal, Post Mandva, building for school, assessment years 2004-2005,
Taluk Ankleshwar, Administrative Building, 2005-2006 and 2006-2007
District Bharuch, Computer Centre, Gymnasium, i.e. for three years only.
Gujarat 393001. Sangeet Kendra, Guest House,
construction of road and running
of Mobile Dispensary.
2. Guru Nanak Quin Construction of extension Rs. 547.92 lakhs including
Centenary Memorial building, purchase of equipments, a corpus fund of Rs.
Hospital Trust, Plot furniture, repairs/renovation of 418.00 lakhs for assessment
No.-S-341, Ghandhi the buildings and running of years 2004-2005, 2005-2006
Nagar, Bandra (East), the project. and 2006 2007 i.e.
Mumbai-400051. for three years only.
3. Youth Movement for Computer training programme Rs. 6.00 lakhs for
Village Development- for weaker section of the assessment years 2004-2005,
YMVD No. 39-A, society. 2005-2006 and 2006-2007
Poundakara Street, for three years only.
Ananthapuram 605201,
Villupuram District.
Tamil Nadu.
4. Advance Transfusion Running of Advanced Transfusion Rs. 800.00 lakhs (corpus
Medicine Research Medicine Research Foundation, fund) for assessment years
Foundation, Prathama Prathama Blood Centre, 2004-2005, 2005-2006 and
Blood Centre, B/H Jivral Ahmedabad 2006-2007 i.e. for three
Mehta Hospital, years only. However, the
Lavanya Society, Vasna, approval would be subject
Ahmedabad-380007. to the condition that
fifty per cent of supply of
its products will be free
of charge for the benefits
of economically weaker
sections of the society,
that the company Will
maintain separate accounts
for receipts and expenses
under section 35AC
including income out of
corpus fund, that the
company will not use corpus
or income therefrom for
acquisition of capital
assets, for repayment of
term loans or interest
thereon and finally that
transfer of shares in the
company will be done only
after prior approval by the
committee.
5. Rashtrotthana Parishat, Construction of school/hospital Rs. 670.00 lakhs for
Keshava Shilpa, buildings, residential quarters, assessment years 2004-2005
Kempegowda Nagar, development of roads, swinuning and 2005-2006 i.e. for two
Bangalore-560019, pool, stadium, interior years only.
Karnataka. decoration and furnishing and
purchase of furniture etc.
6. Smt. Uttaradevi Charitable (a) Construction of hospital Rs. 970.74 lakhs for
and Research Foundation, building, purchase of Assessment Years 2004-2005,
2, Wellesley Road, furniture/fixtures, 2005-2006 and 2006-2007
Konark House, Camp, equipments, medicines i.e. for three years only.
Pune-411001. and running of hospital,
(b) distribution of free food
to poor and needy persons, and
(c) free hospitalisation and
distribution of medicines
to poor and needy persons.
7. Utthan-Centre for Construction of school building, Rs. 1800.00 lakhs including
sustainable development hostel, residential quarters, a corpus fund of Rs. 338.00
and poverty alleviation, purchase of furniture, books, lakhs for assessment years
18-A, Auckland Road computers, laboratory equipments, 2004-2005 and 2005-2006
Civil Lines, and running of the project. i.e. for two years only.
Allahabad-211001.
8. Football Club Kochin, FC Kochin Football Academy to Rs. 300.00 lakhs for
Cochin-II (FC Kochin) Indian Dream Team. assessment years 2004-2005
Door No. 39/2306, i.e. for one year only.
Vennala, P.O.
Kochi-682028,
Kerala.
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2. This notification shall remain in force for a period of one year in relation to assessment year 2004-2005 in respect of project or scheme mentioned at serial number 8 and for a period of two years in relation to assessment years 2004-2005 and 2005-2006 in respect of projects or schemes mentioned at serial numbers 5 and 7 for a period of three years in relation to assessment years 2004-2005, 2005-2006 and 2006-2007 in respect of projects or schemes mentioned at serial number 1,2,3,4 and 6 of the said Table.
[F. No. NC-53/2003]