28E- : Notification: 28(E) Date of Issue: 10/1/2001

Notification: 28(E) Date of Issue: 10/1/2001

Notification: 28(E)

Section(s) Referred: s. 35AC(1)(b)

Statute: INCOME TAX

Date of Issue: 10/1/2001

In exercise of the powers conferred by sub-section (1) read with clause (b) to 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 the 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

------- Sl. Name of the institution Project or scheme and Maximum No. estimated cost thereof amount of cost to be allowed as deduction under a section 35AC ------- (1) (2) (3) (4) ------- 1. Shree Pragati Foundation, Purchase of medical and non- Rs. 1,070 lakhs Ganesh Gavde Road, medical equipments, vehi- including a cor- Mulund (West), Mumbai- cles, furnishing and run- pus fund of 400 080. ning of hospital at Village Rs.500 lakhs Mulund (West), Mumbai, likely to cost Rs. 1,070 lakhs including a corpus fund of Rs. 500 lakhs.

2. Bharat Sevashram Sangha, Tribal welfare project---con- Rs.277 lakhs 211, Rash Behari Avenue, struction of building for dis- Calcutta-700 019. pensary, schools, hostel, small scale industries, tech- nical training/vocational training institute, cultural hall, ashram complex, resi- dential quarters, water tank, etc., at Gangpur Dis- trict, Navsari, Gujarat likely to cost Rs. 295.65 lakhs.

3. Dr. G. S. Kalyanasundaram Land development, construc- Rs. 1,132.26 Charities, No. 1, II Street, tion of building, furnishing, lakhs including Customs Colony, Besant purchase of vehicles, equip- a corpus fund Nagar, Chennai-600 090. ments and running of sen- of Rs.700 lakhs ior citizens home at Uthandi, Chennai, Tamil- nadu, likely to cost Rs. 1,175 lakhs including a corpus fund of Rs. 700 lakhs. -------- 2. This notification shall remain in force for a period of three years in relation to the assessment years 2001-2002, 2002-2003 and 2003-2004 in respect of projects or schemes mentioned in the Table.

[No. 5/2001/F. No. NC-127/2000]