Income Tax Department

Ministry of Finance, Government of India

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Notification No.

317

Notification Date

25/11/2003

Upload Date

25/11/2003

Notification: 317 Date of Issue : 25/11/2003

                        

Notification No              :       317
Section(s) Referred      :       section 35AC
Date of Issue                 :       25/11/2003
Notification No : 317 Date of Issue : 25/11/2003
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 for Promotion of Social and Economic Welfare, 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:-
Sl.No   Name of the Institution    Project or scheme and estimated cost thereof             Maximum amount of cost to be allowed as deduction under section 35AC 
1          Sadvichar Samiti V.K. Road, Behind Santram Temple, Nadiad 387001, District Kheda, Gujarat
            Expenses towards surgical/ medical instruments and running of the Netra Chikitsalaya Dispensary              Rs. 200,00 lakhs including a corpus fund of Rs. 50.00 lakhs for Assessment Years 2004-2005, 2005-06 and 2006-07 i.e., for three years only subject to the condition that (a) the trust should display public notices in prominent places stating that the benefits provided are free of cost (b) the institution would file a report from the Chartered Accountant alongwith return of income of each assessment year certifying that the existing records of the Institution adequately demonstrate that 50% or more of the total beneficiaries came from the economically weaker sections of the society and that full benefits were rendered to them free of cost 
2          Sri Kanchi Kamakoti Medical Tust, 77, Ponnurangam Road , (West), R.S. Puram, Coimbatore-641002.
            Construction of buildings, purchase of equipments, computers vehicles etc and running of Sankara Eye Hospital , Guntur
            Rs. 947.05 lakhs for Assessment years 2004-2005, 2005-06 and 2006-2007 i.e. for three years only subject to the condition that (a) the trust should display public notices in prominent places stating that the benefits are provided to economically weaker sections free of cost (b) the institution would file a report from the Chartered Accountant alongwith the return of income of each assessment year certifying that the existing records of the Institution adequately demonstrate that 50% or more of the total beneficiaries came from the economically weaker sections of the society and that full benefits were rendered to them free of cost. 
3          Adivasi Shikshan Sanstha, Junnar, Tal-Junnar, District Pune.
            Construction of schools, hostels staff quarters, sub-way for the poor Adivasi/ Tribals.
            Rs. 32.60 crores for Assessment Years 2004-2005, 2005-2006 and 2006-2007 i.e. for three years only, 
4          Nav Bharat Jagriti Kendra, Head Office Village Bahera, PO Brindavan Via Chouparan, District Hazaribag- 825301 (Jharkhand)
            Education and Health support Scheme for Children of poor and socially marginalised class.
            Rs. 39.00 lakhs for Assessment Years 2004-2005, 2005-2006 and 2006-2007 i.e. for three years only.
 
5          Shri Swami Vivekanand Karnavati Charitable Trust, Dhanwantri Hospital , Vijay Chowk, Bapunagar, Amdavad- 380024         Modernization of Hospital and Mobile services
            Rs. 170.93 lakhs including a corpus fund of Rs. 50.00 lakhs for Assessment Years 2004-2005, 2005-2006 and 2006-2007 i.e. for three years only subject to the condition that (a) the trust should display public notices in prominent places stating that the benefits are provided free of cost to economically weaker sections (bl the institution would file a report from the Chartered Accountant alongwith the return of income of each assessment year certifying that the existing records of the Institution adequately demonstrate that 50% or more of the total beneficiaries came from the economically weaker sections of the society and that full benefits were rendered to them free of cost.  
6          Sree Guruvayurappan Bhajan Samaj Trust, 291, 6th Main 3rd Cross Sadanandnagar, NGEF East, Bangalore - 560038.
            Vocational training programme for weaker sections of society     Rs. 57.00 lakhs for Assessment Years 2004-2005, 2005-2006 and 2006-2007 i.e. for three years only.  
7          Sri Kanchi Kamakoti Medical Trust, 77, West Ponnurangam Road , R.S. Puram. Coimbatore - 641 002.     Gift of vision                  Rs. 1007.00 lakhs (corpus fund) for Assessment Years 2004-2005, 2005-2006 and 2006-2007 i.e. for three years only subject to the condition that (a) the trust should display public notices in prominent places stating that the benefits are provided free of cost to economically weaker sections (b) the institution would file a report from the Chartered Accountant alongwith the return of income of each assessment year certifying that the existing records of the Institution adequately demonstrate that 50% or more of the total beneficiaries came from the economically weaker sections of the society and that full benefits were rendered to them free of cost.  
8          Pranab Kanya Sangha, P.O. HRIDAYPUR, Kolkata- 700127, West Bengal.              Construction building/purchase of furniture,Books,sewing machine etc and running of the project.
            Rs. 143.33 lakhs including a corpus fund of Rs. 10,00 lakhs for Assessment Years 2004-2005, 2005-2006 and 2006-2007 i.e. for three years only.  
9          Maharashtra Academy of Engineering and Educational Research's,Yashwantrao Chavan Rural Hospital, S.No. 124, Paud Road , Kothrud, Pune 411038
            Purchase of equipments and running of 500 bedded Yashwantrao Chavan Rural Hospital .                            Rs. 85.75 crores including a corpus fund of Rs. 64.00 crores for Assessment Years 2004-.2005, 2005-2006 and 2006-2007 i.e. for three years only.  
10        Shree Santram Janseva Trust, Shree Santram Mandir, Nadiad 387001, District Kheda, Gujarat.               Medical and, educational and other relief works of Shree Santram Janseva Trust.                                         Rs. 250.00 lakhs including a corpus fund of Rs. 50.00 lakhs for Assessment Years 2004-2005, 2005-2006 and 2006-2007 i.e. for three years only subject to the condition that (a) the Trust should display public notices in prominent places stating that the benefits are provided free of cost to economically weaker sections (b) the institution would file a report from the Chartered Accountant alongwith the return of income of each assessment year certifying that tl-re existing records of the Institution adequately demonstrate that 50% or more of the total beneficiaries came from the economically weake'r sections of the Socie'ty and that full benefits were rendered to them free of cost.  
11        Bosco Gramin Vikas Kendra, C/o St. John's Chruch, Bhingar Camp,Ahmednagar, Maharashtra 414002
            Watershed Development Project                             Rs. 124.43 lakhs for Assessment Years 2004-2005, 2005-2006 and 2006-2007 i.e. for three years only.  
12        Ashurali Vivekananda Smriti Sangha, Village Ashurali, P.O. Sadhurhat, District, 24 Parganas (South), West Bengal.                       Construction of Vocational Training Centre, purchase of equipments etc.  Rs. 4.00 lakhs for Assessment Year 2004-2005 i.e. for one year only. 
13        Ramakrishna Mission Students' Home, New No.66, (old no.101), P.S. Sivasamy Salai, Mylapore, Chennai- 600004.    Construction of building, staff quarters, overhead water tank etc.             Rs. 5.28 crores for Assessment Years 2004-2005, 2005-2006 and 2006-2007 i.e. for three years only.
 
14        Agragati, Village Kalikata, PO Rashpur, P.S. - Amta, District - Howrah -711401, West Bengal.                  Construction of schools, hostels, purchase of furniture or fixture, computers, books, equipments, school bus etc, and running of the project.                               Rs. 5.44 crores including a corpus fund of Rs. 2.20 (crores for Assessment Years 2004-2005, 2005-2006 and 2006-2007 i.e. for three years only  
15        Society's Abbatial Network for Greater Advancement, Lingsiphai village, C/o Post Box No. 138, Post Churachandpur, Pin 795128, Manipur State .          Construction of low cost Model houses for ethnic war Refugees.   Rs. 114.75 lakhs for Assessment Years 2004-2005 and 2005-2006 i.e. for two years only subject to the condition that land should be transferred to the beneficiaries after construction of the houses.
 
16        Child and Social Welfare Society, Village Markandachak PO Bishnupur Bazar, PS Sabong, District Midnapore ( West Bengal) 721144.       (a) Education Programme
(b) Health Programme and (c) Construction of old Age Home.
            Rs. 225.23 lakhs for Assessment Years 2004-2005 and 2005-2006 i.e. for two years only.  
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 12, 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 number 15 and 16 and 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 numbers 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11,13 and 14 of the said Table.
F. No. NC-240/2003