Exemption u/s 35AC - Central Govt. Approved various Institutions as an eligible project or scheme

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....ies 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, of Income-tax Act, 1961, namely:- TABLE Serial Number  Name of the institution  Project or scheme and estimated cost thereof  Maximum amount of cost to be allowed as deduction under section 35AC  (1)  (2)  (3)  (4)  1.  Shri Hanumant Seva Medicare Trust, 13, Sarvodaya Society, Mahuva-364290.  Construction of hospital building, purchase of furniture, Air conditioners, generators etc & running of th....

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....al education to SC/ST/Minorities & economically weaker sections of the society.  Rs.305.00 lakhs for Financial Years 2003-04, 2004-05 and 2005-06 i.e; for three years only. The committee approved the project partially for 100 educational centers as against 1000 centers.  5.  Institute for Education, training & Rehabilitation of Mentally Retarded Children Trust, Sadana, Voc Nagar, TB Sanatorium, PO Vellore, Tamilandu-632 001  Construction of Hostel and cottages for MR Children and Adults  Rs. 50.00 lakhs for Financial Years 2003-04, 2004-05 and 2005-06 i.e; for three years only.  6.  Vanarai Trust, Aditya Residency, 498, Parvati, Mitramandal Chowk, Pune-411009  Ideal Village pro....

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....luding a corpus fund of Rs. 500.00 lakhs) for Financial Years 2003-04, 2004-05 and 2005-06 i.e; for three years only subject to the condition that (a) the Trust should display public notices in prominent places that the benefits provided to persons from economically weaker sections of the society 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, (c) maintain complete records of beneficiaries with their names and addres....