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of <h1>Government Approves Hospital Equipment Purchase Project in Navsari, Gujarat Under Section 35AC of Income-tax Act</h1> The Central Government has notified the project 'Purchase of equipments for Manilal Rikhavchand Kothari Lions Orthopedic and General Hospital and running of said hospital at Navsari, Gujarat' as eligible under section 35AC of the Income-tax Act, 1961. This project, undertaken by Navsari Lions Sarvajanik Charitable Trust, is approved for a period of three years starting from the financial year 2012-13, with an unchanged estimated cost of Rs. 4.00 crore, including a Rs. 2.00 crore corpus fund. The project has been extended multiple times since its initial approval in 1997 due to its ongoing execution and potential to extend beyond fifteen years.
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