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<h1>Central Government Extends New Life Charitable Trust Project Under Section 35AC of Income-tax Act Until 2015-16</h1> The Central Government has extended the notification of 'The New Life Charitable Trust' project under section 35AC of the Income-tax Act, 1961. Initially approved for three years ending in the 2012-13 financial year, the project is now recognized for an additional three years, covering 2013-14 to 2015-16, with an unchanged estimated cost of Rs. 7.5 crore. The National Committee for Promotion of Social and Economic Welfare recommended this extension, confirming the project's proper execution. The project is carried out by 'The New Life Charitable Trust' located in Chennai.