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of <h1>Maharashtra Hospital Project Gets Three-Year Extension Under Section 35AC of Income-tax Act, No Cost Change</h1> The Central Government has extended the eligibility of the project 'Purchase and installation of plant and machinery, expansion of infrastructure' by a hospital and medical research center in Maharashtra under Section 35AC of the Income-tax Act, 1961. Initially notified in 2007 and extended twice, the project is now approved for an additional three years starting from the financial year 2014-15, with no change in the approved cost of 11.30 crore. The extension follows a recommendation by the National Committee for the Promotion of Social and Economic Welfare, confirming the project's proper execution.
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