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of <h1>Government Extends Trust Project in Maharashtra u/s 35AC, Income-tax Act for Three More Years, Cost Rs. 75 Crore.</h1> The Central Government has extended the eligibility of the project 'Development of integrated socio-economic health, education & essential facilities' by a trust in Maharashtra under Section 35AC of the Income-tax Act, 1961. Originally notified in 2006 for three years and extended twice, the project is now approved for an additional three years from 2014-15 to 2016-17, maintaining the estimated cost of Rs. 75 crore. This decision follows the recommendation of the National Committee for Promotion of Social and Economic Welfare, which confirmed the project's proper execution.
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