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of <h1>Central Government Extends Pune Institute's Capacity Building Project Eligibility Under Section 35AC for Three More Years</h1> The Central Government has extended the eligibility of the 'Project for capacity building of voluntary sector' by an institute in Pune under Section 35AC of the Income-tax Act, 1961. Initially notified in 2005 and extended in subsequent years, the project is approved for an additional three years, covering the financial years 2014-15 to 2016-17, with an unchanged estimated cost of 70 lakh. The National Committee for Promotion of Social and Economic Welfare recommended this extension, confirming the project's proper execution.
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