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of <h1>Central Government Extends Diamond Hospital Project Eligibility for Three More Years Under Section 35AC of Income-tax Act</h1> The Central Government has extended the eligibility of the 'Expansion of Diamond hospital & medical research centre' project by the Surat Diamond Association under section 35AC of the Income-tax Act, 1961. Initially approved for three years ending in the 2013-14 financial year, the project is now extended for an additional three years, covering 2014-15 to 2016-17, without altering the approved cost of 13 crore, including a 6 crore corpus fund. This extension follows a recommendation from the National Committee for Promotion of Social and Economic Welfare, confirming the project's proper execution.
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