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of <h1>Charitable Hospital Trust in Punjab Gains Three-Year Extension for Healthcare Project Under Section 35AC of Income-tax Act.</h1> The notification from the Central Government extends the eligibility of the healthcare project by a charitable hospital trust in Punjab under section 35AC of the Income-tax Act, 1961. Initially approved in 2009 for a cost of 32.40 crore and extended in 2011, the project is now authorized for an additional three years, covering financial years 2014-15 to 2016-17. The National Committee for Promotion of Social and Economic Welfare recommended this extension, confirming the project's proper execution and anticipated continuation beyond six years.
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