Section 35AC tax benefit: extension of eligible hospital project while preserving approved project cost and continuity. The Central Government notifies continuation of the Mahatma Gandhi Hospital-Cardiac Hospital project carried out by India Education Trust as an eligible project under section 35AC of the Income-tax Act for a further three-year period commencing with the financial year 2013-14, without any change in the approved project cost, following the National Committee's recommendation that the project is being executed properly.