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<h1>Eye Hospital Project in Visakhapatnam Gains 3-Year Extension Under Section 35AC for Tax Benefits</h1> The Central Government has extended the eligibility of the 'Running of Eye Hospital Projects, purchase of Equipment and Building Maintenance' by an organization in Visakhapatnam as an approved project under Section 35AC of the Income-tax Act, 1961. Initially approved for three years ending in the financial year 2014-15 with an estimated cost of 3770.60 lakh, the project has been extended for another three years covering 2015-16, 2016-17, and 2017-18. This decision follows a recommendation by the National Committee for Promotion of Social and Economic Welfare, affirming the project's proper execution.