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of <h1>Central Government Extends Kolkata Education Society's Project Under Income-tax Act Section 35AC for Three More Years</h1> The Central Government has extended the eligibility of the 'Operational Expenditure of the Institution' project by a Kolkata-based education society under Section 35AC of the Income-tax Act, 1961. Initially approved for three years ending in the 2014-15 financial year, the project is now extended for another three years, covering 2015-16 to 2017-18, with an unchanged estimated cost of 48.03 crore, including a 20 crore corpus fund. This decision follows a recommendation by the National Committee for Promotion of Social and Economic Welfare, affirming the project's proper execution.
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