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of <h1>Government Extends Tax Eligibility for School Project in Ahmedabad u/s 35AC for Three More Years.</h1> The Central Government, under section 35AC of the Income-tax Act, 1961, has extended the eligibility of a project for constructing a school, hostel, and residential quarters in Village Sola, Ahmedabad, Gujarat. Initially approved for three years starting from the 1999-2000 assessment year, the project by a local organization is now extended for an additional three years, beginning with the 2002-2003 assessment year. The estimated project cost is INR 32,47,000. This decision follows a recommendation by the National Committee, which confirmed the project's proper execution.
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