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of <h1>Tarun Sangha Project Approved for Section 35AC Tax Benefits, Extended Validity for Assessment Years 1993-97.</h1> The Central Government, based on recommendations from the National Committee, has approved the Tarun Sangha as an eligible project under Section 35AC of the Income-tax Act, 1961. This approval is for an additional year concerning the assessment year 1995-96. The notification amends a previous one, extending its validity for various projects. Specifically, it remains effective for two years for certain projects related to assessment years 1993-94 and 1994-95, and for three years for others concerning assessment years 1993-94 to 1995-96, with a specific project extending to 1996-97.
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