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of <h1>Hindu Mission Hospital's Expansion in Madras Gets Tax Benefits Extension u/s 35AC, Cost Revised to Rs. 120 Lakhs.</h1> The Central Government has extended the eligibility of the Hindu Mission Hospital's expansion project in Madras, which includes the addition of a Geriatric Division and Ophthalmic Block, for tax benefits under section 35AC of the Income-tax Act, 1961. Initially approved for three years starting from the 1994-95 assessment year, the project is now specified for an additional three years, covering the assessment years 1997-98, 1998-99, and 1999-2000. The project's cost has been revised from Rs. 96 lakhs to Rs. 120 lakhs. This decision follows a recommendation from the National Committee, confirming the project's proper execution.
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