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of <h1>Government Extends School Project Eligibility in Baramati Under Section 35AC for Additional Three Years</h1> The Central Government has extended the eligibility of the construction and furnishing project for a school in Baramati, Pune, under Section 35AC of the Income-tax Act, 1961. Initially specified in a 1994 notification for two assessment years starting from 1994-95, the project is now recognized for an additional three years beginning from the assessment year 1996-97. This decision follows a recommendation by the National Committee, which confirmed the project's proper execution. The project is managed by a local development trust in Baramati, Maharashtra.
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