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of <h1>International Stadium Project in Kochin Gains Two-Year Extension under Income-tax Act Section 35AC for Funding Eligibility.</h1> The Central Government, under the Income-tax Act, 1961, has extended the eligibility of the International Stadium project by the Greater Cochin Development Authority in Kochin as an eligible project under section 35AC. Initially specified for two assessment years starting from 1994-95, the project is now approved for an additional two years beginning from the 1996-97 assessment year. This decision follows a recommendation by the National Committee, confirming the project's proper execution. The project's estimated cost is one thousand lakhs.
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