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of <h1>Medical Trust's Hospital Project in Maharashtra Extended Under Section 35AC for 1997-99 with INR 3.41 Crore Support</h1> The Central Government has designated the construction, furnishing, and operation of an OPD, Cobalt Therapy, and Dental Hospital in Ahmednagar, Maharashtra, by a medical trust as an eligible project under section 35AC of the Income-tax Act, 1961. Initially approved for two years starting from the 1995-96 assessment year, the project has been extended for another two years, covering assessment years 1997-98 and 1998-99. The project, with an estimated cost of INR 3,41,90,000, continues to receive support following a recommendation from the National Committee, confirming its proper execution.
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