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of <h1>Ayodhya Charitable Trust's Hospital Project Extended Under Section 35AC of Income-tax Act for Additional Three Years</h1> The Central Government has designated the Ayodhya Charitable Trust's General Hospital in Pune as an eligible project under section 35AC of the Income-tax Act, 1961. Initially recognized in 1993 for a three-year period starting from the assessment year 1994-95, the project has been extended for an additional three years, covering assessment years 1997-98, 1998-99, and 1999-2000. This extension follows the National Committee's recommendation, confirming the project's proper execution. The estimated cost for the hospital's construction is eighty-nine lakhs and twenty-five thousand rupees.
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