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of <h1>Hospital Renovation Project in Gujarat Extended for Tax Benefits Under Section 35AC of Income-tax Act</h1> The Central Government has extended the eligibility of the renovation and updating project for a 747-bed hospital in Gujarat under Section 35AC of the Income-tax Act, 1961. Initially approved for three years starting from the 1995-96 assessment year, the project includes refurbishing hospital facilities, updating furniture, constructing new staff quarters, and organizing diagnostic camps. Due to the project's ongoing nature and successful execution, it is now specified for an additional three years, covering assessment years 1998-99 to 2000-01, with an estimated cost of 319.6 lakh rupees.
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