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of <h1>Hospital Project in Agroha Gains 3-Year Extension Under Section 35AC, Total Cost Approved at 40 Crores</h1> The Central Government has designated the construction of a hospital in Agroha, District Hissar, by a medical society in New Delhi as an eligible project under Section 35AC of the Income-tax Act, 1961. Initially approved for three years starting from the 1994-95 assessment year and extended for two more years until 1998-99, the project is now further extended for three additional years starting from the 1999-2000 assessment year. The approved cost of the project is set at forty crores, following a recommendation by the National Committee confirming the project's proper execution.
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