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of <h1>Construction Project for Educational Institution in Uttar Pradesh Extended Under Section 35AC for Tax Benefits</h1> The Central Government has extended the designation of the construction, furnishing, and operation of an educational institution in Uttar Pradesh as an eligible project under section 35AC of the Income-tax Act, 1961. Initially specified in 1995 for three years, the project by an educational society in Tehri Garhwal is now approved for an additional three years starting from the 1998-1999 assessment year. This extension follows a recommendation by the National Committee, acknowledging the project's proper execution. The estimated cost for this project is approximately 149.93 lakhs.
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