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of <h1>Mangalam Medical Rehabilitation and Research Centre Project Tax Exemption Extended Under Section 35AC for Three More Years</h1> The Central Government has extended the eligibility of the Mangalam Medical Rehabilitation and Research Centre project for tax exemption under section 35AC of the Income-tax Act, 1961. Initially specified in 1995 for a three-year period starting from the 1996-97 assessment year, the project involves the construction, furnishing, and equipping of a medical center in Delhi and Lucknow. Due to its ongoing nature and proper execution, the National Committee recommended a further extension. Consequently, the project is now eligible for tax exemption for an additional three years, starting from the 1999-2000 assessment year, with an estimated cost of INR 38,07,000.
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