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of <h1>Construction of Hostels and Ashramsalas Project Extended Under Section 35AC of Income-tax Act for Additional Three Years</h1> The Central Government has extended the eligibility of the construction of four hostels and development of ashramsalas at Amravati, Hatru, Harisal, and Achalpur in Maharashtra as a project under Section 35AC of the Income-tax Act, 1961. Initially specified in 1995 for three years starting from the 1996-97 assessment year, the project by Shree Hanuman Vyayam Prasarak Mandal is now approved for an additional three years beginning from the 1999-2000 assessment year. The estimated cost of the project is 193.14 lakhs, and it has been confirmed as being executed properly by the National Committee.
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