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of <h1>Tax Exemption Extended for Polio Center and Eye Hospital Project under Section 35AC of Income-tax Act</h1> The Central Government has extended the eligibility of the project for constructing, equipping, and furnishing a polio center and eye hospital at the Shri Atma Vallabh Hospital Compound in Idar, Gujarat, managed by a local society, for tax exemption under section 35AC of the Income-tax Act, 1961. Initially specified in 1995 for three years, the project has been found to be progressing satisfactorily and is now approved for an additional three years starting from the 1999-2000 assessment year, with an estimated cost of 5,728,000 rupees.
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