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of <h1>Charitable Hospital Project in Ujjain Gets Section 35AC Tax Extension, Funding Approved Until 2002</h1> The Central Government has specified the construction of a hospital and research center by a charitable trust in Ujjain, Madhya Pradesh, as an eligible project under Section 35AC of the Income-tax Act, 1961. Initially recognized for the 1994-95 assessment year, the project received extensions for subsequent years up to 1998-99. The National Committee, satisfied with the project's execution, recommended further extension. Consequently, the government has approved an additional three-year extension starting from the 1999-2000 assessment year, with an estimated project cost of 150 lakh rupees.
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