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of <h1>Basketball Complex Project in Indore Gets Extended Under Section 35AC, Cost Revised to Rs. 1,600 Lakhs</h1> The Central Government has designated the Basketball Complex at Race Course Road, Indore, Madhya Pradesh, as an eligible project under section 35AC of the Income-tax Act, 1961. Initially specified for three years starting from the assessment year 1995-96, the project was extended for two more years from 1998-99. A further extension of three years has been granted, starting from the assessment year 2000-2001, with the project cost revised from Rs. 443 lakhs to Rs. 1,600 lakhs. The project is being managed by the Corporation (Area) Basketball Trust, Indore.
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