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<h1>Adhiparasakthi Trust's Hospital Project Tax Exemption Extended Under Section 35AC for Three More Years</h1> The Central Government has extended the eligibility of the Adhiparasakthi Charitable Medical, Educational and Cultural Trust's project in Melmaruvathur, Tamilnadu, for tax exemption under section 35AC of the Income-tax Act, 1961. Initially specified in 1996 for a three-year period starting from the assessment year 1997-98, the project involves the construction, furnishing, and equipping of a hospital and research institute. Due to its ongoing nature and proper execution, the National Committee recommended an extension. The project is now eligible for a further three-year period starting from the assessment year 2000-2001, with an estimated cost of 21.64 crore rupees.