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of <h1>Government Extends School Building Project in Gujarat u/s 35AC of Income-tax Act for Additional Three Years.</h1> The Central Government has extended the eligibility of the construction of a school building at Sadatpura, Idar, Sabarkantha, Gujarat, by a local educational trust as an approved project under Section 35AC of the Income-tax Act, 1961. Initially specified in 1995 for three years starting from the assessment year 1996-97, the project has been further approved for an additional three years beginning with the assessment year 1999-2000. The project, estimated to cost approximately 1.763 million rupees, has been recognized due to its proper execution and the recommendation of the National Committee.
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