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<h1>Marathwada Medical Project in Aurangabad Gains 3-Year Extension u/s 35AC, Income-tax Act 1961.</h1> The Central Government has specified the construction of the Marathwada Medical Research and Rural Development Institute in Aurangabad as an eligible project under section 35AC of the Income-tax Act, 1961. Initially recognized for three years starting from the assessment year 1997-98, the project has been extended for an additional three years beginning with the assessment year 2000-2001. The project, executed by the Marathwada Medical Research and Rural Development Institute at a cost of approximately 8.21 crore rupees, involves construction and furnishing, including equipment costs, at specified plots in MIDC Chikalthana, Aurangabad.