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of <h1>Central Government Extends Project Eligibility in Gujarat u/s 35AC, Income-tax Act, for Additional 3 Years.</h1> The Central Government has extended the eligibility of a project under Section 35AC of the Income-tax Act, 1961, involving additional construction, equipment, medical camps, and the operation of a hospital in Gujarat by a local group. Initially approved for three years starting from the 1997-98 assessment year, the project has been granted an extension for another three years from the 2000-2001 assessment year. The project, managed by a local organization, is estimated to cost approximately 2.285 million rupees and has been recognized as properly executed by the National Committee.
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