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of <h1>Tax Exemption Extended for Health Project in Bombay u/s 35AC, Now Covers 1999-2000 to 2001-2002.</h1> The Central Government has extended the eligibility of a project run by a health organization in Bombay for tax exemption under Section 35AC of the Income Tax Act. This project involves operating medical relief and assistance centers in several cities, including Kalyan, Pune, Delhi, Bombay, Gwalior, Thiruvanthapuram, and Cochin. Initially approved for three years starting in the 1996-97 assessment year, the project is now extended for an additional three years beginning with the 1999-2000 assessment year, with an estimated cost of 61.84 lakh rupees. The extension follows a recommendation by the National Committee.
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