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of <h1>Government Extends Eligibility for Sankar Foundation Project Under Section 35AC, Income-tax Act, for Two More Years</h1> The Central Government has extended the eligibility of a project by Sankar Foundation in Visakhapatnam under section 35AC of the Income-tax Act, 1961. Initially approved for three years starting from the assessment year 1999-2000, the project involves purchasing equipment and running hospital projects. Based on the National Committee's recommendation, the project is now specified as eligible for an additional two years, beginning with the assessment year 2002-2003. The estimated cost of the project is INR 1,04,51,000.
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