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of <h1>Charitable Trust's Hospital Project in Ahmedabad Extended for 3 Years u/s 35AC of Income-tax Act.</h1> The Central Government has designated the purchase of equipment and the development and updating of a hospital by a charitable trust in Ahmedabad as an eligible project under Section 35AC of the Income-tax Act, 1961. Initially approved for three years starting from the 1999-2000 assessment year, the project is now extended for an additional three years beginning with the 2002-2003 assessment year. The project involves an estimated cost of INR 64 lakhs, with an additional corpus fund of INR 50 lakhs. The National Committee has confirmed the project's proper execution and recommended the extension.
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