Exemption u/s 35AC - Central Government had specified for Sports Coaching Foundation capital Nature Project; Sports Coaching Foundation Revenue Nature Project by the Sports Coaching Foundation, Hyderabad, as an eligible project or scheme - S.O.550(E)

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<h1>Sports Coaching Foundation Projects in Hyderabad Approved for Section 35AC Benefits, Extended for Three More Years</h1> The Central Government has specified the Sports Coaching Foundation's Capital and Revenue Nature Projects in Hyderabad as eligible projects under section 35AC of the Income-tax Act, 1961. Initially recognized in 1995 and extended in 1998, these projects have been approved for an additional three years starting from the assessment year 2002-2003. The projects, carried out by the Sports Coaching Foundation at an estimated cost of 4,286,000 rupees, have been deemed properly executed by the National Committee, prompting the extension.

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