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of <h1>'Eye Hope' Project Extended Under Section 35AC for Additional Three Years, Recognized for Its Continued Impact.</h1> The Central Government has designated the 'Eye Hope' project by the Eye Bank Coordination and Research Centre in Mumbai as an eligible project under Section 35AC of the Income-tax Act, 1961. Initially recognized in 1998 for three years starting from the 1999-2000 assessment year, the project has been extended for an additional three years beginning from the 2002-2003 assessment year. The project, with an estimated cost of INR 72,29,000 and a corpus fund of INR 1,12,50,000, continues to be recognized due to its proper execution and ongoing need.
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