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of <h1>Gujarat Trust's Medical, Educational, and Relief Projects Extended Under Section 35AC of Income-tax Act, 1961</h1> The Central Government has extended the designation of the medical, educational, and relief projects of a Gujarat-based trust as eligible under section 35AC of the Income-tax Act, 1961. Initially recognized in 1997 for three years starting from the 1998-99 assessment year, the project has received approval for an additional three-year period beginning with the 2001-2002 assessment year. This decision follows a recommendation from the National Committee, which confirmed the project's proper execution. The estimated cost for the continuation of these projects is INR 1.5 crore.
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