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of <h1>Manilal Rikhavchand Kothari Hospital Project in Gujarat Extended u/s 35AC for Tax Exemption Benefits.</h1> The Central Government has specified the purchase of equipment for Manilal Rikhavchand Kothari Lions Orthopaedic and General Hospital, operated by a charitable trust in Gujarat, as an eligible project under section 35AC of the Income-tax Act, 1961. Initially approved for three years starting from the 1998-99 assessment year, the project has been extended for another three years beginning with the 2001-2002 assessment year. The project, estimated at a cost of 1.568 crore rupees, has been deemed properly executed by the National Committee, warranting its continued eligibility for tax exemption.
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