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of <h1>Vocational Training Center by Bombay YMCA Extended Under Section 35AC for Three More Years, Costing 4.27M Rupees</h1> The Central Government has specified the construction, equipment, furnishing, and operation of a vocational training center by The Bombay Young Men's Christian Association in Mumbai as an eligible project under Section 35AC of the Income-tax Act, 1961. Initially recognized in 1995 for three years, the project's eligibility was extended in 1997 for another three years. Given the project's continued execution, the National Committee recommended further extension. Consequently, the government has approved the project for an additional three years, starting from the assessment year 2001-2002, with an estimated cost of 4,273,000 rupees.
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