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of <h1>Government Extends Rural and Urban Employment Training Project Eligibility Under Section 35AC of Income-tax Act for Three Years</h1> The Central Government has extended the eligibility of the 'Training centre for development of employment in rural and urban area' project, managed by a trust in Gujarat, under Section 35AC of the Income-tax Act, 1961. Initially notified in 2005 for three years, the project has been deemed successful by the National Committee for Promotion of Social and Economic Welfare. Consequently, the project is now approved for an additional three years, covering the financial years 2008-2009, 2009-2010, and 2010-2011, with no change in the approved cost of Rs. 2.28 crore.
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