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of <h1>Central Government Extends School Adoption Scheme in Mumbai Under Income-tax Act Section 35AC for Three More Years</h1> The Central Government has extended the eligibility of the 'School Adoption Scheme and Balwadi Project at Mumbai, Maharashtra,' managed by The Bombay Community Public Trust, as an approved project under section 35AC of the Income-tax Act, 1961. Initially recognized in 1997, the project's eligibility was previously extended multiple times and is now further extended for three more years, covering the financial years 2009-10, 2010-11, and 2011-12. The project continues with an approved cost of Rs. 300 lakhs, following recommendations by the National Committee for Promotion of Social and Economic Welfare.
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