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<h1>Government Extends Tax Benefit for Kailas Cancer Hospital Project in Gujarat u/s 35AC of Income-tax Act.</h1> The Central Government, under section 35AC of the Income-tax Act, 1961, has extended the eligibility of the project for the construction, furnishing, and equipping of Kailas Cancer Hospital and Research Centre in Vadodara, Gujarat. This project, managed by an organization in Goraj, Vadodara, was initially approved for three years starting in the 2001-2002 assessment year and extended for another three years beginning in 2004-2005. Due to its successful execution, it is now specified for an additional three years from the financial year 2006-2007, maintaining the approved cost of Rs. 2118.67 lakhs.