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<h1>India Extends Arpan Eye Bank Project's Tax Benefits u/s 35AC for Three More Years; Cost Revised to Rs. 27 Lakh.</h1> The Government of India has issued a notification extending the eligibility of the Arpan Eye Bank project in Ghatkopar, Bombay, managed by Arpan Trust, as a specified project under section 35AC of the Income-tax Act. Initially recognized in 1994, the project has been periodically extended, with the current extension covering three years starting from the financial year 2006-2007. The project's estimated cost, originally set at Rs. 4.56 lakh, has been revised multiple times, with the latest increase to Rs. 27.00 lakh. This decision follows recommendations from the National Committee for Promotion of Social and Economic Welfare.