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of <h1>'Gift of Vision' Project in Bangalore Extended for Tax Benefits Under Section 35AC Through 2012-13</h1> The Central Government has extended the eligibility of the 'Gift of Vision, Bangalore' project, managed by a medical trust in Coimbatore, Tamil Nadu, as an approved project under Section 35AC of the Income-tax Act. Initially recognized for three years starting from the 2007-08 financial year, the project has been extended for an additional three years, covering 2010-11 to 2012-13, without altering the approved cost of Rs. 5.40 crore. This decision follows a recommendation by the National Committee for Promotion of Social and Economic Welfare, affirming the project's proper execution.
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