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of <h1>Tax Benefits Extended for Aravali Vikas Mandal Project Under Section 35AC; Funding Continues for Medical Center Construction</h1> The Central Government has extended the eligibility of a project by Aravali Vikas Mandal for tax benefits under Section 35AC of the Income-tax Act, 1961. This project involves the construction of buildings, residential quarters for staff, and the purchase of equipment for the Aravali Medical and Research Centre in Sindhudurg, Maharashtra. Initially approved for three years starting in the 2002-03 assessment year, the project has been extended multiple times and is now approved for a further three years starting from the 2009-10 financial year. The approved cost remains Rs. 548.90 lakhs, but no certificates will be issued for the expired financial year 2009-10.
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