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of <h1>'Project Eye Hope' in Mumbai Gains Three-Year Extension for Tax Benefits Under Section 35AC</h1> The Central Government has extended the eligibility of the 'Project Eye Hope' in Mumbai, conducted by Eye Bank Coordination and Research Centre at Manisha Hospital, for an additional three years starting from the financial year 2010-11. This project, initially notified in 1998 and extended multiple times, is recognized under Section 35AC of the Income-tax Act, 1961, allowing for tax benefits. The approved cost remains Rs. 72.29 lakh, with an additional corpus fund of Rs. 112.50 lakh. The extension follows a recommendation from the National Committee for Promotion of Social and Economic Welfare, confirming the project's proper execution.
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