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of <h1>'ANKUR' Special School Project Extended, Funding Increased u/s 35AC of Income-tax Act, 1961.</h1> The Central Government has amended the notification regarding the 'ANKUR' Special School for Mentally Retarded Children in Bhavnagar, initially recognized as an eligible project under Section 35AC of the Income-tax Act, 1961. The project, originally approved for three years starting from the 2007-08 financial year, is now extended for an additional three years from 2010-11 to 2012-13. The amendment increases the allowable project cost from Rs. 120 lakh to Rs. 175 lakh, including a corpus fund of Rs. 160 lakh, following recommendations from the National Committee for Promotion of Social and Economic Welfare.
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