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of <h1>Central Government Extends Jivan Jyot Charitable Trust Project Eligibility Under Section 35AC for Three More Years</h1> The Central Government has extended the eligibility of a project by Jivan Jyot Charitable Trust in Mumbai under Section 35AC of the Income-tax Act, 1961. This project, which provides medical aid, education, and food grains, was initially recognized in 1998 and has been periodically extended. The estimated cost of the project is Rs. 250 lakhs, including a corpus fund of Rs. 50 lakhs. The National Committee for Promotion of Social and Economic Welfare recommended the extension for an additional three years, covering the financial years 2010-2011 to 2012-2013, without altering the approved cost.
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