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<h1>Central Govt Extends Tax Benefits for Mumbai's School Adoption Scheme, Balwadi Project u/s 35AC of Income-tax Act.</h1> The Central Government, under section 35AC of the Income-tax Act, 1961, has extended the School Adoption Scheme and Balwadi Project in Mumbai, Maharashtra, conducted by a public trust, as an eligible project for tax benefits. Initially approved in 1997, the project has been extended multiple times, with the latest extension covering three years starting from the financial year 2006-07. The project continues with an approved cost of Rs. 300 lakhs, following recommendations from the National Committee for Promotion of Social and Economic Welfare, which confirmed the project's proper execution.