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of <h1>Vocational Training Center in Andheri Approved for Tax Benefits u/s 35AC; Eligibility Extended for Three Years.</h1> The Central Government has designated the construction, equipping, furnishing, and operation of a vocational training center in Andheri, Bombay, by The Bombay Young Men's Christian Association as an eligible project under section 35AC of the Income-tax Act, 1961. Initially approved for two years starting in the assessment year 1996-1997, the project's eligibility was extended multiple times. The National Committee for Promotion of Social and Economic Welfare recommended further extension, and the government has now approved the project for an additional three years starting from the financial year 2003-2004, maintaining the approved cost of Rs. 42.73 lakhs.
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