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of <h1>Shree Pragati Foundation's Hospital Project in Mumbai Gets Two-Year Extension u/s 35AC of Income-tax Act.</h1> The Central Government has extended the eligibility of Shree Pragati Foundation's project for purchasing medical and non-medical equipment, vehicles, furnishing, and running a hospital in Mulund (West), Mumbai, under section 35AC of the Income-tax Act, 1961. Initially approved for three years starting from the assessment year 2001-2002 and extended for one year in 2004-2005, the project is now specified for an additional two years from the financial year 2004-2005. The project maintains an approved cost of Rs. 1070.00 lakhs, including a corpus fund of Rs. 500.00 lakhs.
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