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<h1>Gujarat's Residential Training Centre for Mentally Retarded Gains 3-Year Tax Exemption Extension u/s 35AC.</h1> The Central Government has specified the project by a trust in Gujarat as eligible under section 35AC of the Income-tax Act, 1961. This project involves the provision of equipment, furnishing, and operation of a Residential Training Centre for mentally retarded individuals in Sabarkantha District, Gujarat. Initially approved in 1995, the project's cost estimates were increased over time, reaching Rs. 93.30 lakhs. The National Committee for Promotion of Social and Economic Welfare has recommended extending the project's eligibility for tax exemption for an additional three years, starting from the financial year 2004-2005, without altering the approved cost.