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<h1>Government Approves Three-Year Extension for Ashram Sarvana Old Age Home Project u/s 35AC of Income-tax Act.</h1> The Central Government has designated the construction, furnishing, and operation of the South Block of Ashram Sarvana Old Age Home and Eye-cum-General Hospital at Ramanayyapeta Village as an eligible project under section 35AC of the Income-tax Act, 1961. This project, managed by the Association for the Care of the Aged, was initially approved for three years starting in the assessment year 1996-1997, with subsequent extensions. The project is now specified for an additional three years starting from the assessment year 2004-2005, with an estimated cost of INR 970,000.