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of <h1>School Project in Gujarat Gains Extension Under Section 35AC, Funded for Two More Years, Costing INR 25.13 Lakhs</h1> The Central Government has specified the construction of a school building, compound wall, land development for a playground, and building area in Bhiloda, Sabarkantha, Gujarat, as an eligible project under Section 35AC of the Income-tax Act, 1961. Originally approved for one year starting from the assessment year 2003-2004, the project is executed by Shri Arbuda Seva Sangh. Due to the project's continuation beyond the initial period and following a recommendation by the National Committee for Promotion of Social and Economic Welfare, it has been extended for an additional two years, commencing from the assessment year 2004-2005, with an estimated cost of INR 25.13 lakhs.
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