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of <h1>Central Government Extends Section 35AC Tax Benefits for Navsari Hospital Project Through 2006 for Equipment and Operations.</h1> The Central Government has extended the eligibility of a project under Section 35AC of the Income-tax Act, 1961, for the purchase of equipment and operation of Manilal Rikhavchand Kothari Lions Orthopaedic and General Hospital in Navsari, Gujarat. This project, managed by Navsari Lions Sarvajanik Charitable Trust, was initially approved for three years starting from the 1998-1999 assessment year and extended for another three years from 2001-2002. The National Committee for Promotion of Social and Economic Welfare has recommended further extension for three years from the financial year 2003-2004, maintaining the estimated cost.
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