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of <h1>Government Extends Project Eligibility Under Section 35AC for Building Repairs and Equipment Purchase, Costing INR 2.5 Crores</h1> The Central Government has extended the eligibility of a project under Section 35AC of the Income-tax Act, 1961, involving the repair and construction of buildings and the purchase of equipment at Thava, Taluka Valia, Bharauch District, Gujarat. This project is managed by an organization in Thava and was initially approved for three years starting from the assessment year 1999-2000. Following a recommendation from the National Committee, the project has been granted an extension for an additional three years, beginning with the assessment year 2002-2003, with an estimated cost of INR 2.5 crores.
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