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of <h1>Tax Exemption for Shri Navchetan Education Society-Valia Project Extended Under Section 35AC for Additional Three Years</h1> The Central Government has extended the eligibility of the project by Shri Navchetan Education Society-Valia for tax exemption under section 35AC of the Income-tax Act, 1961. This project involves purchasing equipment, furnishing, running, and constructing a building for a women's college in Valia, Gujarat. Initially approved for three years starting from the 1999-2000 assessment year, the project is now extended for an additional three years beginning with the 2002-2003 assessment year. The estimated project cost is 3.5 crore rupees, with an additional corpus fund of 1 crore rupees.
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