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of <h1>Project for Kidney Hospital Construction and Equipment Purchase Extended Under Section 35AC for Three More Years</h1> The Central Government has extended the eligibility of a project under section 35AC of the Income-tax Act, 1961, for an additional three years, starting from the assessment year 2003-2004. This project involves the construction of a kidney hospital, purchase of equipment, and covering running expenses at Anand Marg, Jamnagar, executed by a specified organization. Initially approved for three years from the assessment year 2000-2001, the project has been deemed successful by the National Committee, justifying the extension. The estimated cost of the project is 523 lakh rupees, including a corpus fund of 300 lakh rupees.
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