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of <h1>Tax Benefits Extended for Hospital Project by Adhiparasakthi Trust Under Section 35AC of Income-tax Act 1961</h1> The Central Government, under section 35AC of the Income-tax Act, 1961, has extended the eligibility of a project by the Adhiparasakthi Charitable Medical, Educational and Cultural Trust in Melmaruvathur, Tamilnadu. This project, involving the construction, furnishing, and equipping of a hospital and research institute, was initially recognized for tax benefits for three years starting from the assessment year 1997-1998. It was extended for another three years beginning in 2000-2001. Now, the project is further approved for a three-year period starting from the assessment year 2003-2004, with an estimated cost of INR 21.64 crore.
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