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of <h1>Construction of School Project in Mumbai Extended for Additional 3 Years u/s 35AC of Income-tax Act.</h1> The Central Government has extended the eligibility of the Construction of school building (Phase-II) project by the Children Welfare Centre at Yari Road, Versova, Mumbai, under section 35AC of the Income-tax Act, 1961. Initially approved for three years starting from the assessment year 2000-2001, the project is recognized for an additional three years from the assessment year 2003-2004. The project, estimated to cost approximately INR 2.2759 crores, continues to be deemed eligible following the National Committee's recommendation, acknowledging its proper execution.
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