Central Government Extends Sardar Vallabhai Patel Foundation Project Under Section 35AC for Three More Years

The Central Government, under section 35AC of the Income-tax Act, 1961, has extended the eligibility of a project by the Sardar Vallabhai Patel Foundation for an additional three years, starting from the assessment year 2003-2004. This project involves the renovation and operation of a hospital at Usmanpura, Ahmedabad, including building renovations, furnishing, and the purchase of equipment and ambulances. Initially approved for three years from the 2000-2001 assessment year, the project has been extended due to satisfactory execution, with an estimated cost of 960 lakh rupees, including a corpus fund of 300 lakh rupees.

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