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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Central Government extends Section 35AC eligibility for Maharashtra socio-economic project by 3 years; cost unchanged at Rs. 75 crore.</h1> The Central Government has extended the eligibility of the 'Development of integrated socio-economic health, education, and essential facilities' project by a specified trust in Maharashtra under Section 35AC of the Income Tax Act, 1961. Initially notified for three years starting from the financial year 2005-06, the project is now approved for an additional three years beginning with the financial year 2008-09. This extension follows a recommendation by the National Committee for the Promotion of Social and Economic Welfare, confirming the project's proper execution. The approved cost remains unchanged at Rs. 75 crore.
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