Extension of eligible project status under Section 35AC preserves tax incentive eligibility for the notified nursing school project. Notification under section 35AC specifies that the 'Nursing school' project carried out by Prashant Memorial Charitable Hospital, Muzaffarpur, is continued as an eligible project for income-tax incentive purposes for a further three-year period, without any change to the approved project cost, following recommendation by the National Committee under rule 11M sub-rule (5) of the Income-tax Rules and exercise of the Central Government's notification power.