Eligible project designation under section 35AC extended for Karnatak Health Institute health and hydel projects. The Central Government, under section 35AC of the Income-tax Act, specifies as eligible project or scheme the establishment of a mini hydel project at Gokak Canal and the running of a hospital with freeship for poor patients by Karnatak Health Institute, Ghataprabha, and, on the National Committee's recommendation that the scheme is being executed properly, extends that specification for a further three-year period beginning with the stated assessment year.