Eligible project specification under section 35AC extends tax-eligible status for Grama Arogyalayam run by Bhagavatula Charitable Trust. The Central Government specifies the extension and running of the Grama Arogyalayam at Yellamanchili by Bhagavatula Charitable Trust as an eligible project or scheme under the Explanation to section 35AC, extending its tax-eligible status for a further two years beginning with the assessment year 2001-2002, following the National Committee's recommendation that the project is being executed properly.