Approval under section 35AC extended for specified institutional projects, renewing tax-eligible status for listed assessment years. Approval under the Income-tax Act is extended to Banwasi Seva Ashram, Govindpur, Sonbhadra, U.P., for the projects and schemes previously notified, on the National Committee's recommendation and pursuant to the applicable explanation and rules, because the National Committee was satisfied that the eligible projects were being executed properly; the approved status is extended for a further period covering the specified assessment years.