Tax exemption for eligible projects extended: sports complex at Memnagar remains specified and eligible for a further period. The Central Government specifies the construction and furnishing of a sports complex at Village Memnagar by the Ahmedabad Government Employees Tennis Association as an eligible project for tax exemption under the Income tax Act, following a National Committee recommendation that the project is being executed properly; the specification covers a further period of two assessment years commencing from the assessment year 1996 97 at an estimated cost of sixty one lakhs.