Section 35AC exemption extended for Mata Gujari Old Age Home, granting eligibility for an additional assessment year. Central Government specifies Mata Gujari Old Age Home, executed by Nishkam Sikh Welfare Council, New Delhi, as an eligible project under Section 35AC for a further one assessment year in relation to the assessment year 1997-98 at the estimated cost stated in the notification, acting under sub-section (1) read with clause (b) of the Explanation to Section 35AC following a National Committee recommendation under the Income-tax Rules, 1962.