Exemption under Section 35AC: specified medical infrastructure project retains eligibility for additional assessment years. Exemption under Section 35AC: the Central Government specifies the construction, furnishing and running of an OPD, Cobalt Therapy and Dental Hospital at Ahmednagar by Pravara Medical Trust as an eligible project for income tax exemption, relying on the National Committee's recommendation under the Income tax Rules and exercising powers under the Explanation to Section 35AC.