Exemption under section 35AC: drinking water project by Sri Sathya Sai Central Trust approved for extension of eligibility. The Central Government renewed the specification of the drinking water supply project in District Anantpur by Sri Sathya Sai Central Trust as an eligible project for income-tax exemption for a further assessment year, following a National Committee recommendation that the project was properly executed; the extension is effected by formal notification under the relevant income-tax provision and applicable rule-based recommendation procedure.