Exemption under section 35AC extended for specified sports infrastructure, maintaining eligibility for additional assessment years. The Central Government, exercising powers under clause (b) of the Explanation to section 35AC, specified the Corporation (Area) Basketball Trust, Indore project for a basketball complex as an eligible project for a further two assessment years commencing from assessment year 1998 99, following a recommendation by the National Committee under the Income tax Rules and noting the project's estimated cost.