Section 35AC exemption extended for Krishnamurti Foundation's sports complex scheme, making it an eligible project for two assessment years. The Central Government, under the Explanation to section 35AC, specifies the Krishnamurti Foundation India's scheme for constructing a sports complex at Chas Kaman Lake as an eligible project or scheme for tax-exemption purposes. After earlier notifications and an affirmative recommendation from the National Committee that the project was being properly executed and likely to extend beyond two years, the government extends specification for a further two assessment years beginning with the assessment year 1997-98, and records the estimated project cost in the notification.