Exemption under income tax provision: specification extended for an eligible project following National Committee recommendation. The Central Government specifies the Mahyco Research Foundation Trust scheme for Phase II of Shri Ganapati Netralaya at Jalana as an eligible project under the income tax exemption provision, extending the prior three year specification for a further three assessment years following a National Committee recommendation that the project is being executed properly, and records the estimated project cost in the notification.