Exemption under section 35AC: Shri Sathya Sai Central Trust drinking water scheme specified as eligible for two assessment years. Exemption under section 35AC is applied to the Shri Sathya Sai Central Trust drinking water supply project in District Anantapur by central notification, extending the scheme's designation as an eligible project for two further assessment years commencing 1998-99, following a National Committee recommendation that the project was being properly executed and relying on powers in the Explanation to section 35AC.