Exemption under section 35AC: extension of eligible project status for school hostel construction following National Committee recommendation. Exemption under section 35AC: the Central Government specified the construction, equipment and furnishing of a school hostel at Village Boxma by Sanatan Rishikul Ashram Sewa Trust as an eligible project; after a National Committee recommendation that the project was being executed properly, the Government extended the project's eligibility for a further one assessment year period.