Exemption under section 35AC extended for Karuna Trust scheme, renewing tax-eligible project designation for three assessment years. The Central Government, under section 35AC of the Income-tax Act, specified Karuna Trust's scheme of eye operations, polio operations, camps, oxygen cylinder seva and ambulance service across Gujarat as an eligible project for tax exemption, following a National Committee recommendation that the project is being properly executed. The notification fixes the estimated project cost at ninety-four lakhs and extends the scheme's eligibility for a further three assessment years commencing from assessment year 1999-2000.