Income tax exemption for a charitable old age home project extended following National Committee recommendation. The Central Government, acting under the relevant provision of the Income-tax Act and rules and following the National Committee's recommendation that the project was being executed properly, specified the construction of a 150 bed old age home at Village Ranawadi, Taluka Velhi, District Pune as an eligible project for a further two assessment years commencing with the assessment year beginning 1999-2000, at the estimated project cost stated in the notification.