Exemption under Section 35AC renewed for a specified charitable project, extending eligibility period after national committee recommendation. The Central Government, acting under the powers conferred by Section 35AC, specifies the Parents Association of Deaf Children's project for construction of a school building, hostel for mothers of handicapped children and a training programme at Saraswathipuram, Mysore as an eligible project or scheme for a further three assessment years commencing from the assessment year 1999-2000, following the National Committee's recommendation and noting the project's estimated cost.