Exemption under Section 35AC extended to construction and running of a rural hospital project for three further assessment years. The Central Government specifies the construction, equipment and running of the Rural General Hospital at Chorwad by Kanta Laxmi Mohanlal Pathak Foundation as an eligible project for a further three assessment years commencing from the assessment year 1999-2000, following a National Committee recommendation that the project is being executed properly, at an estimated cost of one hundred nine lakhs.