Exemption under section 35AC extended for Deepalaya school project; eligible donations retain tax benefit for further assessment years. The Central Government has specified the Deepalaya project for construction, furnishing and equipment of a school at Govindpuri, Kalkaji Extension, Delhi as an eligible project under the Income-tax Act for a further three assessment years commencing with assessment year 1999-2000, following a recommendation of the National Committee that the project is being executed properly, at an estimated cost of rupees one hundred eighty-six lakhs.