Exemption under section 35AC: extension of eligibility for Sports Coaching Foundation projects for three assessment years. Exemption under section 35AC is applied to the Sports Coaching Foundation's capital and revenue projects at Masab Tank, Hyderabad, designating them as eligible schemes. Following the National Committee's recommendation under the Income tax Rules that the projects are being properly executed, the Central Government extends the earlier specification for a further three assessment years, maintaining the projects' eligible status and noting the project location and estimated cost.