Exemption under section 35AC extended for eligible school construction and running projects after the National Committee's recommendation. The Central Government specified construction and operation of Sri Ramakrishna Vivekananda Higher Secondary School, construction and operation of Manickavasagam High School at Pandipathram, and recurring expenses for running both schools as eligible projects under section 35AC. Following the National Committee's recommendation that the projects were being properly executed, the Government extended the specification for a further three assessment years commencing with assessment year 1999 2000, without change in the approved cost.