Exemption under section 35AC extended for construction and running of specified primary school for further assessment years. The Central Government, exercising powers under section 35AC, specified the construction, furnishing and running of Pranavananda Centenary Primary School at Village Kasuria, Nadia, West Bengal of Bharat Sevashram Sangha as an eligible project for a further three assessment years commencing from assessment year 1999-2000, at an estimated cost of twenty-two lakhs, following the National Committee's recommendation that the project was being executed properly and extended beyond the initial three year period.