Section 35AC exemption extended to land development and running of Shree Nirmal Vivek Institute; eligibility renewed. The Central Government specifies that the project of land development, construction, furnishing, equipment and running of Shree Nirmal Vivek Institute of the Society for Welfare of Mentally Handicapped, Jaipur qualifies as an eligible project under section 35AC, following the National Committee's recommendation under sub rule (5) of rule 11M; the specification renews eligibility for a further three assessment years commencing with assessment year 1999-2000 and records an estimated project cost.