Exemption under section 35AC: project eligibility extended after committee recommendation, preserving tax benefit for donor contributions. Central Government, acting on a National Committee recommendation, specifies the construction of the centenary building for Srivilliputtur Higher Secondary School by Srivilliputtur Hindu High School Old Students Association as an eligible project for income tax exemption under the governing provision for a further three assessment years commencing from the assessment year 2000 2001, at an estimated cost of twenty eight lakhs, extending the original three year designation that began with the assessment year 1997 98.