Tax exemption under section 35AC extended for an Integrated Rural Development Project, preserving eligibility for further assessment years. The Central Government specifies continued tax exemption under section 35AC for the Integrated Rural Development Project carried out by Murleidhor Jalan Foundation, extending eligibility for three assessment years from assessment year 2000 2001. The project components include primary schools, community centres, a vocational training centre at Dibrugarh, old age homes, tubewells, health centres, mobile dispensaries, road construction, dwelling units for the poor, low cost latrines and first phase of a sports stadium, at an estimated cost of rupees four crore seventeen lakhs seventy four thousands, following a National Committee recommendation under the Income tax Rules.