Exemption under section 35AC: extension granted for Karuna Setu Trust's hospital scheme for additional assessment years. The Central Government specified and extended under section 35AC the Karuna Setu Trust's project of running a hospital, purchasing equipment and conducting welfare activities at Vadnagar, Mehsana District, Gujarat, as an eligible project for a further three assessment years commencing from assessment year 2002-2003, following the National Committee's recommendation and noting the project's estimated cost including a corpus fund.