Section 35AC exemption extension preserves eligibility of specified hospital and community health project for a further three-year period. The Central Government specifies under the Explanation to section 35AC that Dr. M. L. Dhawale Memorial Trust's health project-comprising (a) construction of a 30 bed hospital with building, medical equipment, furnishing, ambulance and preliminary expenses; (b) modernisation of an existing hospital with related inputs; and (c) mobile health clinics and a community health workers' programme-is an eligible project for a further three year period beginning with the assessment year 2001-2002, following the National Committee's recommendation and noting estimated project cost and corpus fund.