Exemption under section 35AC extended for specified welfare project following National Committee recommendation, authorising further specified-period continuation. The Central Government, under section 35AC of the Income-tax Act, specifies the project of running a Balwadi and Centre for Integrated Development of girls, boys and women slum dwellers and a Centre for Development Activities for women at Pune, executed by Swa-Roopwardhinee, at an estimated cost of rupees forty lakhs, as an eligible project or scheme for a further period of three years beginning with the assessment year 2001-2002, following a National Committee recommendation that the project is being executed properly.