Exemption under section 35AC: construction of school buildings by Rutumbhara Education and Vikas Trust specified as eligible for further period. The Central Government specifies the construction of school buildings at Sadatpur, Idar, Sabarkantha, Gujarat, by Rutumbhara Education and Vikas Trust as an eligible project for exemption under section 35AC of the Income-tax Act, following the National Committee's recommendation under the governing rules; the specification extends eligibility for a further three-year period beginning with the assessment year 2002-2003 and records the executing trust, project location and estimated project cost.