Exemption under section 35AC: eligible hospital project extension approved, enabling continued deduction eligibility for further period. The Central Government specifies the construction, repair and upgradation of buildings, purchase of equipment, furnishing and running of a hospital by Shri Kandivali Hitvardhak Mandal as an eligible project for tax exemption, following a National Committee recommendation that the project is being properly executed, and extends the eligibility for a further three year period commencing with the stated assessment year, recording the estimated project cost and included corpus fund.