Exemption under section 35AC extended for construction and running of two schools, permitting deductions for related recurring expenses. The Central Government re-specifies, under section 35AC, the project consisting of construction and running of two schools and associated recurring expenses by Sri Ramakrishna Tapovanam as an eligible project for a further three-year period, following the National Committee's recommendation that the scheme is being executed properly and pursuant to the powers in the Explanation to section 35AC and rule 11M procedures.