Exemption under section 35AC: education scholarship scheme specified eligible for extended period, preserving donor tax relief. The Central Government specifies the education scholarship and grant scheme in Gujarat and Maharashtra as an eligible project under Section 35AC for a further three-year period beginning with the assessment year 2002-2003, following a National Committee recommendation under rule 11M(5) that the project is being properly executed; the notification records an estimated corpus fund for the project and continues its qualification for tax-exempt donations under the statutory provision.