Tax exemption under section 35AC extended for specified sports infrastructure project, preserving eligibility for notified tax benefits. The Central Government, under section 35AC, specifies the construction and operation of a swimming pool complex with boarding and lodging, a modern gymnasium and an academy by Basavanagudi Aquatic Centre, Bangalore, as an eligible project or scheme and extends that specification for a further three years commencing with the assessment year 2002-2003 following the National Committee's recommendation, noting the estimated project cost.