Tax exemption for educational infrastructure extended as a specified eligible project, continuing eligibility after committee recommendation. The Central Government specifies the construction, furnishing and establishment of a Women's Degree College and Girl's Hostel at Borli, Panchatan, Raigad by Royal Education Society as an eligible project under section 35AC for income-tax exemption, following a National Committee recommendation that the project is being properly executed, and extends that eligibility for a further three-year period commencing with the assessment year 2001-2002.