Exemption under section 35AC extended for the Eye Hope project, prolonging its eligible status after National Committee recommendation. The Central Government has specified the 'Eye Hope' project by Eye Bank Coordination and Research Centre, Mumbai, as an eligible project under the Income-tax Act for a further period of three years commencing from assessment year 2002-2003, following a National Committee recommendation that the project was being executed properly; the notification records the project's estimated cost and a corpus fund and identifies the implementing institution and location.