Exemption under section 35AC: specified land development and equipment project declared eligible following committee recommendation. The Central Government, under sub-section (1) read with clause (b) of the Explanation to section 35AC, specifies the land development, construction, furnishing and equipment/medicines project of Vishwabalak Kendra carried out by Children of the World (India) Trust, Tardeo, Mumbai, as an eligible project or scheme for a period of two years beginning with the assessment year 2000-2001, following a recommendation by the National Committee under sub-rule (5) of rule 11M that the project is being executed properly.