Exemption under section 35AC extended for vocational training and rehabilitation project, preserving its tax exemption eligibility. The Central Government, invoking sub section (1) read with clause (b) of the Explanation to section 35AC, specifies the Mata Lachmi Rotary Charitable Society project for construction, equipment purchase and running of a vocational training/rehabilitation school for hearing handicapped children at Adipur, Kutch as an eligible project for a further three years from assessment year 2001 2002 at an estimated cost of thirty eight lakhs eighty two thousand.