Tax exemption under section 35AC: hospital construction and operation at Vaso specified as eligible project for extended three-year period. The Central Government specifies the construction, equipment purchase and running of the hospital at Vaso, Nadiad, by Vaso Arogya Mandal, Shri C.M. Shah General Hospital, as an eligible project for tax exemption under the Income-tax Act for a further three years beginning with assessment year 2001-2002, following a National Committee recommendation under the Income-tax Rules that the project is being properly executed.