Tax exemption eligibility under section 35AC extended for hospital construction, equipment purchase and operation for three years. Extension of section 35AC tax-exemption eligibility is specified for the project of construction of a hospital building, purchase of equipment and running of the hospital by Vaso Arogya Mandal (Shri C.M. Shah General Hospital, Vaso, Nadiad, Kheda, Gujarat). The National Committee recommended further specification under rule 11M(5) after finding proper execution, and the Central Government, under sub section (1) read with clause (b) of the Explanation to section 35AC, declares the project eligible for an additional three-year period beginning with the assessment year 2001-2002 at the estimated project cost stated in the notification.