Exemption under section 35AC: eligibility for hospital construction project by Bala Sai Baba Trust extended after National Committee recommendation. The Central Government, acting under the statutory exemption provision and the Explanation to the Income-tax Act, specifies continuation of eligibility for the construction, furnishing and equipping of Bala Sai Baba Hospital and Research Centre by Bhagwan Sri Bala Sai Baba Central Trust. Following the National Committee's recommendation under the Income-tax Rules, the project-originally specified for a three-year period beginning with assessment year 1997-98-is specified for a further three-year period beginning with assessment year 2000-2001 at the estimated project cost.