Exemption under section 35AC extended for the Sanand hospital project for a further period following National Committee recommendation. The Central Government specified the land, construction, equipment and running of M.D. Patel Sarvoday Eye/Orthopaedic Hospital at Sanand by Adhyatmik Antarik Mandal as an eligible project for exemption under the Income-tax Act provision corresponding to section 35AC; following the National Committee's recommendation that the project be extended, the Government has specified the project for a further three-year period beginning with the stated assessment year and recorded the estimated project cost and corpus fund in the notification.