Exemption under Section 35AC extended for a trust-run rural development project after administrative review and recommendation. The Central Government extended the specification of Swami Sivananda Gramothan Yojana, carried out by Swami Sivananda Memorial Trust at Pattamadai and surrounding villages, as an eligible project for exemption under Section 35AC for a further three-year period beginning with assessment year 2001-2002, following the National Committee's recommendation that the scheme is being executed properly; the notification records the project's estimated cost and corpus fund.