Exemption under section 35AC: designated eye-care project approved for tax-eligible status and statutory extension following committee recommendation. Notification designates the project 'Setting up of satellite eye care centres' by Kutch Vikas Trust as an eligible project for income-tax exemption under the statutory provision for social welfare projects; the National Committee recommended, and the Central Government approved, a three-year extension of the originally notified three-year period without change to the approved project cost.