Exemption under section 35AC extended for an eligible hospital project but excludes funds from the elapsed financial year. The Central Government extends the exemption under section 35AC to Thakershy Charitable Trust's hospital development project at Ambawadi for a further three years beginning with financial year 2008-2009, following committee recommendation and prior notifications. The extension is granted without change to the approved project cost and corpus fund, covers financial years 2008-2009 through 2010-2011, but excludes funds collected in the already-elapsed financial year 2008-2009 and precludes issuance of donation exemption certificates for that year.