Tax incentive eligibility under Explanation to section 35AC extended for a specified cancer hospital project following committee recommendation. Central Government, under the Explanation to section 35AC, specifies the construction, furnishing, purchase of equipment and water works for Kailas Cancer Hospital by Muni Seva Ashram as an eligible project for a further three years commencing with financial year 2006-2007, without change in the approved project cost of Rs. 2118.67 lakhs, following a recommendation of the National Committee satisfied with project execution and the applicable rule based approval.