Tax eligibility for expansion project under Explanation to section 35AC extended for further three-year period following committee recommendation. The Central Government, under the Explanation to section 35AC of the Income-tax Act, specifies the Expansion Project by Lions Club of Karnavati Foundation-equipment purchase to increase free eye surgeries and running a hospital at Village Ognaj, Ahmedabad-as an eligible project for a further three years from financial year 2006-07, without change to the previously approved cost including the corpus fund, following the National Committee's recommendation that the project is being executed properly.