Specification under Section 35AC extends eligibility of H.B.S. Trust's school and hospital project for a further specified period. The Central Government, upon recommendation by the National Committee for Promotion of Social and Economic Welfare under the Income tax Rules, specifies the Establishment and running of a school and hospital by H.B.S. Trust as an eligible project or scheme under the Explanation to section 35AC of the Income tax Act, extending the previously specified period for a further term without altering the approved project cost or corpus fund component.