Exemption under Section 35AC extended for the Aravali Medical and Research Centre project for an additional one-year period. The Central Government, on recommendation of the National Committee and under the powers of the Income tax Act, specified the project for construction, residential staff quarters, purchase of equipment and furnishing of the Aravali Medical and Research Centre carried out by Aravali Vikas Mandal as an eligible project under section 35AC for a further period commencing with the financial year 2005 2006, without any change in the approved estimated cost.