Exemption under section 35AC extended for a specified tribal rural development scheme, preserving its eligible status for three more years. The Central Government, on the National Committee's recommendation and under powers conferred by the Income-tax statute and rules, specifies the Manipur Shifting Cultivators' Development Association's scheme for construction of houses, community hall, school buildings, hospital, indoor stadium, animal sheds, purchase of furniture and running of rural welfare schemes for tribals of Munpi Village as an eligible project. The project's eligibility for exemption is extended for a further three years commencing with the financial year 2005-2006, without any change in the approved estimated cost.