Exemption under section 35AC: hundred bedded Ashram project specified for a further three year eligible period. The Central Government has specified the construction, furnishing and running of a hundred bedded Khail Shanker Durlabhji Avedna Ashram by Khail Shanker Durlabhji Avedna Ashram Trust as an eligible project or scheme for a further three year period commencing with financial year 2006 07, following a recommendation by the National Committee and without any change in the approved project cost, thereby continuing its entitlement to exemption under the income tax provision addressing specified charitable projects.