Exemption under section 35AC extended for a specified skill training entrepreneurship project benefiting poor drop outs and youth. The Central Government, exercising powers under sub section (1) read with clause (b) of the Explanation to section 35AC, specifies the Skill training with entrepreneurship project for poor drop-outs carried out by Don Bosco Self Employment Research Institute, without change in approved cost, as an eligible project for a further period of three years commencing from the financial year 2004 2005 following recommendation by the National Committee under rule 11M of the Income tax Rules, 1962.