Exemption under section 35AC extends eligibility of K.J. Mehta T.B. Hospital renovation project for a further three year period. The Central Government specifies the renovation and updating project of the 747 bedded K.J. Mehta T.B. Hospital, including additions, alterations, roads, furnishing/replacement of old furniture, construction of new staff quarters, equipment procurement and 75 T.B. diagnostic camps, as an eligible scheme for tax exemption under section 35AC for a further three years commencing with the financial year 2003-2004, without change in the approved cost, following a recommendation by the National Committee as to proper execution.