Section 35AC extension of eligible project status for health and education enabling increased deductible project cost. Specification under section 35AC designates Sundeep Foundation's health care and education project in Gujarat and Maharashtra as an eligible scheme and extends that specification for three years from the financial year 2004-2005 following the National Committee's recommendation. The notification also amends the maximum cost eligible for deduction, substituting the previously specified Rs. 40.00 lakhs with Rs. 70.00 lakhs.