Exemption under section 35AC: eligible project for Sri Sankara Deva Nethralya extended, maintaining prior approved cost and eligibility. The Central Government, under sub section (1) read with clause (b) of the Explanation to section 35AC, specifies the Sri Sankara Deva Nethralya Phase I Expansion project carried out by Sri Kanchi Sankara Health & Educational Foundation as an eligible project or scheme for a further three year period commencing from the financial year 2004 2005, without any change in the previously approved project cost, following the National Committee's recommendation that the project is being executed properly.