Exemption under section 35AC extended for specified eye-hospital project, enabling continued tax relief during renewed period. The Central Government specifies the Lions Comprehensive Eye Care Foundation's eye-hospital project at MIDC, Miraj as an eligible project for tax exemption under the provision corresponding to section 35AC, following the National Committee's recommendation. The specification extends the project's eligibility for a further three-year period commencing from financial year 2004-2005, with no change to the previously approved capital cost, thereby maintaining the project's entitlement to the prescribed income-tax relief.