Exemption under section 35AC extended for a charitable medical institute following regulatory recommendation and compliance. The Central Government specifies the scheme of running and maintenance of Sri Sathya Sai Institute of Higher Medical Sciences by Shri Sathyasai Medical Trust as an eligible project under section 35AC, extending the prior three year specification for a further three years commencing with financial year 2004-2005, following a recommendation under sub rule (5) of rule 11M of the Income tax Rules that the project is properly executed.