Exemption under section 35AC: charitable hospital and school project specified as eligible and extended for three years. The Central Government specifies the project of constructing, equipping and running a 30 bed hospital and a high school at Heggadevanakote Taluk by Swami Vevekananda Youth Movement as an eligible project for exemption under the Income tax Act, on the National Committee's recommendation, and extends that eligibility for a further three year period commencing with the assessment year 2003 2004, with the executing trust identified and the estimated project cost recorded.