Exemption under section 35AC extended: eligible charitable healthcare project specified for a further three-year period. The Central Government, exercising powers under the Explanation to Section 35AC read with sub section (1), specifies the construction, furnishing and running of a 100 bedded Khail Shanker Durlabhji Avedna Ashram for providing free care to terminally ill patients and a day care centre for elderly persons as an eligible project for a further three year period commencing with the assessment year 2004 2005, following the National Committee's recommendation that the project is being executed properly.