Exemption under section 35AC extended for specified educational and developmental programme for a further three-year period. Specification under section 35AC designates Katha's educational and developmental programme at Katha Khazana as an eligible project for income-tax exemption and extends that eligibility for a further three-year period commencing with the assessment year 2003-2004 following the National Committee's recommendation; the Central Government specifies the scheme at an estimated cost including a corpus fund.