Exemption under section 35AC extended and approved project cost increased for a specified charitable eye bank. The Central Government specifies the Arpan Eye Bank run by Arpan Trust as an eligible project under section 35AC for a further three years beginning with assessment year 2004-2005 and, following the National Committee recommendation under rule 11M, increases the maximum amount of project cost allowable as a deduction under section 35AC; the original notification is amended to reflect the enhanced approved cost and the extension of the period of specification.