Tax exemption under section 35AC renewed for school construction project, eligibility extended following committee recommendation. Central Government specifies continuation of tax-exemption eligibility for the Shri Arbuda Seva Sangh project consisting of school building, compound wall, land development for playground and building area at Bhiloda, Sabarkantha, Gujarat, and, following the National Committee's recommendation under the applicable rules, designates the project as an eligible scheme for a further two-year period, noting the estimated project cost for administrative purposes.