Exemption under section 35AC: eligibility for hospital expansion project extended for additional financial years by governmental notification. The Central Government notified continuation of the project 'Expansion of Mahatma Gandhi Hospital' by India Education Trust as an eligible project under the Exemption provision of the Income-tax Act, extending its eligibility beginning with the financial year 2007-2008 after a National Committee recommendation; the notification preserves the approved project cost of Rs. 1500 lakh and confirms no change to that approved cost.