Exemption under section 35AC extended for specified cancer hospital project, renewed specification granted with capped donations. Exemption under section 35AC is specified for the Namco Charitable Trust project to construct a cancer hospital and purchase equipment at Nashik for a further three year period commencing from financial year 2003-04, without change in the approved cost, pursuant to the powers under the Income tax Act; the National Committee recommended the extension while restricting the donations eligible for deduction to the limit it specified.