Exemption under section 35AC extended for specified charitable education and medical projects following National Committee recommendation. Exemption under section 35AC is applied to the Kuppuswamy Naidu Charity Trust's specified education and medical projects by designating them as eligible projects; the Central Government extends that specification for a further three year period commencing from the financial year 2004 2005 without change in the estimated cost, following a recommendation from the National Committee that the project is being executed properly.