Project eligibility under section 35AC extended after National Committee recommendation, allowing continued tax-exempt charitable construction. The Central Government specified the construction and furnishing of Shakuntia Devi Mahila Mahavidyalaya and Balika Inter College at Kaimganj by Chandra Prakash Public Charitable Trust as an eligible project under section 35AC, initially for three years beginning with assessment year 2000-2001, and, following a recommendation by the National Committee under rule 11M(5) that the project was being executed properly, extended the specification for a further two years commencing from assessment year 2003-2004.