Exemption under section 35AC extended for a charitable eye research project following National Committee recommendation. The Central Government has specified the construction and equipping of an Eye Research Training Centre at Veerayatan, Rajgir, Nalanda, Bihar, as an eligible project for a further three-year period commencing with the assessment year 2004-2005, following the National Committee's recommendation that the project is being executed properly and relying on the statutory mechanism permitting extensions of specified eligible projects.