Income tax exemption provision: eligibility for a nonprofit college project extended following national committee recommendation. The Central Government, under the Income tax Act exemption provision, specifies the Shri Rang Navchetan Mahila College project executed by Shri Navchetan Education Society Valia as an eligible project for a further three year period commencing with the assessment year 2002 2003, following the National Committee's recommendation that the project is being properly executed; the notification records the project's estimated cost and an associated corpus fund as part of the specification.