Tax exemption eligibility extended for a charitable vocational project, granting specified benefit for an additional three-year period. The Central Government, under the Explanation to section 35AC, has specified Shri Siddhakshetra Shravikashram's project-covering construction, equipment purchase, furnishing and operation of a multi-purpose vocational training centre with residential quarters, business courses, library and dispensary in Palitana, Bhavnagar District-as an eligible project. Following a National Committee recommendation that the project is being properly executed and will extend beyond its initial term, the project is specified for a further three-year period commencing with the assessment year 2002-2003, with stated estimated project cost and corpus fund amounts.