Specification under section 35AC: eligible project extension granted for land development and school construction by charity association. The Central Government, under the Explanation to section 35AC of the Income-tax Act, specified the land development and construction of a school/vocational training centre for mentally handicapped children by the Parents Association for the Welfare of Children with Mental Handicap as an eligible project for a further period of three years commencing from assessment year 2002-2003, following the National Committee's recommendation that the project was being executed properly; the notification identifies the executing body and states the estimated project cost.