Specification under Explanation to section 35AC: rural development project by Srinivasan Services Trust specified for a further three-year period. Central Government specified the Rural Development Projects at Thirukkurungudi, Padavedu, Erattai Thirupathi and Thirukkolur Villages of Tamilnadu and Kembal Village of Karnataka carried out by Srinivasan Services Trust as an eligible project under the Explanation to the Income-tax Act for a further three-year period commencing with assessment year 2003-2004, following a National Committee recommendation under the Income-tax Rules that the project was being executed properly.