Specification of eligible project under section 35AC extended; eligibility renewed and project cost ceiling increased. Specification under section 35AC designates the Tiruvarur Lions Eye Hospital construction, equipment and furnishing project as eligible for deduction, renewing eligibility for three years beginning with assessment year 2001-2002; the notification also amends the maximum project cost allowed for deduction, increasing the previously specified cost ceiling following the National Committee's recommendation under rule 11M.