Specification under section 35AC extended for old-age home construction project, granting continued eligibility for tax-deduction benefits. The Central Government specifies the construction of an old age home complex at Srikakulam by Srikakulam Voyadhikula Sangham as an eligible project under the Explanation to section 35AC, and, on the National Committee's recommendation, extends that specification for a further two-year period commencing from the stated assessment year, while recording the implementing entity, project location and estimated project cost.