Specification under section 35AC: Rotary Blood Bank project extended as eligible under income-tax law for a further period. The Central Government, under the Explanation to section 35AC of the Income-tax Act, specifies the Rotary Blood Bank Project at Tughlakabad by Rotary District 3010 Social Welfare Society as an eligible project or scheme for tax incentives, extending its specified eligibility for a further three-year period commencing with assessment year 2003-2004, following the National Committee's recommendation that the project is being properly executed.