Tax benefit extension for social welfare project: further three-year eligibility under section 35AC notified by government. The Central Government, pursuant to the Explanation to section 35AC of the Income-tax Act and on the National Committee's recommendation, re-notifies the scheme 'To provide health and employment opportunities' as an eligible project for a further period of three years without any change in the approved cost, thereby continuing its tax-eligible status for the renewed financial years subject to existing compliance conditions.