Income-tax exemption extension: eligible biotechnology development project re-notified for an additional statutory period. The Central Government notifies the scheme 'Sustainable development through biotechnology' carried out by Vidya Pratishthan as an eligible project or scheme under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961, for a further three-year period commencing with financial year 2014-15, without change to the approved cost of Rs. 13.94 crore, following recommendation by the National Committee for Promotion of Social and Economic Welfare.