Deduction under Section 35AC extended for One Teacher Schools project and maximum allowable project cost increased. Notification under Section 35AC extends eligibility for tax-deductible expenditure on 'Running of 3150 One Teacher Schools' by Bharat Lok Shiksha Parishad for a further three financial years and, following the National Committee's recommendation that the project is being properly executed, amends the earlier notification to increase the maximum project cost eligible for deduction.