Section 35AC eligibility extended for recurring social welfare project, while the already lapsed financial year remains ineligible. The Central Government, on recommendation of the National Committee under the Income-tax Rules, specifies the recurring expenses project by Shri Navjivan Viklang Sevashray for girls hostel, orphanage and centre for handicapped children as an eligible project under section 35AC for a further three financial years commencing with 2013-14, with the approved cost unchanged including a corpus fund; no exemption under section 35AC is available for the already lapsed first year of that period.