Extension of eligible project status under section 35AC preserves tax-deduction eligibility for Krishnamurti Foundation projects. The Central Government notifies continued eligibility under section 35AC for the Krishnamurti Foundation India project 'development and extension of the rural school, the rural hospital & community development work' for three further financial years commencing 2015-16 through 2017-18, without any change in the previously approved project cost, following a recommendation by the National Committee after satisfaction that the project is being executed properly.