Section 35AC extension for an eligible social welfare project continues tax-favourable status following committee recommendation. The Central Government, upon recommendation of the National Committee for Promotion of Social and Economic Welfare, has extended designation of the 'Expansion & Running of Srinivas Institute of Medical Sciences Hospital & Research Centre' by A Shama Rao Foundation as an eligible project under Section 35AC, maintaining the previously approved project cost and corpus fund and permitting the project's tax-favourable status for an additional three-year period.