Exemption under Section 35AC extended for Swayamkrushi's training and housing project; corporate CSR Schedule VII funds excluded. The Central Government notifies Swayamkrushi's 'Training Centre and Housing Facilities' as an eligible project for the income-tax exemption under Section 35AC for three years starting 2015-16 at the approved cost of Rs. 6.22 crore, following the National Committee's recommendation, and clarifies that the 35AC exemption does not apply to funds received under Schedule VII of the Companies Act and the Companies (CSR) Rules, 2014.