Section 35AC exemption extended for a specified charitable hospital project while excluding corporate social responsibility funds. The Central Government re notifies the construction of an 80 bed general hospital at Talab Tillo Road, Jammu by BEE ENN Charitable Trust as an eligible project under Section 35AC for a further three year period commencing 2015 16 without change to the approved cost, following the National Committee's recommendation that the project is being executed properly. The notification clarifies that the Section 35AC exemption does not apply to funds received under Schedule VII of Section 135 of the Companies Act and the Companies (CSR) Rules, 2014.