Section 35AC exemption extended for Basavanagudi International Standard Swimming Pool project; CSR Schedule VII funds excluded. Section 35AC exemption extended to the International Standard Swimming Pool project by Basavanagudi Aquatic Centre for a further three years commencing FY 2015 16 at the same approved cost of Rs. 2.67 crore following a National Committee recommendation; exemption does not apply to funds received under Schedule VII of the Companies Act and the Companies (CSR) Rules, 2014.