Tax exemption under section 35AC: Government renews eligibility of Mission Education project but excludes CSR funds. Central Government notifies 'Mission Education, Delhi' run by Smile Foundation as an eligible project for the tax exemption under section 35AC for a further three years commencing 2016-17 at the same approved cost; the extension follows the National Committee's recommendation. The notification specifies that the exemption does not apply to funds received under Schedule VII of the Companies Act and the Companies (CSR) Rules 2014.