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<h1>'Mission Education, Delhi' Project Extended for Three More Years; Section 35AC Tax Exemption Not Applicable to CSR Funds.</h1> The Central Government has extended the eligibility of the 'Mission Education, Delhi' project by an organization located in Green Park Extension, New Delhi, for a further three years starting from the financial year 2016-17. The project, initially approved for a cost of Rs. 1.82 crore, was previously extended to the financial year 2015-16. The National Committee for Promotion of Social and Economic Welfare has confirmed the project's proper execution. However, the tax exemption under section 35AC does not apply to funds received under Schedule VII of the Companies Act and CSR Rules 2014.