Section 35AC exemption: Mid-day Meal Project designated eligible; funds under CSR Schedule VII excluded from tax relief. The Central Government notifies the Mid-day Meal Project run by Iskcon Food Relief Foundation as an eligible project under section 35AC for a further three-year period beginning with financial year 2016-17, retaining the approved project cost; 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.