Tax exemption under section 35AC extended to specified charitable projects for 2016-17, with CSR funds excluded. The notification extends approval for specified charitable projects recommended by the National Committee, preserving exemption under Section 35AC for the listed institutions through the financial year 2016-17, with certain projects granted enhanced sanctioned costs or amended scope/title where recommended. The extension applies subject to the previously approved cost limits except where increased by the Committee, allows corpus fund adjustments within approved costs, and expressly excludes funds received under Schedule VII of the Companies Act and Companies (CSR) Rules from the Section 35AC exemption.