Section 35AC approvals: specified charitable projects approved for tax deduction in the notified financial year. Notification under the Explanation to Section 35AC lists approved institutions and their eligible projects with estimated costs and the maximum deductible amounts for the specified financial year, records extensions or sanctioned-cost enhancements for earlier approvals as recommended by the National Committee, and states that contributions from Schedule VII/CSR funds are excluded from exemption under Section 35AC.