Exemption under section 35AC: extension of eligible educational project designation enabling continued donor tax relief. The Central Government, acting under the Explanation to the Income-tax Act and on the National Committee's recommendation under rule 11M, specified the Deepalaya School scheme supporting poor children in New Delhi as an eligible project or scheme under section 35AC for a further three-year period commencing the stated assessment year, identifying the executing body and the estimated corpus fund, thereby enabling continued tax-exempt treatment for donor contributions subject to statutory conditions.