Tax exemption under section 35AC extended to School Adoption Scheme and Balwadi Project for a further multi-year period. Exemption under section 35AC is applied to the School Adoption Scheme and Balwadi Project executed by The Bombay Community Public Trust in Mumbai; the Central Government, upon recommendation of the National Committee that the projects were properly executed, specifies these initiatives as eligible projects for a further three-year period beginning with the stated assessment year and records the projected cost, thereby extending their eligibility for tax-deduction incentives under the Income-tax Act.