Tax exemption under section 35AC: eligible project status extended for Disability Reduction Project for a further three years. Notification extends tax-exempt status under section 35AC to the 'Disability Reduction Project' by Impact India Foundation for a further three-year period beginning with financial year 2008-09, with the approved project cost remaining unchanged at Rs. 590.00 lakh, following a recommendation by the National Committee for Promotion of Social and Economic Welfare under the Income-tax Rules.