Tax exemption under Section 35AC extended for a social welfare project following regulatory recommendation and compliance. Central Government notifies extension of tax-exemption eligibility under Section 35AC for 'Prayas Juvenile Aid Centre, Delhi' for three years beginning with financial year 2008-2009, following the National Committee's recommendation under the applicable rule, the committee being satisfied as to proper execution and the project's likely continuation beyond six years; the extension is granted without change to the approved project cost of Rs. 324.68 lakh.