Exemption under Section 35AC: Satya Bharti Schools scheme specified and project cost ceiling expanded by central government. The Central Government specified the 'Satya Bharti Schools (establishing and supporting over 60 primary schools as well as non-formal education)' by Bharti Foundation as an eligible project under Section 35AC and, on the National Committee's recommendation, amended the earlier notification to increase the maximum allowable project cost and corpus fund for purposes of the Section 35AC deduction.