Tax exemption under section 35AC extended for UTKARSH hostel scheme for three further financial years. The Central Government notifies the project UTKARSH (Hostel accommodation for students aged 5-13) by Arya Anathalaya, carried out as Balgram SOS Children's Villages in New Delhi, as an eligible project for income-tax exemption for a further three-year period beginning with financial year 2009-2010, without change to the approved project cost of Rs. 22.86 crore, pursuant to a recommendation by the National Committee under the Income-tax Rules.