Section 35AC eligibility: construction of old age home project specified as eligible for a further period. The Central Government specifies the construction of an old age home complex at Srikakulam by Srikakulam Vayodhikula Sangham as an eligible project under the Explanation to section 35AC for a further period of three years beginning with financial year 2006-2007. The notification records the approved cost as Rs. 23.93 lakhs plus a corpus fund of Rs. 20.00 lakhs, notes prior extensions and cost enhancements, and relies on a recommendation from the National Committee for Promotion of Social and Economic Welfare, with no change in the approved cost.