Section 35AC extension permits continued tax-eligible status for a trust's school and medical centre project for three further fiscal years. Central Government notification under the Explanation to the Income-tax Act extends recognition of Bellur Krishnamachar & Seshamma Smaraka Nidhi Trust's project-setting up and running a school and Medical Centre-cum-Hospital for SC/ST and economically weaker rural sections-as an eligible project for a further three financial years beginning 2010-11, without change to the previously approved project cost and corpus fund, following a recommendation by the National Committee for Promotion of Social and Economic Welfare under the Income-tax Rules.