Section 35AC eligible project extension: Tata Sponge Iron scheme extended and project cost ceiling increased. The Central Government specifies the Tata Sponge Iron Limited scheme in Keonjhar District as an eligible project under Section 35AC for a further three financial years commencing 2010-11, covering tube-wells, school repairs, agricultural promotion and medical facilities, and amends the original notification's Table to increase the maximum project cost allowable as a deduction under section 35AC to reflect the enhanced estimated project cost.