Eligible project extension secures continued tax-exemption for Snehalaya's school and hostel expansion through government notification confirming eligibility period renewal. Central Government specifies the Expansion of Snehalaya Dhyanmandir (School) and Hostel by Snehalaya (Social Trust) as an eligible project under the Explanation to section 35AC for a further three years beginning with financial year 2010-11, retaining the previously approved estimated cost of Rs. 8.77 crore, based on a National Committee recommendation under rule 11M(5) that the project is being executed properly.