Section 35AC eligible projects extension for Indian Red Cross Society permitted for a further three year period from 2012 13. Notification under Section 35AC extends eligibility for tax incentive treatment to the Indian Red Cross Society's package of projects-upgrading blood banks, constructing an AYUSH hospital with research centre, establishing medicine banks in 23 districts, building cottages for senior citizens, and constructing an administrative block-for a further three year period commencing with the financial year 2012 13, with no change in the previously approved project cost, following recommendation by the National Committee for Promotion of Social and Economic Welfare.