Section 35AC eligible project extension: Educational Development Project by Shri Ugam Education Trust approved for a further multi-year period. The Central Government notifies extension of the eligible project or scheme 'Educational Development Project & corpus fund' by Shri Ugam Education Trust for a further three-year period beginning with the 2012-13 financial year, following the National Committee's recommendation under the Income-tax Rules; the notification preserves the previously approved project cost and corpus fund and maintains the project's qualifying status for deductions under section 35AC.