Tax exemption eligibility extended for integrated water and natural resources management project; specified for a further three-year period. The Central Government specifies that the integrated project on Water and Natural Resources Management by Programme Support Unit Foundation, aimed at improving livelihoods of rural poor and forest fringe dwellers in Uttar Pradesh and West Bengal, continues to qualify as an eligible project under the Explanation to section 35AC for a further three-year period commencing 2007-08, without any change in the approved project cost including the corpus fund, following a committee recommendation confirming proper execution.