Eligibility under section 35AC extended for School Adoption and Balwadi Project, maintaining approved project cost and tax concession. The Central Government specifies that the School Adoption Scheme and Balwadi Project executed by The Bombay Community Public Trust in Mumbai is an eligible project or scheme under the Explanation to the Income-tax Act for a further three-year period commencing with the financial year 2006-07, without any change in the approved project cost of Rs. 300.00 lakhs, following the National Committee's recommendation under the applicable Income-tax Rules.