Exemption under section 35AC extended for CRY development project and maximum allowable project cost increased. Central Government specified the CRY Supported Development project by CRY as an eligible project under section 35AC and extended its eligibility for a further three-year period commencing with financial year 2006-07; the National Committee recommended the extension after finding proper execution, and the government amended the notification to substitute the prior maximum project cost with a revised higher project cost for deduction purposes.