Exemption under section 35AC: Non-formal education project extended as eligible for two years following committee recommendation. The Central Government, under Section 35AC, re-specifies the Non-formal education project for Scheduled Caste, Scheduled Tribe, minority and economically weaker sections as an eligible project for income-tax exemption for a further two years commencing from financial year 2006-07, without any change in the previously approved project cost, following the National Committee's recommendation that the scheme is being executed properly.