Exemption under section 35AC extended for charitable ambulance and welfare project and project cost ceiling amended. Notification extends the qualifying charitable project for purchase of ambulances, medical instruments and welfare activities by Shree Baldevdas Charitable Trust for three more years beginning with financial year 2007 2008 and amends the previously notified maximum project cost ceiling upward while specifying an accompanying corpus fund, following a recommendation of the National Committee for the Promotion of Social and Economic Welfare and exercising powers under the Income-tax Act.