Exemption under section 35AC extended to Childline India Foundation, renewing its eligibility following the committee's recommendation. The Central Government specifies the Childline India Foundation scheme as an eligible project for the tax exemption provision for a further period of three years beginning with financial year 2007-08, without any change in the approved project cost, pursuant to a recommendation by the National Committee under the relevant procedural rule after satisfaction that the scheme is being executed properly.