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<h1>Exemption under section 35AC extended for foundling cum adoption centre; project eligibility continued and cost ceiling increased.</h1> The Central Government specifies the Karna Prayag Trust's foundling cum adoption centre at Raja Krishna Rao Road, Teynampet, Chennai as an eligible project under Section 35AC for a further three years beginning 2007 08, and amends the original notification to raise the maximum allowable project cost for deduction to Rs. 120.00 lakhs including a corpus fund of Rs. 40.00 lakhs.