Exemption under section 35AC: eligibility for the specified charitable construction scheme extended without change in approved cost. The Central Government has specified that the Trust's scheme for construction of a Vridhashram and related purchases is an eligible project under the Income-tax Act, extending the period of eligibility for a further three financial years commencing from the stated financial year, without any change in the approved cost, pursuant to a recommendation by the National Committee for Promotion of Social and Economic Welfare under the Income-tax Rules.