Section 35AC exemption extended to corpus fund for charitable trust, preserving eligibility for tax-favoured donations. Central Government has notified the 'Corpus fund for Siva Sakhti Sathya Sai Charitable Trust' as an eligible project under Section 35AC of the Income-tax Act, extending eligibility for a further three years beginning with the specified financial year, without any change in the approved project cost of Rs. 800.00 lakh, pursuant to the recommendation of the National Committee for the Promotion of Social and Economic Welfare and the powers under sub-section (1) read with clause (b) of the Explanation to Section 35AC.