Tax exemption under section 10(23C)(v) requires restricted investments and exclusive application of income for specified assessment years.
Notification under section 10(23C)(v) notifies Bochasanwasi Shri Akshar Purushottam Sanstha, Ahmedabad for specified assessment years, subject to conditions that income be applied or accumulated wholly and exclusively to its objects; investments or deposits (except certain retained voluntary contributions) be only in forms specified by section 11(5); and that profits and gains of business are excluded unless the business is incidental and maintained in separate books.

Tax exemption under charitable-exemption provision granted subject to exclusive application of income and prescribed investment conditions for specified years.
Notification grants tax-exempt status to The Church of South India Trust Association, Madras for specified assessment years subject to conditions: income must be applied or accumulated exclusively for the trust's objects; investments or deposits of funds are allowed only in prescribed forms except for certain tangible voluntary contributions; and profits and gains of business are excluded from the notification unless the business is incidental to the objectives and separate books of account are maintained.

Tax treaty succession: Russia succeeds to USSR bilateral tax and shipping agreements, with India recognizing continuity and directing implementation.
Central Government directs domestic implementation of specified bilateral instruments by recognizing the Russian Federation as successor to the USSR, construing references to "USSR" or equivalent terms in those instruments as references to the "Russian Federation," and giving effect to all provisions of the listed Merchant Shipping agreement and the Agreement for the Avoidance of Double Taxation within India.

Tax exemption for air transport income: reciprocal relief for international air carriers and related employee remuneration.
Income and profits of an air transport enterprise of one Contracting State from operation of air transport in international traffic are exempt from tax in the other Contracting State; this exemption covers participation in pools or joint operations and includes rentals or leases of aircraft and ground equipment, training, management services and interest directly connected with aircraft operations. Salaries and allied remuneration of employees who belong to an air transport enterprise of one State and are citizens of the other State are also exempt from all taxes and specified social payments. The Agreement prescribes definitions, notification of tax law changes, a mutual agreement procedure for interpretive difficulties, entry into force following diplomatic exchange, and termination by advance notice.

Exemption under section 35AC: specified corporate projects qualify for tax relief for rural school and drinking-water schemes.
Exemption under section 35AC designates Jindal Aluminium Ltd.'s projects as eligible: construction of rooms/buildings for village schools in 21 villages (estimated cost fifty lakhs) and borewells/tubewells for drinking water in 28 villages (estimated cost twenty-four lakhs). The notification names the company, specifies the projects and estimated costs, enumerates beneficiary villages in an annexure, and limits the exemptions to the assessment years expressly stated, with later amendments adjusting the assessment-year applicability.

Exemption under section 35AC: specified institutions' projects approved as eligible for tax exemption for limited assessment years.
The Central Government, under the statutory exemption provision of the Income-tax Act, approves specified charitable and development institutions and specifies particular projects and schemes carried out by them as eligible projects for tax exemption, identifying project types and estimated costs. The notification lists eight institutions with approved projects such as hostels, schools, medical and rehabilitation centres, and training or rural development initiatives, and limits the approval to a defined set of assessment years commencing from assessment year 1993-94, noting ensuing amendments to the notification.

Notification under section 80-G(2)(b): temple designated as place of public worship enabling donor tax treatment.
Notification designates Ananthapuram Sree Krishna Swamy Temple as a place of public worship for purposes of section 80-G(2)(b) of the Income-tax Act, 1961, notifying it as of renown throughout the State of Kerala and bringing it within the statutory category enabling donors to claim the tax treatment envisaged by that section.

Specification of taxable secured redeemable bonds under tax law - transfer benefit conditioned on transferee notice within prescribed period.
The Central Government specifies a class of taxable seven year secured redeemable bonds (First Series) issued by a public financial institution as eligible for the tax benefit under the Income tax Act; the tax concession applies to income from those specified bonds. Availability of the benefit on transfer is conditional on the transferee informing the issuing corporation by registered post within sixty days of the transfer. The specification is effective for the assessment year 1992 93 and subsequent assessment years.

Reduced tax rate for mineral oil business of Indian companies with government participation and special mixed-income treatment
Where the Central Government has an agreement for participation in an Indian company's mineral-oil business, profits solely from prospecting, extraction or production of mineral oils are taxed under a reduced single-rate regime with no Union surcharge; where total income includes both mineral-oil profits and other income, mineral-oil profits are taxed under the reduced regime and the remaining income is taxed under the normal provisions with applicable surcharge.

Tax exemption under section 10(23C)(v) for a charitable trust, granted subject to application, investment and business conditions.
Central Government notifies Shri Venkatachalapathi Annachatram Trust, Kabistalam, Thanjavur District under section 10(23C)(v) for specified assessment years, subject to conditions: (i) income must be applied or accumulated wholly and exclusively for the trust's objects; (ii) investments and deposits (other than certain in kind voluntary contributions) must be in the forms or modes permitted for application of property for charitable purposes; and (iii) exemption excludes business profits unless incidental and maintained in separate books.

Tax exemption for charitable trust granted subject to exclusive application of income, permitted investments, and business accounting conditions.
Notification designates Shri Sachiyaymataji Trust as recognised under section 10(23C)(v) for assessment years 1989-90 to 1991-92, conditional on applying or accumulating income wholly and exclusively to its objects, investing or depositing funds only in legally permitted modes (excluding certain voluntary contributions held in kind), and excluding business profits unless the business is incidental and kept in separate books of account.

Section 10(23C)(v) exemption granted to Kerala Jesuit Society subject to income application and investment and business conditions.
Notification under section 10(23C)(v) notifies Kerala Jesuit Society for assessment years 1990-91 to 1992-93 subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments or deposits to permitted forms (other than voluntary contributions retained in jewellery, furniture, etc.); and exclude business profits unless incidental to objectives with separate books of account.

Specification of vigilance officers: officers of and above Superintendent of Police designated for statutory income tax purposes in Haryana.
Central Government designates all officers of and above the rank of Superintendent of Police serving in the State Vigilance Bureau, Haryana, as the specified class of officers for the purposes of the relevant sub clause of the Income tax Act by formal notification.

Tax exemption under section 10(23C)(v) notifies charitable status subject to application, investment, and business accounting conditions.
Notification under section 10(23C)(v) designates Sri Manmaharaja Niranjana Jagadguru Sri Mallikarjuna Murugharajendra Mahaswaminam Sri Bruhanmatha for the purpose of that sub-clause for assessment years 1989-90 to 1991-92, subject to conditions: income must be applied or accumulated wholly and exclusively to the institution's objects; investments and deposits are restricted to permitted modes except voluntary contributions held as jewellery or furniture; and business income is excluded unless incidental and maintained in separate books.

Notification under section 10(23C)(iv) confirms charitable status for Hamdard Dawakhana for specified assessment years for tax purposes.
The Central Government, invoking the powers under sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, notifies Hamdard Dawakhana, New Delhi as covered by that sub-clause for the assessment years 1988-89 and 1989-90, thereby recognising the institution for the statutory purpose of that provision.

Exemption under section 35AC approved for a total literacy project, conditional on equal benefit for nomadic tribals.
Approval under section 35AC is granted to Rural Litigation and Entitlement Kendras (RLEK), Dehra Dun for a Total Literacy project targeting nomadic Gujjars in Western Uttar Pradesh; the notification specifies the institution, the eligible scheme, an estimated project cost, and makes the approval subject to a three year temporal limitation and the condition that benefits be equally available to all nomadic tribal communities of Western Uttar Pradesh.

Tax notification under section 10(23C)(v) grants exemption to a trust subject to application, investment and business conditions.
Notification under section 10(23C)(v) notifies Arpana Trust, Madhuban, Karnal, Haryana, as eligible for the sub-clause for assessment years 1991-92 to 1993-94, subject to conditions that income be applied or accumulated wholly and exclusively to the trust's objects, that funds be invested only in forms specified in section 11(5) (except certain retained voluntary contributions), and that business income is excluded unless incidental to objectives with separate books maintained.

Specified bonds under section 80L require transferee notification to issuer within prescribed period to claim tax benefit.
Central Government specifies a fixed-term secured, redeemable, non-convertible bond issue of the National Thermal Power Corporation Limited as eligible for deduction under the relevant statutory provision; the tax benefit on transferred bonds is admissible only if the transferee notifies the issuer by registered post within sixty days of transfer, and the specification is effective for the assessment year commencing 1 April 1992 and subsequent years.

Specified tax benefit for secured non-convertible bonds requires transferee to notify issuer within prescribed period.
The Central Government specifies the 7 year 17% Secured Redeemable Non Convertible Bonds VII issued by the National Thermal Power Corporation Limited as qualifying under section 80L(1)(ii). The benefit on transfer by endorsement or delivery is admissible only if the transferee informs the Corporation by registered post within sixty days of transfer. The specification is effective for the assessment year commencing 1 April 1992 and subsequent years.

Tax-free bond specification: exemption granted for specified secured redeemable non-convertible bonds subject to holder registration.
Specification under section 10(15)(iv)(h) designates the 10 year 9 per cent tax free secured redeemable non convertible bonds issued by the National Thermal Power Corporation Limited as eligible for the tax exemption, subject to the condition that the holder registers his name and holding with the corporation; the specification takes effect for the assessment year commencing 1 April 1992 and subsequent years.