Tax exemption approval under section 10(23G) conditions Bharti Cellular Delhi's benefit on compliance and audit requirements.
Approval is granted to M/s Bharti Cellular Limited's Delhi cellular mobile telephone service under section 10(23G) read with rule 2E for assessment years 1999-2000 to 2001-2002, subject to conformity with those provisions; the Central Government may withdraw approval if the enterprise ceases to carry on the infrastructure facility, fails to maintain books and obtain an accountant's audit, or fails to furnish the required audit report.

Tax exemption approval under the Income-tax Act for specified infrastructure enterprises subject to accounting, audit and reporting compliance.
Approval is granted to specified enterprises for tax exemption under the Income-tax Act, subject to ongoing conformity with the Act and applicable rules, maintenance of books of account, audited accounts and furnishing of the required audit report; the Central Government may withdraw approval if the enterprise ceases providing an infrastructure facility or fails to comply with accounting, audit or reporting obligations.

Tax exemption notification: charitable institution recognised subject to income application, investment limits, and filing obligations.
Notifies EAN INDIA, New Delhi as eligible under notification under clause (23C)(iv) of section 10 of the Income-tax Act for specified assessment years, subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to modes specified in section 11(5) except voluntary contributions held in forms such as jewellery or furniture; exclude business income unless incidental and maintained in separate books; and regularly file returns of income in accordance with the Act.

Territorial limits amendment clarifies geographic scope of a tax notification by redefining localities and their peripheries.
Amendment substitutes the Schedule entry for Goa in the 1994 Notification, identifying six municipal centres and specifying territorial limits around each centre measured from municipal boundaries to delimit the Notification's geographic scope under the Income-tax Act definition provision.

Industrial park approval sets conditions for tax benefit eligibility, including land allocation, infrastructure and operator obligations.
Notification designates Wise Industrial Park Limited's agro and food processing park as an approved industrial park under clause (iii) of sub section (4) of section 80 IA, subject to conditions: minimum 66% allocable area for industrial use, maximum 10% for commercial use, prescribed excluded NIC activities, infrastructure development minima and defined common facilities, cap that no single unit occupy more than 50% of allocable industrial area, requirement for separate foreign investment approvals, continuous operation by the park operator, and government power to withdraw approval for noncompliance.

Tax-free bonds under income-tax exemption: holders must register holdings to qualify for tax benefit on specified bonds.
Specification designates NCRPB Bonds, 2006 (Series-I) as tax-free under clause (15)(iv)(h) of section 10, describing their denomination, interest entitlement and seven-year tenor, and confines issuance to a defined set of distinctive numbers for a stated aggregate amount. The exemption is conditional: the tax benefit is admissible only if the holder registers his or her name and the holding with the NCRPB.

Tax-free bond exemption under section 10(15)(iv)(h): NCRPB bonds exempt, tax benefit conditional on holder registration.
The Central Government specifies NCRPB tax-free bonds (2005 Series I, IB and IC) issued in specified denominations, with a fixed interest rate for seven years and bearing distinctive serial numbers; income from these bonds is exempt under the relevant income-tax provision provided the bondholder registers their name and holding with the NCRPB.

Tax exemption approval under section 10(23G) granted subject to compliance, audit and reporting conditions for specified enterprises.
Approval is granted to specified enterprises for the purpose of section 10(23G), read with rule 2E, for assessment years 1999-2000 to 2001-2002, subject to conformity with those provisions, maintenance and audit of books as required, furnishing of the audit report, and potential withdrawal of approval where the enterprise ceases to carry on an infrastructure facility or fails the audit or reporting requirements.

Tax exemption under section 10(23G) granted to specified infrastructure undertakings, subject to compliance and audit conditions.
Approval is granted to specified enterprise and industrial undertakings for tax exemption under section 10(23G) read with rule 2E for assessment years 1999-2000 through 2001-2002, subject to conditions that the enterprises comply with the statutory provisions, maintain books of account, obtain and furnish the required audit report, and note that the Central Government may withdraw approval if an undertaking ceases to carry on the infrastructure facility or fails to maintain or produce audited accounts.

Industrial park recognition enables tax-benefit eligibility subject to allocable-area, infrastructure and operational compliance by developer.
Central Government notifies Tidel Park Limited's software technology park as an industrial park for purposes of clause (iii) of sub section (4) of section 80 IA, subject to annexed terms requiring a minimum industrial allocable area, a cap on commercial area, specified infrastructure and investment thresholds, excluded activity categories by NIC reference, limits on single unit occupancy, separate approvals for foreign or NRI investment where necessary, continued operation of the park while benefits are claimed, and government power to withdraw approval for non compliance.

Tax exemption notification confirms charitable status for performing arts centre subject to application of income and investment restrictions.
Notification grants tax-exempt recognition to the National Centre for the Performing Arts, Mumbai for specified assessment years subject to conditions: income must be applied or accumulated solely for the assessee's objects; funds (other than certain voluntary contributions maintained as property) may be invested only in permitted modes; exemption excludes business profits unless incidental and maintained in separate books; and the assessee must regularly file income-tax returns in accordance with the Act.

Tax exemption recognition granted to a charitable trust subject to compliance and regular income tax return filing.
Notification recognizes Goyal Trust, Madurai, as eligible for tax-exempt status under the specified sub-clause of the Income-tax Act for the assessment years indicated, conditional on conformity with that sub-clause and the corresponding rule, and on the trust's obligation to file its return of income regularly before the income-tax authority in accordance with the Income-tax Act.

Charitable exemption notification limits investment and requires exclusive application of income and regular returns for notified religious institution.
Notification designates Shri Rani Satiji Mandir, Calcutta as a notified entity under section 10(23C)(v) for specified assessment years on conditions that its income be applied or accumulated exclusively for its objects; investments be limited to the forms or modes specified for charitable trusts (excluding certain voluntary contributions held as jewellery or furniture); business income be excluded unless incidental and maintained in separate books; and returns of income be regularly filed as required by the Income-tax Act.

Approval under section 36(1)(viii): corporation status for long term finance recognised, subject to compliance conditions.
Approval is granted to M/s Industrial Development Bank of India, Mumbai, as a corporation engaged in providing long term finance for industrial development for the purposes of section 36(1)(viii) of the Income tax Act, 1961 for the specified assessment year, subject to the condition that the company will conform to and comply with the provisions of that income tax provision.

Tax exemption under section 10(23C)(v): notification grants charitable status to foundation subject to application, investment, and business conditions.
Tax exemption under section 10(23C)(v) notifies the India Heritage Research Foundation, New Delhi, for assessment years 2000-2001 to 2002-2003, subject to conditions: (i) income must be applied or accumulated wholly and exclusively to its objects; (ii) funds shall be invested only in forms/modes specified in subsection (5) of section 11 except permitted tangible voluntary contributions; and (iii) exemption does not apply to business income unless incidental to objectives and accounted for in separate books.

Tax exemption notification for charitable society conditions income application, permitted investments, and business account separation.
Notification under clause (23C)(iv) of section 10 recognises the Servants of India Society for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively to its objects; funds must not be invested except in forms permitted by section 11(5) (excluding certain retained voluntary contributions); and business income is excluded unless incidental to the objectives and accounted for in separate books.

Long-term specified securities designation under section 54EB permits reinvestment of net consideration subject to a seven-year retention rule.
Central Board of Direct Taxes designates equity shares issued by M/s ASC Enterprises Limited as long-term specified securities under section 54EB, permitting assessees to reinvest net consideration from transfer of a long-term capital asset into those shares to obtain section 54EB tax treatment; if the shares or related investments are transferred or converted within seven years of allotment, the initial investment becomes chargeable to tax as capital gains under that section.

Long-term specified securities under section 54EA permit reinvestment from net consideration but trigger seven-year capital gains recapture.
Central Board of Direct Taxes designates equity shares issued by M/s ASC Enterprises Limited as long-term specified securities under section 54EA, subject to issuance within prescribed one- and two-year periods and investment being made out of the net consideration from transfer of a long-term capital asset. If the specified shares or investments are transferred or converted within seven years of allotment, the initial investment will be taxable as Capital Gains under the said section.

Specified long-term securities: investment in Shalivahana Power shares qualifies for section 54EA capital gains reinvestment, subject to conditions.
Central Board of Direct Taxes designates certain shares of Shalivahana Power Corporation Limited as long-term specified securities for section 54EA, permitting reinvestment of net consideration from transfer of a long-term capital asset into those shares, subject to an aggregate issuance cap and the condition that investments must arise from net consideration; if allotted shares are converted into money within a three-year holding period, the initial investment will be chargeable to tax as capital gains under the section.

Long-term specified securities designation preserves capital gains exemption when reinvested into designated shares, subject to holding-period recapture.
The Central Board of Direct Taxes designates equity and preference shares to be issued by M/s Reliance Salgaocar Power Company Limited as long-term specified securities under section 54EA, applicable to shares issued within one year and subject to the notification's issuance limits. Investment must be made out of net consideration from transfer of a long-term capital asset. If the allotted specified shares are transferred or converted within three years of allotment, the initial investment becomes chargeable to tax under the head "Capital Gains".