Section 35AC eligible project extension and increased allowable project cost specified for a rural development scheme.
Specification under section 35AC designates the Keonjhar rural development project by Tata Sponge Iron Limited as an eligible project for a further three years from assessment year 2002-2003 following National Committee recommendation, and amends the prior notification by increasing the maximum permissible project cost for eligibility under the Explanation to section 35AC.

Section 35AC project eligibility extended for Maharaja Agrasen Hospital construction, permitting continued tax-deduction benefits for donors.
The Central Government specifies construction of Maharaja Agrasen Hospital at Agroha by Maharaja Agrasen Medical Education & Scientific Research Society as an eligible project under the Explanation to section 35AC for tax-deduction purposes, following prior notifications and a National Committee recommendation; the specification extends the eligible period for a further three years commencing with assessment year 2002-2003 and records the estimated project cost and administrative references.

Tax deduction eligibility under section 35AC: approved institutions and specified projects qualify for deductions within the notified period.
The Central Government, on National Committee recommendation, approves specified institutions and lists eligible projects for which donors may claim deductions under section 35AC, specifying a maximum deductible portion for each project and limiting the approval to the notification's stated multi year period; corrections to institutional names and entries are recorded but do not expand the scope beyond the listed projects and ceilings.

Exemption under section 35AC: government specifies extension for a charitable rural leprosy and TB treatment project.
The Central Government, under the Explanation to section 35AC, specifies the construction, establishment and running of a 30 bed Swami Vivekananda Integrated Rural Centre for elimination of leprosy and tuberculosis by Sri Ramakrishna Sevaashram at Pavaguda Taluk, Tumkur, Karnataka, as an eligible project for a further three year period commencing from the assessment year 2002 2003, following a National Committee recommendation under sub rule (5) of rule 11M confirming proper execution.

Exemption under section 35AC extended for the Eye Hope project, prolonging its eligible status after National Committee recommendation.
The Central Government has specified the "Eye Hope" project by Eye Bank Coordination and Research Centre, Mumbai, as an eligible project under the Income-tax Act for a further period of three years commencing from assessment year 2002-2003, following a National Committee recommendation that the project was being executed properly; the notification records the project's estimated cost and a corpus fund and identifies the implementing institution and location.

Tax exemption under Section 35AC extended for an eligible educational project after National Committee recommendation.
Central Government specifies extension of the Section 35AC exemption for the construction, furnishing and running of Bal Ganga Mahavidyalaya by Bal Ganga Shiksha Prasar Samiti, Kemara, at Sandul, Tehri Garhwal as an eligible project for a further three-year period commencing from the assessment year 2001-2002, following a recommendation by the National Committee and noting the estimated project cost.

Section 35AC eligible project designation extended for medical equipment, ambulance and OPD expansion, continuing exemption eligibility.
Central Government specified the project of AMRS for purchase of medical equipment, medical vans/ambulance and OPD expansion as an eligible project or scheme under section 35AC, and, on the National Committee's recommendation that the project is being executed properly, extended that designation for a further three-year period commencing from the assessment year 2002-2003, noting estimated project cost and corpus fund.

Section 35AC exemption: charitable health and sanitation projects were specified for an additional eligibility period.
The Central Government specifies that the charitable activities carried out by Shivanand Mission-free eye camps in Saurashtra and Gujarat; mobile health services and health education around Virnagar; a ladies' hostel at Virnagar; and construction of one hundred low cost latrines in fifteen villages of Jasdan Taluka-are an eligible project or scheme for tax exemption, and, on the National Committee's recommendation and satisfaction with execution, approves a further period of specification commencing from the stated assessment year.

Exemption under section 35AC extended for specified eye hospital project, allowing qualifying donations for construction and equipment.
Central Government specifies extension of eligibility for Lions Comprehensive Eye Care Foundation's eye hospital project-covering construction for hospital expansion, purchase of equipment and vehicle, furnishing and running the hospital-as an eligible project or scheme under the Income-tax Act for a further period of three years commencing from the assessment year 2002-2003, following the National Committee's recommendation and noting the estimated project cost.

Exemption under section 35AC extended to a charitable health scheme, authorising eligibility for a further three year period.
The Central Government designates the charitable health scheme-comprising a fifty bed hospital, general dispensary, child and mother care centre, tuberculosis clinic and medical camps addressing pneumatic heart diseases-carried out by the trust, at the stated estimated project cost, as an eligible project or scheme for a further three year period commencing from the stated assessment year, following the National Committee's recommendation and prior notifications and extensions.

Exemption under section 35AC extends eligibility for a specified school, hostel and training project for an additional period.
Central Government specifies the construction of a school building, hostel for mothers of handicapped children, and a training programme at Saraswathipuram, Mysore, executed by Parents Association of Deaf Children (Regd.), as an eligible project under the Explanation to section 35AC of the Income-tax Act, on the National Committee's recommendation and for a further three year period commencing from the stated assessment year, at an identified estimated cost.

Deduction under section 35AC: approved institutions' projects qualify for specified tax deductions across defined assessment years.
Approval under section 35AC is granted to specified institutions, identifying each approved institution, the eligible project or scheme, the estimated project cost and the maximum portion of that cost allowable as a deduction. The notification lists three institutions with corresponding projects and states the maximum deductible amounts, and it prescribes the temporal scope of approval for one- and multi-year assessment-periods as expressly set out.

Jurisdiction of Income tax directors clarified: specified directors granted territorial and India wide powers with delegation authority.
The notification prescribes which Directors of Income-tax (Inv.) shall exercise statutory powers and perform functions, directing certain Directors to exercise search and seizure powers India wide where specified and to exercise other powers within the territorial areas listed in the Schedule; it authorises those Directors to issue written orders delegating functions to subordinate Income tax authorities, supersedes prior orders insofar as Director jurisdiction is concerned, and takes effect on publication in the Official Gazette.

Specification of foreign currency convertible bonds scheme under income-tax provision makes the 1993 scheme applicable to subsequent assessment years.
Central Government designates the Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993 as a scheme for tax purposes under the relevant income-tax provision, and makes this specification operative for the referenced assessment year and subsequent assessment years, with a formal notification reference for administrative record.

Exemption under section 35AC extended for Smt. Lakshmi Shah Rural Medical and Research Centre; eligibility renewed for further period.
Central Government specifies the construction, equipment, furnishing and running of Smt. Lakshmi Shah Rural Medical and Research Centre by Smt. Lakshmi and Shri Janki Lal Shah Foundation as an eligible project for tax exemption under the Explanation to section 35AC, following a National Committee recommendation, and extends the project's period of eligibility for a further three years commencing with the assessment year 2002 2003.

Exemption under section 35AC: extension of eligible educational project designation enabling continued donor tax relief.
The Central Government, acting under the Explanation to the Income-tax Act and on the National Committee's recommendation under rule 11M, specified the Deepalaya School scheme supporting poor children in New Delhi as an eligible project or scheme under section 35AC for a further three-year period commencing the stated assessment year, identifying the executing body and the estimated corpus fund, thereby enabling continued tax-exempt treatment for donor contributions subject to statutory conditions.

Exemption under section 35AC: research and rehabilitation project for the deaf specified eligible for an additional three-year period.
Central Government specified the research and rehabilitation centre for the deaf, carried out by the Delhi Association of the Deaf, as an eligible project for tax exemption under the Explanation to section 35AC, and, following the National Committee's recommendation that the scheme was being properly executed, specified the project at an estimated cost of rupees one crore for a further period of three years commencing from the assessment year 2002-2003.

Exemption under section 35AC: Venu Eye Institute's project specified as eligible for further three-year period after committee recommendation.
The Central Government specified the project of Venu Eye Institute and Research Centre, carried out by Venu Charitable Society, as an eligible project under the exemption scheme for a further three-year period commencing with the assessment year 2002-2003, acting under the statutory power on the National Committee's recommendation that the project was being executed properly and noting the project's estimated cost.

Exemption under section 35AC extended for a specified child adoption centre project, maintaining eligible status and funding conditions.
The Central Government specified the fondling cum adoption centre run by Karna Prayag Trust at Raja Krishna Rao Road, Teynampet, Chennai, as an eligible project under the Explanation to section 35AC, extending its specified status for three years from the assessment year 2002 2003 after the National Committee recommended continued specification; the notification records the project's estimated cost and a corpus fund requirement as part of the specified scheme.

Exemption under section 35AC: specified projects approved for capped deductions with limited assessment-year validity periods.
Specification under section 35AC designating listed institutions' projects as eligible for deduction, with each entry stating the project description, estimated cost and the maximum amount of that cost allowable as a deduction. The notification also prescribes the assessment-year periods during which the specified deduction is available for particular projects and records later substitutions altering certain stated cost figures.