Specification under Section 35AC extends eligibility for a blood component equipment project after National Committee recommendation.
Specification under the Explanation to Section 35AC designates the purchase of blood-component equipment and accessories at Chennai by Madras Egmore Lions Blood Bank Research Foundation as an eligible project; the National Committee, satisfied with execution, recommended an extension under the Income-tax Rules, and the Central Government, exercising powers under the Explanation to Section 35AC, notifies the project as eligible for a further fixed period commencing with a stated assessment year with an estimated project cost recorded.

Eligible project specification extended for kidney hospital project, permitting continued tax incentive eligibility under Income tax Act provision.
The Central Government has specified and extended as an eligible project under the Explanation to the Income tax Act provision the construction of a kidney hospital, purchase of equipment and running expenses (corpus fund) at Anand Marg, Jamnagar by Shree Anandabava Netra Chikitshalaya, on the National Committee's recommendation, for a further three year period commencing with the assessment year 2003 2004 and noting the estimated cost including the corpus fund.

Explanation to section 35AC: Extension of tax-eligibility for a specified charitable medical centre project following regulatory recommendation.
The Central Government, pursuant to the Explanation to section 35AC of the Income-tax Act and on the National Committee's recommendation under the Income-tax Rules, has specified the Construction and operation of the Vijayaraj Nagar medical centre by Om Shree Ram Mantra Mandir Trust as an eligible project. The specification extends the project's eligibility for tax-benefit purposes for a further three-year period and includes construction, purchase of instruments and furniture, and running of the centre, with project cost components noted to include a corpus fund.

Section 35AC project eligibility extended for Integrated Rural Development Project, permitting continued tax-advantaged contributions for a further period.
The Central Government specifies the Integrated Rural Development Project by Jankidevi Bajaj Gram Vikash Sanstha as an eligible project under the Explanation to section 35AC of the Income-tax Act, 1961, on the National Committee's recommendation under rule 11M(5) of the Income-tax Rules, 1962, and re-specifies the scheme for a further period commencing with the assessment year 2002-2003 at the stated estimated project cost.

Specification of eligible project under section 35AC extends eligibility for blind rehabilitation and education scheme for further term.
The Central Government specifies the Rehabilitation and Education of the Blind project carried out by the National Association for the Blind (Gujarat State Branch) as an eligible project under the Explanation to the Income tax Act provision for a further three years commencing with the assessment year 2003 2004, following the National Committee's recommendation that the project is being executed properly and noting the estimated project cost.

Deduction eligibility under section 35AC amended to increase the specified project cost limit for a health scheme.
The Central Government specifies the Health for all project by Shree Bidada Sarvodaya Trust at Bidada, Kutch-including a 50 bed hospital, dispensary, child and mother care centre, T.B. clinic and related medical camps-as an eligible project under the Explanation to section 35AC, and, following the National Committee's recommendation, amends the prior notification to raise the maximum project cost permitted for deduction, thereby increasing the ceiling for allowable deduction under that Explanation.

Eligibility under section 35AC: expansion of Tata Sponge Iron's community development scheme to include school construction and health initiatives.
The Central Government, under the Explanation to section 35AC, specifies additional community development activities by Tata Sponge Iron Limited in Keonjhar-construction of school buildings, purchase of library books and medicines, training on family planning, health and hygiene, and encouragement of sports-as an eligible project and amends the prior notification to substitute the relevant table entry to reflect the modified project scope and cost.

Tax-benefit eligibility extended for a specified charitable project after committee recommendation, sustaining its approved period.
The Central Government specifies that a charitable scheme in Theni District involving construction and operation of a computer training centre, CBR centre and auditorium, a home for orphans, rural development programmes, and health and family welfare activities is an eligible project for tax-benefit purposes; the National Committee recommended, and the Government approved, an extension of the original one-year specification for a further one-year period commencing with the next assessment year, at the stated estimated cost and subject to governing conditions.

Tax exemption eligibility extended for Melmaruvathur hospital project, permitting continued tax benefit applicability after National Committee review.
The Central Government has specified the project of construction, furnishing and equipping a hospital and research institute at Melmaruvathur, carried out by Adhiparasakthi Charitable Medical, Educational and Cultural Trust, as an eligible project under the Explanation to section 35AC for a further period of three years, following the National Committee's recommendation that the project is being executed properly.

Tax exemption under section 10(23C)(iv) grants conditional recognition to a notified energy agency for specified assessment years.
Notification designates the Maharashtra Energy Development Agency, Mumbai under clause (23C)(iv) of section 10 of the Income-tax Act for specified assessment years, subject to conditions: income must be applied or accumulated wholly and exclusively to the institution's objects; investments restricted to permitted forms; business income excluded unless incidental and maintained in separate books; regular tax return filing required; and on dissolution surplus assets to be transferred to a similar charitable organization.

Income-tax exemption notification: Maharashtra State Women's Council recognised under clause 23C(iv) subject to compliance conditions on income use.
The Central Government notifies clause (23C)(iv) of section 10 recognition for Maharashtra State Women's Council, Mumbai, subject to conditions that income be applied or accumulated exclusively for its objects; investments and deposits be limited to modes specified in section 11(5) (except specified voluntary contributions); business income be excluded unless incidental and maintained in separate books; regular filing of income-tax returns; and on dissolution surplus assets transfer to a charitable organization with similar objectives.

Tax exemption recognition for Diocese subject to exclusive application of income, restricted investments, filing and dissolution conditions.
Notification under the clause (23C)(iv) of section 10 recognizes the Diocese of Aurangabad as eligible for income-tax exemption for specified assessment years, subject to conditions requiring exclusive application or lawful accumulation of income, permitted forms of investment, exclusion of non-incidental business income unless separately accounted, regular filing of income-tax returns, and transfer of surplus assets on dissolution to a similarly purposed charitable organization.

Research exemption approval under section 35 requires separate research accounts and annual audited submissions to authorities.
Approval under section 35(1)(ii) is conditional on maintaining separate books for research, furnishing an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by the prescribed deadline, and submitting audited annual accounts and audited Income & Expenditure Account for the research activities to the Director General of Income-tax (Exemptions), the Secretary, Department of Scientific & Industrial Research, and the Commissioner/Director of Income-tax (Exemptions), in addition to the institute's income-tax return; renewal applications must be made in triplicate through the tax exemptions authority and sent to the Secretary, DSIR.

Tax exemption for specified NABARD bonds under section 10(15)(iv) requires holder registration to claim the benefit
The Central Government specifies under section 10(15)(iv) certain NABARD tax-free bonds issued in 2002-2003 in denominations of ten thousand rupees with a stated annual interest and prescribed fixed term; the notification identifies the aggregate issue and distinctive number range. The tax exemption is conditional on the holder registering his name and the holding with the issuing bank, and registration is an express prerequisite for entitlement to the specified tax benefit.

Multiplex deduction eligibility: prescribed area, facilities and audit requirements for claiming the tax benefit.
Prescribes eligibility and documentary conditions for claiming a tax deduction for new multiplex theatres: Rule 18DB requires minimum built-up area, number of screens and shops, seating capacity, shop sizes, lobby area, central air-conditioning, computerised ticketing, specified projection and sound systems, parking and compliance with local building and safety regulations. Requires a separate audited report in Form 10CCBA for each eligible multiplex, with specified approvals attached in the first year and operating licences for the subsequent four years.

Tax exemption for Railway Sports Promotion Board conditioned on exclusive application of income and compliance with investment and accounting rules.
Notification recognizes the Railway Sports Promotion Board as eligible under clause (23) of section 10, provided it applies or accumulates income exclusively for its objects per Section 11 as modified; restricts investments to forms under Section 11(5); prohibits distribution of income to members except grants to affiliated bodies; and excludes business profits unless incidental to objectives with separate books maintained.

Charitable tax exemption under clause 23C(iv) granted to museum, subject to exclusive income use and compliance conditions.
Notification designates K.D. Malviya National Oil Museum as eligible for the charitable exemption provision for specified assessment years subject to conditions requiring exclusive application or accumulation of income for its objects; investment or deposit of funds only in permitted forms; exclusion of business income unless incidental and separately accounted; regular filing of income-tax returns; and transfer of surplus and assets on dissolution to a like-minded charitable organization.

Tax exemption under Section 10(23C)(iv): notification grants conditional charitable status subject to investment, business and dissolution rules
Notification designates The Society for Afro-Asian Association of Petroleum Geochemicals, New Delhi as entitled to tax exemption under clause (23C)(iv) of section 10 subject to conditions: apply income wholly to objects; restrict investments to permitted modes (except certain voluntary contributions); exclude business profits unless incidental with separate books; regular filing of returns; and on dissolution transfer surplus assets to a similar charitable organization.

Name correction for charitable institution under income tax notification - notified institution name amended, remainder of notification unchanged.
An amendment under sub clause (iv) of clause (23C) of section 10 replaces the institution name in the earlier notification: the name shall be read as "Krishnamurti Foundation India, Chennai" instead of "Kriahnamurthy Foundation, Chennai." All other contents of the original notification remain unchanged.

Tax exemption recognition under section 10(23C)(iv) subject to income application, permitted investments, incidental business, filings, and dissolution transfers.
Notification recognises Petrotech under clause (23C)(iv) of section 10 for specified assessment years on conditions requiring exclusive application of income to its objects, investment of funds only in permissible modes (with an exception for certain voluntary contributions retained as movable assets), exclusion of business income unless incidental and separately accounted, regular filing of income-tax returns, and transfer of surplus and assets to a similarly purposed charitable organisation on dissolution.