Scientific research approval under income-tax provisions enables tax recognition for an IISc sponsored wind tunnel chimney stability programme.
Approval is granted for a scientific research programme under section 35(2A) of the Income-tax Act, 1961, recognising the "Acredynamic Stability test of two tall Chimneys (wind tunnel experiments)" sponsored by Indian Petrochemical Corporation Ltd. and undertaken at the Indian Institute of Science, Bangalore, with commencement in May 1974 and completion in May 1975. The Institute is noted as having prior approval under the statutory framework for research institutions.

Place of public worship designation: Balram Mandir notified for tax deduction eligibility under income-tax law.
The Central Government, exercising its statutory power under the relevant provision of the Income-tax Act, notifies Balram Mandir, Calcutta, as a place of public worship of renown throughout the State of West Bengal for the purposes of the section dealing with tax concessions for donations, thereby enabling contributions related to the temple to fall within the tax concession framework applicable to recognised places of worship.

Scientific research programme approval under section 35(2A): R&D of new drugs at AIIMS sponsored by multiple entities.
Approval is granted for an R&D programme on new drugs emphasizing clinical pharmacology and therapeutics, sponsored by multiple private entities and to be conducted at the All India Institute of Medical Sciences, New Delhi, for a five year period commencing in late December 1975, with an estimated expenditure identified; the host institution is recognised as an approved research institution for income tax purposes.

Approval under section 10(23) recognises National Chess Trust of India as a tax-exempt sports institution.
Central Government approves the National Chess Trust of India as entitled to tax exemption under section 10(23) of the Income-tax Act, 1961 by notification S.O.958 dated 29-12-1975, thereby recognising the Trust as within the class of sports institutions covered by that exemption provision.

Exemption under section 35(1)(ii) approved for research purposes, granting the trust a limited-term statutory approval.
Exemption under section 35(1)(ii) has been granted to Hastimal Sancheti Memorial Trust, Poona, by the prescribed authority for research purposes only. The notification identifies the institution, records approval for research-only entitlement to tax exemption under the specified clause, and states that the approval is effective for a limited period from the date of issue.

Income-tax corrigendum corrects wording and replaces 1975 with 1963 in earlier notification for administrative clarity.
Corrigendum directs deletion of the word "Amendment" appearing before "Rules" in line 3 of Notification No. F.71-Ad(AT)/74 and substitutes the year "1963" in place of "1975" in that line, as issued by the Income-tax Appellate Tribunal and signed by the Registrar.

Charitable recognition under section 80G: notification designates a temple as a place of public worship enabling donations to qualify.
The Central Government, under sub-section (2)(b) of section 80G of the Income-tax Act, notifies Sri Mangalanathaswamy Temple, Thiru Uthira Kosamangai, Ramanathapuram Taluk and District, as a place of public worship of renown throughout the State of Tamil Nadu, thereby bringing the temple within the statutory framework that governs charitable recognition and the tax treatment of donations.

Delegation of power to extend customs retention periods allows one-year additional extensions subject to prescribed limits.
The Central Government directs that powers of the Central Board under the first proviso to section 61 of the Customs Act to extend retention or clearance periods are exercisable by the Principal Commissioner of Customs or Commissioner of Customs, subject to a maximum extension of one year beyond the baseline retention period-four years for non-consumable stores and two years for the goods referred to in clause (b).

Exemption under section 35(1)(iii) approved for an institution; separate accounts and annual statement required to prescribed authority.
The Indian Council of Social Welfare, Bombay is approved for exemption under section 35(1)(iii); it must maintain a separate account for grants and donations received under this provision and render an annual statement of accounts of these activities to the prescribed authority.

Amendment adds general insurance corporations and subsidiaries to the recognised insurers list under securities rule 19.
Amendment inserts General Insurance Corporation of India and its subsidiaries-the National Insurance Company Limited, The New India Assurance Company Limited, The Oriental Fire & General Insurance Company Limited and The United India Fire & General Insurance Company Limited-into the Explanation to clause (b) of sub rule (2) of rule 19 of the Securities Contracts (Regulation) Rules, 1957, thereby expanding the list of insurance entities recognised alongside the Life Insurance Corporation of India.

Recognition under section 80G: temple designated as a public worship place, enabling tax-deduction eligibility for donations.
The Central Government, exercising the power under sub-section (2)(b) of the Income-tax Act, notifies Sri Lakshminarasimhaswamy Temple, Ponvilainthakalathur, as a place of public worship of renown throughout the State of Tamil Nadu for purposes of section 80G, thereby recognising the temple's status for tax treatment relating to charitable donations.

Research exemption under income tax confirms institutional approval for tax relief for approved medical research activities.
The B. M. Institute of Mental Health, Ahmedabad has been approved by the Indian Council of Medical Research as the prescribed authority's recognition under section 35(1)(ii) for research purposes, formalised by Notification No. S.O.5349 and establishing the institute's entitlement to the statutory research exemption.

Research exemption under section 35(1)(ii) confirms Salgaocar Medical Research Centre's approval for research-only tax benefits effective April.
Salgaocar Medical Research Centre, Goa, has been approved by the Indian Council of Medical Research as the prescribed authority under clause (ii) of sub section (1) of the Income tax Act for research purposes only, and the notification fixes the date from which this approval operates, establishing the centre's eligibility for the related tax exemption.

Security under Public Debt Rules designated as the required security for voluntary disclosure of income and wealth ordinance.
Central Government notifies that the security prescribed under clause (b) of rule 4 of the Public Debt Rules, 1946, as specified in Ministry of Finance Notification No. G.S.R.534(E) dated the twentieth of October, 1975, shall be the security for the purposes of sub section (3) of section 3 of the Voluntary Disclosure of Income and Wealth Ordinance.

Specified bonds under the income tax provision recognised for tax purposes when issued by Industrial Reconstruction Corporation within the qualifying period.
Bonds of a stated series and interest rate issued by the Industrial Reconstruction Corporation of India Ltd. within a defined issuance window are designated as qualifying instruments for the income tax deduction provision, such that instruments meeting the specified issuer, series, interest characteristic, and issuance-date criteria fall within the scope of the statute.

Exemption under section 35(1)(ii): approval granted to Kamla Nehru Memorial Trust for research expenditure treatment.
Approval by the prescribed authority under clause (ii) of sub-section (1) of section 35 of the Income-tax Act was granted to Kamla Nehru Memorial Trust, Sulthanpur, U.P., communicated by notification S.O.5348, with a specified operative period during which the institution is treated as approved for the purposes of the section.

Exemption under section 35(1)(iii): institutional approval permits tax treatment subject to separate accounts and annual expenditure reporting.
Approval is granted to the Indian Society of Agricultural Economics, Bombay for the purposes of the exemption under section 35(1)(iii) of the Income-tax Act, 1961, with the Indian Council of Social Science Research as the prescribed authority; the institution must maintain a separate account of funds received and furnish annual details of expenditure to that authority.

Specified games under section 10(23): Body Building, Softball and Carrom designated by Central Government notification.
A Central Government notification, issued under the empowering provision of section 10(23) of the Income tax Act, expressly specifies Body Building, Softball and Carrom as games falling within the scope of that statutory category for income tax purposes.

Income tax certificate proceedings updated to require certified copy endorsements and extend recovery treatment to included property.
A new procedural rule requires a Tax Recovery Officer sending a certified copy to another to endorse that copy with a prescribed certificate specifying the portion recoverable, retain the certificate, and notify the originating Income tax Officer. Existing rules and numerous I.T.C.P. forms are amended to treat certified copies like original certificates, to provide standardised paragraphs about certified-copy transmission under the recovery provision, to address property included in the defaulter's assets by virtue of the Explanation to sub section (1) of section 222, and to permit reserve-price and interest and amount specifications in sale and enforcement documents.

Mountaineering specified as exempt game under income tax provision, creating tax recognition for the sport.
The Central Government, exercising powers under section 10(23) of the Income-tax Act, by Notification G.S.R.99 dated 30-9-1975 specifies Mountaineering as a game for the purposes of that provision, thereby bringing mountaineering within the statutory exemption framework.