Approval under section 35CCB: conservation programmes approved with three-year validity subject to accounting and reporting conditions
Approval under section 35CCB is granted to Green Ray Foundation for conservation programmes including afforestation of 3.5 hectares, wasteland recovery with locally suitable species, natural resource management demonstrations, and formation of an earthen dam/lake with windmill establishment. The institutional and programme approvals run for three years from April 1, 1997 to March 31, 2000, subject to conditions requiring a separate donations account, annual progress reports and accounts submitted to the prescribed authority by June 30, and potential retrospective withdrawal if the authority is not satisfied.

Approval under section 35CCB enables tax-related recognition for conservation donations, subject to reporting and audit obligations.
Approval granted to M/s. Vanarai for a conservation programme is valid from April 1, 1997 to March 31, 1998 and is conditional on maintaining a separate account for donations, furnishing a progress report for 1997-98 by March 31, 1998, submitting annual audit/accounts showing total income and liabilities with copies to the tax commissioner, complying with specified ministry correspondence, and remaining subject to continued satisfaction of the prescribed authority which may withdraw approval retrospectively.

Approval as Housing Finance Company under section 36(1)(viii) granted subject to compliance for specified assessment years.
Approval is granted to D. C. M. Housing Finance Ltd., New Delhi, as a Housing Finance Company for the purposes of the income tax provision governing housing finance company recognition for assessment years 1997 98 to 1999 2000, subject to the condition that the company conform to and comply with the provisions of that income tax provision.

Tax-free bonds specified under section 10(15)(iv)(h) confer income-tax exemption subject to holder registration and issuance conditions.
Government specifies 7-year secured, redeemable, non-convertible bonds as falling within section 10(15)(iv)(h), identifying issuer, series, nominal value and distinctive numbers; interest from these bonds is tax-free under that item. The tax benefit is conditional on each holder registering his or her name and holding with the issuing corporation.

Specified bonds under section 80L: government designates secured redeemable non convertible bonds issued by NHPC as qualifying securities.
The Central Government, under clause (ii) of sub section (1) of section 80L of the Income tax Act, specified two series of taxable, secured, redeemable, non convertible L series bonds issued by the National Hydroelectric Power Corporation Limited: a five year series at 17 per cent and a seven year series at 16 per cent, each of Rs. 1,000 denomination, with distinctive numbering and aggregate issuance amounts identified in the notification.

Tax-free bond specification requires registration of holder with issuer to secure tax exemption under the Income Tax Act.
Central Government specifies 7-year, 9.25% per annum Rural Electrification Corporation Bonds (2004, XXXII Series) as tax-exempt under item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, listing denominations, distinctive numbers and aggregate issuance; the tax benefit is admissible only if the holder registers his or her name and holding with the issuer corporation.

Charitable donation deduction eligibility affirmed for specified temple's repair and renovation under Section 80G, subject to a capped amount.
Central Government specifies Arulmigu Thiruvaleeswarar Temple, Madras, administered by the Hindu Religious and Charitable Endowment Department of Tamilnadu, as a place of historical and archaeological importance and a place of worship of renown for the purposes of Section 80-G, limited to repair and renovation work of the temple to the extent of Rs. 3,25,000.

Exemption under section 35AC extended for specified charitable projects, permitting an additional three-year eligibility period for tax deductions.
The Central Government specifies that the Mahatama Gandhi Mission for Gram Swarajya and associated Banwasi Seva Ashram projects in Sonbhadra, Uttar Pradesh, remain eligible projects for tax-deduction purposes and are specified as such for a further three assessment years commencing from the assessment year 1999-2000, following a recommendation by the National Committee that the projects are being executed properly.

Exemption under section 35AC extended for Karuna Trust scheme, renewing tax-eligible project designation for three assessment years.
The Central Government, under section 35AC of the Income-tax Act, specified Karuna Trust's scheme of eye operations, polio operations, camps, oxygen cylinder seva and ambulance service across Gujarat as an eligible project for tax exemption, following a National Committee recommendation that the project is being properly executed. The notification fixes the estimated project cost at ninety-four lakhs and extends the scheme's eligibility for a further three assessment years commencing from assessment year 1999-2000.

Section 35AC exemption extended for Girnar Development drinking water project, eligible for two further assessment years commencing 1998-99.
The Central Government specified continued eligibility under Section 35AC for the Girnar Development/Drinking Water Project of Shree Neminath Bhagwant Public Trust, following a National Committee recommendation that the project was being executed properly; the project, at an estimated cost of one hundred fifty lakhs, is specified as an eligible scheme for a further two assessment years commencing with the assessment year 1998 99.

Exemption under section 35AC: expansion of Hindu Mission Hospital specified as eligible project for a further year.
The Central Government specified the Expansion of Hindu Mission Hospital-addition of a Geriatric Division and an Ophthalmic Block (7,400 sq. ft. each)-as an eligible project under section 35AC for a further one-year period (assessment year 2000-2001), following the National Committee's recommendation and with an enhanced estimated project cost.

Tax deduction eligibility under section 35AC: government lists approved institutions, projects and capped deductible costs for assessment years.
Notification approves specified institutions and their listed projects for deduction under the income tax provision, states the maximum portion of estimated project cost allowable as a deduction (including where designated as corpus fund), and prescribes the assessment year periods during which those approvals and deductible caps apply.

Double taxation treaty establishes allocation rules, withholding limits, and dispute resolution to prevent fiscal evasion and double taxation.
Agreement allocates taxing rights between India and Canada for taxes on income and capital, defines residence and permanent establishment rules including duration and agency thresholds, prescribes category by category taxing rules (business profits, dividends, interest, royalties, capital gains, personal services and others), sets withholding ceilings for certain cross border payments, establishes domestic relief methods to eliminate double taxation, and provides non discrimination, mutual agreement, and exchange of information mechanisms together with entry into force and termination provisions.

Long term specified securities designated for reinvestment relief; issuance and a multi year lock in condition govern eligibility and transferability.
Central Board of Direct Taxes designates shares to be issued by Tata Petrodyne Limited as long term specified securities under the relevant income tax provision, applicable to shares allotted within one year from the notification; such shares shall not be transferable before a three year lock in from allotment, and the specification limits the aggregate amount of shares issuable under the notification.

Exemption from capital gains: specified new-issue shares qualify for reinvestment relief when subject to prescribed non-transferability lock-in.
Specification under section 54EB designates newly issued shares of Tata Petrodyne Limited as long-term specified assets for capital gains reinvestment exemption when issued within the prescribed issuance period and subject to the prescribed non-transferability lock-in.

Specified assets under section 54EB designate long-term debentures and bonds by Koshika Telecom as qualifying reinvestment options.
Section 54EB designates certain securities issued by M/s. Koshika Telecom Limited as long term specified assets: debentures and bonds issued within one year of the notification and transferable or convertible only after seven years, each subject to the issuer- and time-specific conditions set out in the notification.

Specified securities under Section 54EA: conditions for issuance, transferability and convertibility of company debentures and bonds.
Specification under Section 54EA designates debentures and bonds issued by M/s. Koshika Telecom Limited as specified securities if issued within one year of the notification, each subject to an aggregate issuance ceiling, and provided they are transferable or convertible only after a three year period from issuance.

Exemption for technical service fees: such fees are excluded from total income while spare parts supply remains taxable.
Fees for technical services received by Rolls Royce Military Aero Engines Limited under the 27 March 1996 agreement for projects connected with security of India are excluded from the company's total income under clause (6C) of section 10, while income from supply of spare parts under that agreement is not exempt and must be included in computing total income.

Long term specified assets under section: shares and debentures issued by a company qualify subject to issuance and transfer conditions
The notification designates equity shares issued by Ushdev International Ltd. within one year and non-transferable for seven years, and debentures issued within one year and transferable or convertible only after seven years, as long term specified assets for the reinvestment tax provision, establishing issuance timing and post-issuance transferability/convertibility conditions that determine eligibility for the specified tax treatment.

Specified securities under section 54EA: shares and debentures by Ushdev International with one year issuance and three year transfer conditions.
The Central Board of Direct Taxes specifies certain shares and debentures of Ushdev International Ltd., Mumbai as specified securities for the purposes of section 54EA: shares to be issued within one year from the notification and transferable after a three year holding period; debentures to be issued within one year from the notification and transferable or convertible after a three year holding period.