Tax exemption notification for a club: conditional recognition requiring application of income for objects, restricted investments and no member distributions.
The Central Government notifies the Dolphin Club, Kilpauk, Chennai for certain assessment years subject to conditions: income must be applied or accumulated exclusively for the club's objects under the applicable application and accumulation rules; investments and deposits are restricted to permitted forms with voluntary contributions retained in specified tangible articles where allowed; income must not be distributed to members except as grants to affiliated institutions; business income is excluded unless incidental and recorded in separate books.

Tax exemption under clause 23C(iv) sec10: foundation notified subject to conditions on income use, investments, and filings.
Notification under clause (23C)(iv) of section 10 designates the B.P. Koirala India-Nepal Foundation as a notified institution for specified assessment years, provided it applies or accumulates income exclusively for its objects, confines investments to forms allowed by section 11(5) (except certain in-kind voluntary contributions), treats business income as incidental with separate accounts, files returns regularly, and on dissolution transfers surplus and assets to a like charitable organization.

Income-tax exemption notification recognises Centre for Social Research as eligible subject to specified compliance conditions.
The Central Government notifies Centre for Social Research, New Delhi, as qualifying under clause (23C)(iv) of section 10 for the specified assessment years subject to conditions: exclusive application of income to statutory objects; investment limited to modes specified in section 11(5); business income excluded unless incidental with separate books; regular filing of income-tax returns; and on dissolution surplus and assets to transfer to a charitable organization with similar objectives.

Deductibility of earthquake relief donations: prescribed authority to review audited separate accounts and determine taxability and compliance.
Rule 18AAAA designates the Director General of Income-tax (Exemptions) as the prescribed authority under section 80G(5C) to receive audited separate accounts from approved trusts, funds or institutions for Gujarat earthquake relief. Such entities must maintain distinct income and expenditure accounts, have them audited by an accountant as per section 288(2), and file Form No.10AA. The authority will determine whether donations are chargeable under clause (23C) of section 10 or section 12, give the assessee an opportunity if findings are adverse, and inform the assessing officer within one month.

Tax exemption under clause (23C)(v) granted subject to income application, permitted investments, business incidental rule, filing and dissolution transfer.
Notification designates Jal Phiroj Clubwala Dar-E-Meher, Chennai as eligible for tax exemption under the Income-tax Act for specified assessment years, conditional on exclusive application of income to its objects, permitted modes of investment, business income being incidental with separate books, regular filing of income-tax returns, and transfer of surplus and assets to a charitable organization with similar objectives upon dissolution.

Tax exemption notification for charitable trust granted subject to income application, investment, business and dissolution compliance.
Notification designates Sir Ratan Tata Trust as eligible under clause (23C)(iv) of section 10 for specified assessment years, subject to conditions: income must be applied or accumulated solely for its objects; investments and deposits limited to permitted forms; business income excluded unless incidental with separate accounts; regular filing of income-tax returns; and on dissolution surplus assets must transfer to a similarly purposed charitable organization.

Tax exemption recognition for charitable institution under income tax law granted subject to compliance and investment conditions.
The Central Government notifies Sri Sarda Math as a charitable institution under clause (23C)(v) of section 10 for assessment years 2002 2003 to 2004 2005 subject to conditions: apply income wholly to institutional objects; invest only in permitted investment modes (voluntary contributions may be held as jewellery, furniture, etc.); business income excluded unless incidental and separately accounted; regular filing of income tax returns; and transfer of surplus/assets to a like charitable organization on dissolution.

Income-tax exemption under clause (23): notified association granted tax-exempt status subject to application, investment and business conditions.
The Central Government notifies the All India Cricket Association for the Disabled under clause (23) of section 10, granting exemption for specified assessment years provided the association applies or accumulates income per section 11(2) and (3) as modified, confines investments to modes in section 11(5) (except certain notified tangible voluntary contributions), does not distribute income to members except by grants to affiliated bodies, and excludes business income unless incidental and maintained in separate books.

Tax exemption recognition for a sports federation conditioned on exclusive application of income and restricted investments.
Notification designates the All India Chess Federation, Calicut under clause (23) of section 10 for specified assessment years subject to conditions: income must be applied or accumulated exclusively for its objects per section 11(2)-(3) as modified; investments confined to modes in section 11(5) except permitted forms for voluntary contributions; income may not be distributed to members except as grants to affiliated bodies; and business profits are excluded unless incidental and maintained in separate accounts.

Correction of notification wording: "Rural Bank" to be read as "Rural Development" in the income tax notice.
A corrigendum to Income Tax Notification S.O. 1780 dated 01.06.2002 directs that the words "Rural Bank" in Paragraph 2, fifth line, shall be read as "Rural Development", effected by Notification No. 222 and signed by the Under Secretary (IT-B).

Corrigendum updates monetary figure in income-tax notification, substituting a revised amount in paragraph four effective immediately.
Corrigendum amends the Government of India, Ministry of Finance notification published in the Gazette by directing that in paragraph 4 the phrase "one crore sixteen lakhs" shall be read as "one crore thirty seven lakhs Eight thousand," as formalised by the Secretary (National Committee) under the referenced file number.

Specified Eligible Project under Section 35AC: extension of tax-advantaged status for a disability socioeconomic development scheme.
The Central Government specifies the NASEOH project to enhance the socioeconomic status of Disabled in Ahmednagar District as an eligible project under the Explanation to section 35AC, extending the original three-year specification by a further three years from assessment year 2003-2004 following the National Committee's recommendation and noting associated estimated project funding and a corpus fund.

Section 35AC eligibility extended for a specified hospital renovation and operation project, sustaining tax-incentive qualification.
The Central Government, under the Explanation to Section 35AC, specifies renovation, furnishing, procurement of equipment/ambulance and operation of the Usmanpura hospital by Sardar Vallabhai Patel Foundation as an eligible project; after a National Committee recommendation the scheme is specified for a further three-year period commencing with assessment year 2003-2004, with an estimated total cost including a corpus fund.

Tax deduction eligibility for charitable rehabilitation projects expanded to include modified polio operations and training centre expenses.
The Central Government re-specifies the project of Smt. Parsanben Narandas Ramji Shah (Talajawala) Society as an eligible scheme under the Explanation to the Income-tax provision, expanding approved activities to include free polio operations, provision of artificial aids and appliances, and construction of a Training Centre for Prosthetic and Orthotic Technicians, Supervisors and Engineers, following a National Committee recommendation and amending the earlier notification to substitute the revised project description and consolidated cost.

Section 35AC eligibility extended for hospital equipment and running scheme in Balasinor, reaffirming tax-incentive project status.
Section 35AC tax-exemption eligibility is extended for the purchase of equipments and instruments and running of a hospital at Balasinor by Kacheria Mojilal Gordhandas General Hospital Trust; the National Committee recommended the extension after finding the project properly executed, and the Central Government specified the scheme as eligible for a further three-year period commencing with assessment year 2003-2004.

Tax deduction eligibility under section 35AC extended for specified tribal welfare and education projects, prolonging approved scheme period.
Pursuant to a National Committee recommendation under the Income tax Rules, the Central Government specified three projects executed by Banwasi Seva Ashram in Sonbhadra - Mission for Gram Swarjya Youth, construction and equipment of women and children centres in tribal villages, and Banwasi Bhawana hostel cum training centre - as eligible schemes under the Explanation to the tax deduction provision for a further three year period commencing with the stated assessment year, at the estimated project cost recorded in the notification.

Specification of eligible project under tax explanation extends school running scheme and increases allowable project cost.
The Central Government, under the Explanation to section 35AC, specifies the scheme of running schools (deleting construction) in thirty villages of Sundergarh District by Dalmia Shiksha Pratisthan as an eligible project or scheme for a further three year period beginning with the assessment year 2003 2004, following a National Committee recommendation that the project is properly executed; it also amends the earlier notification to increase the maximum cost to be allowed for the specified project.

Tax exemption project eligibility extended and project cost increased for specified diagnostic and blood bank construction.
The Government specifies the construction of a Blood Bank, Pathology laboratory, X-ray, Sonography and Diagnostic Medical Centre at Rotary Bhavan, Gandhidham, Kutch, as an eligible project under the Explanation to the relevant income-tax provision, and, following the National Committee's recommendation, extends the period of specification for a further three years beginning with the stated assessment year and amends the maximum approved project cost by substituting the earlier figure with the higher sanctioned figure.

Tax exemption eligibility under Explanation to section extended for specified rehabilitation and physiotherapy projects for a further period.
Central Government specifies that the Apang Manav Mandal scheme in Ahmedabad-comprising physiotherapy centre equipment and construction at two hostels, hostel extension works, survey and research on the physically handicapped, and provision of mobility and assistive equipment-is an eligible project under the Explanation to the Income-tax provision and is specified for a further three-year period commencing assessment year 2003-2004 following the National Committee's recommendation.

Tax deduction eligibility extended for rural health camps and small hospital project; project cost and corpus limits increased.
The Central Government specified continuation of the Shri Bhojay Sarvodya Trust project of rural health camps and construction of a 14 bedded public hospital as eligible under the Explanation to section 35AC for a further three year period beginning with assessment year 2003-2004, and amended the earlier notification to increase the maximum permissible project cost and the corpus fund ceiling in the Table of the prior notification.