Industrial Park designation enables specified tax incentives subject to infrastructure, unit-count, approvals and compliance conditions.
Notification under Section 80-IA(4)(iii) designates M/s. Rajasthan State Industrial Development & Investment Corporation Limited's project at Khuskhera (Bhiwadi) as an Industrial Park, subject to annexed terms: specified area and allocation percentages, minimum number of units, declared investments, and infrastructure expenditure thresholds (50% generally; 60% if built-up space is provided). Conditions include a single-unit occupancy cap of 50% of allocable industrial area, requirement for statutory approvals, tax benefits conditional on minimum units being located, operator continuity during benefit period, transfer notification procedures, and invalidation or withdrawal for misinformation, unauthorized amendments or non-compliance.

Industrial Park notification conditions tax benefit eligibility contingent on infrastructure, unit thresholds, approvals and ongoing operation.
The Central Government notifies the industrial part of M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, as an Industrial Park under clause (iii) of sub-section (4) of section 80 IA, subject to specified terms: project particulars including area, allocable industrial/commercial proportions, minimum unit count and investment; minimum infrastructure expenditure thresholds; defined infrastructure components; cap on single-unit occupancy; statutory and foreign investment approvals; tax benefits linked to presence of minimum units; ongoing operation by the undertaking; transfer notification requirements; and invalidation or withdrawal for misrepresentation, undisclosed material facts, unauthorized amendments, or non-compliance.

Industrial park approval enables tax benefits once specified unit and infrastructure conditions are met under prescribed scheme.
Notification designates the Rajasthan State Industrial Development & Investment Corporation Limited's Thanagazi project as an Industrial Park under clause (iii) of sub section (4) of section 80 IA, subject to annexure terms. Key conditions require specified allocations for industrial and commercial use, a minimum number of units before tax benefits accrue, prescribed minimum infrastructure expenditure (higher where built up space is provided), defined common infrastructure elements, a cap on any single unit's share of allocable area, separate statutory approvals, continuous operation by the promoter, and obligations on transfers, amendments and disclosures.

Section 35(1)(ii) approval requires separate research accounts, audited research statements and auditor certification of donor-eligible receipts.
Approval is granted to M/s. Lokmanya Medical Research Centre as an institution partly engaged in research, subject to maintaining separate accounts for research; submitting, for each approved year, audited Income & Expenditure accounts for the research activities to the tax exemption authority by the due date of filing return or within ninety days of the notification, whichever is later; and enclosing an auditor's certificate specifying donor-eligible research receipts and certifying that the expenditure was for scientific research.

Industrial Park approval enables tax benefit eligibility subject to infrastructure thresholds, occupancy caps, compliance, and transfer notifications.
The Central Government notifies M/s. Kirloskar Systems Limited's development as an Industrial Park for income-tax benefit purposes, specifying location, area, activity mix, land allocation percentages, minimum number of industrial units, commencement date, and investment thresholds. Conditions for tax benefit eligibility include minimum infrastructure expenditure proportions, a cap on single-unit occupancy of allocable industrial area, continuation of promoter operation during the benefit period, regulatory approvals for foreign or nonresident investment, and requirement of fresh approval if commencement is delayed. Approval is subject to withdrawal or invalidation for misinformation, misuse, nondisclosure, unauthorized amendments, or noncompliance, and transfer of operation requires joint intimation to the designated authority.

Industrial Park designation conditions tax-benefit eligibility subject to infrastructure, unit thresholds and ongoing compliance.
Central Government notifies M/s. Phoenix Software Limited's undertaking as an Industrial Park under Section 80IA(4)(iii), specifying location, area, principal activities, allocable area percentages, minimum number of industrial units, proposed investments and commencement date; requires minimum infrastructure expenditure (higher threshold if built-up industrial space provided), defines infrastructure, caps single-unit occupancy at fifty percent of allocable industrial area, conditions tax benefits on meeting the minimum units and continuous operation, requires separate statutory approvals, prescribes procedures for transfer, and permits withdrawal or invalidation for nondisclosure, misstatement, delay or noncompliance.

Audit report requirement for tax-exempt charitable and educational institutions mandates standardized financial disclosure and certifications.
Amendment adds rule 16CC prescribing Form No.10BB as the mandatory audit report for funds, trusts, institutions, universities, educational institutions, hospitals and medical institutions claiming exemption under the noted sub-clauses of section 10(23C). The audit must examine and certify that the balance sheet and income and expenditure or profit and loss account agree with books of account, that proper books have been kept, and that the accounts give a true and fair view; negative or qualified answers must state reasons. The Form requires Parts A-C disclosures on identity, application and accumulation of income, investments, business income, transfers, voluntary contributions and anonymous donations.

Exemption for receipts on behalf of Gujarat Pollution Control Board preserved when statutory application, investment, business and dissolution conditions are met.
Exemption under Section 10(23C)(iv) excludes from a recipient's taxable income receipts made on behalf of the Gujarat Pollution Control Board, subject to conditions: income applied or accumulated exclusively for institutional objects with limited accumulation above fifteen percent; restricted modes of investment for funds; exclusion of business receipts unless incidental and separately accounted; regular filing of income-tax returns; and transfer of surplus and assets to a like-minded organization on dissolution. The notification covers only receipts made on behalf of the institution and not other recipient income.

Tax exemption for income received on behalf of a specified environmental institution subject to application, investment, business and dissolution conditions.
Notification exempts income received by any person on behalf of Gujarat Pollution Control Board, Paryavaran Bhavan, Gandhinagar as exempt under Section 10 (23C)(iv) for the specified assessment years, subject to conditions: exclusive application or limited timed accumulation of income, restricted modes of investment, business profits excluded unless incidental with separate books, regular filing of returns, and transfer of surplus and assets on dissolution to a similar organization.

Industrial park approval grants conditional tax benefits after compliance, unit occupancy and infrastructure thresholds are met.
The Central Government notifies M/s. Jayabheri Properties Private Limited's undertaking at Survey No.14-P(Part), Madhapur, as an Industrial Park under clause (iii) of sub-section (4) of section 80-IA, subject to conditions: specified area and activity mix, approximately 90% industrial allocation, minimum units requirement, and stated investment and commencement. Conditions include minimum infrastructure investment thresholds (50% general, 60% where built-up space provided), infrastructure definitions, a cap preventing any single unit occupying over 50% of allocable industrial area, separate statutory approvals, operation/maintenance by the developer during benefit period, transfer notification procedures, and invalidity/withdrawal for misrepresentation or non-compliance.

Income exemption for donations: income received on behalf of Association of Tribal Welfare Development exempted subject to statutory conditions.
Income received by any person on behalf of Association of Tribal Welfare Development, Naharbari, Dimapur, Nagaland is exempt under Section 10(23C)(iv) for assessment years 2006-07 to 2008-09, subject to conditions: income must be applied or accumulated exclusively for institutional objects with any excess accumulation over 15% limited to five years; funds must be invested only in forms specified in section 11(5) (except certain voluntary contributions); business income is taxable unless incidental and separately accounted; the Institution must file returns regularly; and on dissolution surplus assets must transfer to a like-minded organisation.

Return of fringe benefits now required in prescribed forms and may be filed without supporting tax computations or attachments.
The amendment requires the return of fringe benefits to be filed and verified in the prescribed form, provides transitional guidance for taxpayers filing both income and fringe benefits returns, and stipulates that returns filed in the specified simplified forms need not be accompanied by tax computation, proofs of tax payment or deduction, or any documents, accounts, forms, or audit reports otherwise required.

Infrastructure facility designation extends tax recognition to specified public facilities including expressways, transit systems, and terminals.
The Central Board of Direct Taxes notifies specified public facilities as infrastructure facilities for the Explanation to clause (viii) of section 36 of the Income tax Act, listing inland container depots and container freight stations, mass rapid transit and light rail transit systems, expressways, intra urban or semi urban roads (ring roads, urban by passes, flyovers), bus and truck terminals, subways, road dividers, bulk handling terminals for rail development, and multilevel computerised car parking.

Infrastructure facility eligibility: public facilities must meet ownership, agreement and commencement conditions to qualify.
Rule 6ABAA inserts eligibility conditions for notification of a public facility as an infrastructure facility: ownership by an Indian company, consortium, or statutory authority; a contractual agreement with Central/State/local or other statutory bodies for developing, or operating and maintaining, or both, a new infrastructure facility similar to those in the Explanation to clause (i) of sub-section (4) of section 80-IA; and commencement of operation and maintenance on or after 1 April 1995.

Withholding tax caps on cross border dividends, interest and royalties limited by amended treaty protocol, with transitional application rules.
Amendments replace Articles 10(2), 11(2) and 12(2) to impose a ten per cent withholding tax cap on dividends, interest and royalties/fees for technical services when the recipient is the beneficial owner, while preserving the source state's taxation of the payer's profits. The Protocol deletes sub paragraph (c) of Article 23(3) and sets entry into force and transitional application dates for each Contracting State; the Central Government directed implementation domestically to give effect to the Protocol from the notified effective date.

Assessing Officer designation for BCTT: the officer with jurisdiction over the assessee handles BCTT assessment powers.
The Central Board of Direct Taxes authorises Income-tax authorities to exercise all powers and functions conferred on, or assigned to, an Assessing Officer for purposes of Chapter VII of the Finance Act, 2005 relating to Banking Cash Transaction Tax, and specifies that the Assessing Officer for Chapter VII shall be the officer who has jurisdiction over the assessee under the Income-tax Act, 1961.

Industrial Park approval enables tax benefits subject to infrastructure thresholds, unit minimums, transfers, and compliance conditions.
Notification designates ICC Trade Towers, developed by M/s. ICC Realty (India) Private Limited, as an industrial park for tax deduction purposes, conditioned on specified location, area (63,516.58 sq. m.), 90% industrial allocation, minimum five industrial units, prescribed permitted activities, investment thresholds, and commencement date; infrastructure expenditure must meet minimum percentage thresholds (50% general; 60% where built up space provided); no single unit may occupy over 50% of industrial area; statutory approvals, compliance, transfer formalities, disclosure accuracy, and adherence to scheme conditions are required or approval may be invalidated or withdrawn.

Industrial Park notification under Section 80-IA(4)(iii) ties tax benefits to specified infrastructure, unit thresholds and compliance.
Notification under Section 80-IA(4)(iii) designates ICC Tech Park, Pune, developed by M/s. ICC Realty (India) Private Limited, as an Industrial Park for tax benefit purposes subject to conditions. The Annexure sets eligibility and compliance rules: location, area, permitted industrial activities, 90% industrial/10% commercial allocation, minimum three units, investment and infrastructure expenditure thresholds (50% general, 60% where built-up industrial space provided), specified common facilities, unit occupancy limit of 50% of allocable industrial area, and requirement that tax benefits accrue only after the minimum units are established. Approval may be invalidated for misinformation, nondisclosure, unauthorized amendments, delayed commencement beyond one year without fresh approval, or non-compliance; transfer of operation requires joint intimation to the Secretariat for Industrial Assistance.

Industrial Park approval under section 80IA conditions tax benefits on infrastructure, unit thresholds, occupancy limits, and compliance.
Notification designates M/s. Shyamaraju & Company (India) Private Limited's Divyasree Towers as an Industrial Park under clause (iii) of sub-section (4) of Section 80IA, subject to annexed terms: specified location, area, permitted NIC-coded activities, minimum units, allocable industrial and commercial area percentages, and investment commitments. It mandates minimum infrastructure expenditure ratios, lists infrastructural components, restricts single-unit occupancy to fifty per cent of industrial area, conditions tax benefit entitlement on presence of minimum units, requires continuation of operation by the notifying undertaking, and provides that misrepresentation, undisclosed material facts, unapproved project amendments, delayed commencement, or transfer without intimation will invalidate approval.

Industrial Park notification secures tax benefit eligibility subject to compliance, unit thresholds, infrastructure and operational conditions.
The Central Government notifies M/s. DLF InfoCity Developers (Kolkata) Limited's undertaking as an Industrial Park under clause (iii) of sub-section (4) of section 80-IA, subject to annexure conditions: specified location and area, proportions of allocable industrial and commercial land, minimum number of units, investment and commencement schedule, minimum infrastructure expenditure thresholds (with higher requirement where built-up industrial space is provided), infrastructure components, a cap on single-unit occupancy of allocable industrial area, requisite statutory approvals, operational continuity by the developer, conditions for transfer intimation, and invalidation or withdrawal for misrepresentation, non-disclosure or non-compliance.