Tax incentive specification under section 35AC extended for animal shelter project, confirming continued eligibility for the charitable scheme.
The Central Government, exercising powers under the Explanation to section 35AC, specifies the animal shelter and rescue home and medical camps project carried out by Shree Vardhman Jivdaya Kendra as an eligible project or scheme for income-tax incentive purposes for a further three-year period following a National Committee recommendation and noting the project's estimated cost.

Specification under section 35AC: Kanoli vision Saver Eye Camps extended as eligible project and project cost ceiling increased.
The Central Government specifies the "Kanoli-vision Saver" Eye Camps by Shri Sankara Health Centre as an eligible project under the Explanation to section 35AC for a further three-year period beginning with the relevant assessment year, following the National Committee's recommendation that the project is being executed properly. The notification also amends the earlier specification to increase the maximum project cost allowed for the project.

Specification under section 35AC extends eligible project period and increases approved project cost for hospital equipment.
The Central Government amends a prior notification under the Explanation to the Income tax Act to specify Manav Seva Sangh's project for hospital equipments at Lioness Kamavati Eye Hospital as eligible for a further three year period and to substitute the previously allowed maximum project cost and corpus fund with the newly approved higher amounts following the National Committee's recommendation.

Tax deduction eligibility under section 35AC: specified institutions and projects approved for limited assessment years.
Central Government approval is accorded to specified institutions and their named projects under the Explanation to the income tax deduction provision, recording for each the eligible project or scheme, estimated cost and the maximum amount allowable as a deduction. The notification distinguishes corpus funds from other project costs and sets temporal limits: specified projects at serial numbers 1-2 are approved for one assessment year, while projects at serial numbers 3-15 are approved for a three year period, with deductible amounts tied to those assessment years.

Relief for arrears and advances in salary or pension: specified stepwise tax computation to allocate incremental tax burden.
The amendment to Rule 21A prescribes relief under Section 89 for salary or family pension received in arrears or advance by reducing the tax for the relevant previous year by the excess tax attributable to the additional amount. Tax on the additional amount is determined by: (b) treating the relevant year's total income reduced by the additional amount and taking the resulting shortfall as the tax on the additional amount; (c) where it relates to one previous year, increasing that year's income and taking the incremental tax; and (d) where it spans multiple years, ascertaining amounts by year and comparing aggregate incremental tax with aggregate original tax.

Tax-free bond designation confirms HUDCO Gujarat Punamirman bonds' exempt status under section 10(15)(iv), subject to registration.
Central Government specifies HUDCO Gujarat Punamirman Special bonds Series II-A, II-B and II-C as tax-free under clause (iv) of clause (15) of section 10 of the Income-tax Act, identifying denominations, interest rates, tenors, aggregate series amounts and distinctive numbers, and conditions the tax-exempt benefit on the holder registering his or her name and holding with the Corporation.

Tax-free priority sector HUDCO bonds specified; tax exemption conditional on holder registration with the issuer to claim benefit.
Central Government specifies HUDCO Priority Sector bonds as tax-free under clause (15)(iv) of section 10, identifying Series XXI A and Series XXI B issued by Housing and Urban Development Corporation Limited with prescribed interest rates, tenors and specified issuance blocks. The notification conditions the tax exemption on the bondholder registering his or her name and holding with the issuing corporation.

Tax exemption for specified HUDCO bonds requires holder registration with the issuing corporation to claim the tax benefit.
Central Government specifies three series of HUDCO Gujarat Punarnirman Special tax-free bonds issued by Housing and Urban Development Corporation Limited, identifying series I-A, I-B and I-C with specified interest rates, tenors and aggregate issuance amounts and distinctive bond number ranges. The notification conditions the availability of the tax-free benefit on the holder registering their name and holding with the issuing Corporation.

Tax exemption under clause (23C)(v) granted to a charitable trust, subject to income application, investment and compliance conditions.
Notification grants tax-exempt status under clause (23C)(v) of section 10 to The Church of North India Trust Association, New Delhi, subject to conditions: apply or accumulate income solely for its objects; restrict investments to legally specified modes (excluding certain voluntary movable contributions); exempt business income only if incidental and separately accounted; file returns regularly; and on dissolution transfer surplus and assets to a like charitable organisation.

Charitable institution tax exemption notified subject to conditions on application of income, investments, business and dissolution.
Notification grants tax-exempt status to the Temple Charitable Institutions and Funds of the Goud Saraswat Brahman Community of Bombay, Mumbai subject to conditions: income must be applied or accumulated wholly and exclusively for charitable objects; investments limited to forms specified in section 11(5) except certain voluntary contributions; business income excluded unless incidental with separate books; regular filing of returns required; and on dissolution surplus and assets must pass to a charitable organisation with similar objectives.

Tax exemption under clause 23C(v) granted to a charitable trust, subject to income application, investment and reporting conditions.
Notification designates Hazrat Pir Mohammed Shah Dargah Sharif Trust, Ahmedabad as eligible under clause (23C)(v) of section 10 of the Income tax Act for specified assessment years, subject to conditions: exclusive application or accumulation of income to objects; investment and deposit limited to forms permitted under section 11(5) except retained voluntary contributions in jewellery or furniture; business income excluded unless incidental and separately accounted; regular filing of income tax returns; and on dissolution surplus and assets to transfer to a charitable organisation with similar objectives.

Tax exemption under section 10(23G) granted subject to compliance, with withdrawal for non maintenance or non audit of accounts.
Approval under section 10(23G) read with rule 2E is granted to M/s Karnataka Power Corporation Limited for assessment years 2002-2005 for specified hydroelectric projects. The approval is conditional on compliance with section 10(23G) and rule 2E; the Central Government may withdraw approval if the enterprise ceases to carry on an infrastructure facility, fails to maintain books and obtain audits as required by sub rule (7) of rule 2E, or fails to furnish the mandated audit report.

Tax exemption approval under section 10(23G) permits mobile-service enterprise conditional exemption subject to compliance and audited accounts.
Approval is granted to M/s BPL Mobile Cellular Limited for its mobile telephone service project qualifying for tax exemption under section 10(23G) read with rule 2E, subject to compliance with those provisions, maintenance of books, audit by a qualified accountant, and furnishing the audit report; the Central Government may withdraw approval if the undertaking ceases infrastructure operations or fails accounting and audit obligations.

Income tax rule amendment narrows application, exempting railway employees and applying retrospectively under income tax rules notification.
The Central Board of Direct Taxes notifies the Income tax (19th Amendment) Rules, 2002, effective from 1 April 2001, amending Rule 3 of the Income tax Rules, 1962 by inserting a proviso in Sub rule (6) excluding Railway employees from that sub rule's application and by deleting the reference to the Railways from the second proviso of Sub rule (9); the explanatory memorandum states the change benefits Railway employees.

Infrastructure approval under tax-exemption rules granted subject to compliance with accounting, audit and reporting obligations.
Approval under the tax exemption framework is granted to M/s Nhava Sheva International Container Terminal Ltd., Mumbai for its quay-length container terminal project at Navi Mumbai, subject to conformity with the Income-tax Act's exemption criteria and procedural rules. The approval requires maintenance of books of account, statutory audit by a qualified accountant, and furnishing of the audit report; the Central Government may withdraw approval if the enterprise ceases to provide infrastructure facilities or fails to comply with the account-keeping, audit, or reporting obligations.

Tax exemption granted to Auroville Foundation subject to conditions on income application, investment forms, accounting, and dissolution.
Notification grants income-tax exemption to Auroville Foundation subject to conditions: income must be applied wholly to its objects; investments are restricted to forms permitted under section 11(5) (except specified voluntary contributions); business income is excluded unless incidental and separately accounted; regular filing of income-tax returns is required; and on dissolution surplus assets must transfer to a similar charitable organization.

Tax exemption under clause 23C notified; applies subject to income application, restricted investments and business-incidence conditions.
Notification under clause (23C) of section 10 recognizes the U.P. Cricket Association, Kanpur for specified assessment years subject to conditions: apply or accumulate income in accordance with sub-sections (2) and (3) of Section 11 as modified; restrict investments to modes in sub-section (5) of Section 11 except notified forms of voluntary contributions; prohibit distribution to members except grants to affiliated bodies; and exclude business profits unless incidental with separate books maintained.

Research exemption approval under section 35(1)(ii) requires separate research accounts and annual audited returns to authorities.
M/s. Sri Aurobindo Ashram Trust is approved for purposes of clause (ii) of sub section (1) of section 35 of the Income Tax Act, 1961, subject to maintaining separate books for research, furnishing an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income and expenditure accounts for the research activities to designated tax and research authorities by 31 October each year; renewal applications must be filed in triplicate through and to specified authorities.

Approval under Section 10(23G) granted to a power enterprise, subject to compliance and audit-based withdrawal conditions.
Approval is granted to M/s Samalpatti Power Company Ltd for tax-exempt status for its specified power project, conditional on its continuing operation as an infrastructure facility and strict compliance with the Income-tax Rules' requirements to maintain accounts, obtain an audit by a qualified accountant, and furnish the prescribed audit report, with the Central Government empowered to withdraw approval for non-compliance.

Cellular telephone requirement: Form 2C now mandates cellular telephone numbers (excluding wireless in local loop) where condition B(iii) applies.
The amendment to Income-tax Rules, 1962, Form No. 2C, substitutes the term "telephone" in condition B(iii) with "cellular telephone not being a wireless in local loop telephone" and replaces heading C, item 3 to require furnishing of cellular telephone number(s) (not being a wireless in local loop telephone) where condition B(iii) is satisfied.