Charitable exemption under section 10(23C)(v) granted subject to exclusive income use, permitted investments, business limits, and dissolution terms.
Notification under section 10(23C)(v) recognizes the Bochasanwashi Shri Akshar Purushottam Swaminarayan Sanstha as eligible for exemption for assessment years 2002-2003 to 2004-2005, subject to conditions: apply or accumulate income exclusively for its objects; restrict investments to forms in section 11(5) except certain voluntary contributions in kind; exclude business income unless incidental and separately accounted; regularly file income-tax returns; and on dissolution transfer surplus and assets to a charitable organization with similar objectives.

Tax exemption notification grants conditional recognition to Bombay Gow Rakshak Mandali, requiring restricted investments, return filing, and dissolution transfer.
The Central Government notified Bombay Gow Rakshak Mandali for conditional recognition under the income-tax regime for specified assessment years, subject to conditions that the assessee apply or accumulate income wholly and exclusively to its objects, restrict investments to prescribed forms (except specified voluntary contributions), exclude business income unless incidental and separately accounted, regularly file income-tax returns, and on dissolution transfer surplus and assets to a charitable organization with similar objectives.

Tax exemption under section 10(23C)(v) granted to a religious institution subject to compliance and investment restrictions.
Notification grants tax exemption to Srimad Jagadguru Madhwarcharya Moolamahasunsthana Uttaradi Math for assessment years 1999-2000 to 2001-2002 subject to conditions: apply or accumulate income wholly for institutional objects; restrict investments to forms permitted under section 11(5) (excluding voluntary contributions held as jewellery or furniture); treat business income as exempt only if incidental and maintained in separate books; regularly file income-tax returns; and on dissolution transfer surplus and assets to a similar charitable organization.

Tax exemption recognition under section 10(23C)(iv) grants conditional charitable status to a commerce body subject to compliance.
Notification grants the Federation of Indian Chambers of Commerce and Industry conditional tax-exempt recognition under clause (23C)(iv) of section 10 for specified assessment years, subject to conditions: apply income wholly to stated objects; limit investments to forms permitted by section 11(5) (except certain tangible voluntary contributions); exclude business profits unless incidental and separately accounted; file income-tax returns regularly; and on dissolution transfer surplus assets to a similar charitable organisation.

Research institution approval under income tax law requires separate research accounts and annual audited filings by stated deadlines.
Approval is granted to the National Institute of Advanced Studies as an Institution for research exemption purposes for the period 1 April 2001 to 31 March 2004, subject to maintaining separate research accounts, filing an annual return of scientific research activities with the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited Income & Expenditure Account for research activities to designated tax and scientific authorities by 31 October each year, in addition to the return of income to the assessing officer; renewal applications must be filed in triplicate through the appropriate tax authority and copies sent to the Secretary, DSIR.

Perquisite valuation rules revised: employer records and certification can exclude motor-car and card expenses where used for official duties.
The amendment revises Rule 3 to allow perquisite valuation of employer-provided motor cars and employer-paid credit card expenses to be based on actual amounts charged, met or reimbursed reduced by amounts attributable to official use, provided the employer maintains detailed records (journey or expenditure details and business expediency) and issues a certificate that the expenditure was wholly and exclusively for official duties; a business-purpose exception similarly applies where these conditions are satisfied.

Special Economic Zones eligibility expanded to include developers for section 80-IA tax holiday via retrospective rules amendment.
The amendment to the Income-tax Rules amends Rule 18C to include Special Economic Zones alongside industrial parks, substitutes the administrative ministry name to the Ministry of Commerce and Industry, and inserts a new sub-rule permitting undertakings to begin development or operation of SEZs within the prescribed notification period, thereby enabling notification of SEZs for developers to qualify for tax-holiday benefits under the income-tax provision; the changes operate retrospectively to the commencement date specified in the amendment.

Tax exemption under section 10(23) granted subject to application, investment, distribution, and business accounting conditions.
Notification under section 10(23) grants the Madhya Pradesh Cricket Association, Indore exemption for assessment years 1996-97 to 1998-99 subject to conditions: income must be applied or accumulated exclusively to its objects per Sections 11(2) and 11(3) as modified; investments and deposits are restricted to forms specified in Section 11(5) except permitted voluntary contributions; income cannot be distributed to members except as grants to affiliated bodies; business income is excluded unless incidental to objectives and accounted for in separate books.

Tax exemption notification grants conditional exemption to a cricket association subject to application, investment and business restrictions.
Notification grants conditional tax-exempt status to U.P. Cricket Association, Kanpur for specified assessment years, requiring application or accumulation of income exclusively to its objects per Section 11 as modified; investments and deposits must be in permitted forms, voluntary contributions may be held in notified tangible forms, income distribution to members is prohibited except as grants to affiliated bodies, and exemption excludes business profits unless incidental and recorded in separate books.

Amendment to income-tax notification reassigns commissioner jurisdictions and omits a schedule entry, effective on Gazette publication.
Amendment under statutory provision substitutes specified Schedule-I entries to reassign designated Chief Commissioners of Income-tax and their subordinate Commissioners, omits a later serial entry, and leaves other notification contents unchanged; the notification takes effect from publication in the Official Gazette.

Tax exemption notification: Veerayatan recognised under section 10 with conditions on application of income and permitted investments.
Central Government notifies Veerayatan under clause (23C)(v) of section 10 for specified assessment years subject to conditions: income must be applied or accumulated solely for its objects; investments and deposits must be only in forms permitted by section 11(5) (except certain voluntary contributions in kind); business income is excluded unless incidental with separate books; regular filing of returns is required; and on dissolution surplus and assets must go to a charitable organisation with similar objectives.

Insurer parity: private insurers placed at par with traditional insurer for pension and gratuity fund investments.
The amendment extends insurer parity by permitting approved private insurers to provide annuities and group gratuity scheme services for Approved Super Annuation Funds and approved gratuity funds, placing them on the same footing as the previously designated insurer and clarifying permissible deposit and investment alternatives where fund monies are not utilised for such schemes.

Delegation of assessment authority enables Chief Commissioner to authorise subordinate Assessing Officers to exercise concurrent powers.
Authorisation empowers the Chief Commissioner of Income-tax-XIII, Mumbai to issue written orders enabling all or any Assessing Officers subordinate to him to exercise powers and perform functions under the Income-tax Act concurrently; the Central Board of Direct Taxes makes this delegation and specifies the commencement and administrative reference.

Correction to notification wording replaces an erroneous monetary denomination to clarify the intended per-unit amount.
The corrigendum amends the Government of India notification S.O. 420(E) by substituting the incorrect wording "rupees on lakh each" with the correct wording "rupees one thousand each", correcting a drafting error to clarify the intended per-unit monetary denomination in the original Gazette notification.

Notification amendment revises specified monetary threshold in income tax notification, replacing the prior amount with a higher value.
Corrigendum to an income tax notification substituting the previously stated monetary figure in the earlier Ministry of Finance Gazette notification with a revised, larger figure, thereby modifying the operative text of the original notification.

Report requirement for deduction under section 32(1)(iia): accountant's Form 3AA mandated for new plant and substantial expansion.
A new rule mandates that claims for deduction in respect of new plant and machinery or for substantial expansion must be supported by an accountant's report in Form 3AA certifying the amounts claimed for new industrial undertakings and for substantial expansion, with details of acquisitions, purchase and installation dates, and actual cost set out in Annexure A and Annexure B; the report must be signed by a Chartered Accountant or an authorised auditor and must state reasons for any negative or qualified answers.

Tax exemption under section 10(23C)(v) granted subject to conditions on application, investments, business and dissolution.
The Central Government notified Govindapuram Parthasarathi Kshethra Samrakshana Samithi, Calicut under clause (23C)(v) of section 10 for assessment years 1999-2000 to 2001-2002, subject to conditions: income must be applied or accumulated solely for its objects; investments limited to forms specified in section 11(5) (except certain voluntary contributions); business income excluded unless incidental and separately accounted; regular filing of income-tax returns; and on dissolution surplus and assets must go to a charitable organisation with similar objectives.

Tax exemption under section 10 clause 23C(v) applies to Sringeri Sharda Peetham subject to specified compliance conditions.
Notification under clause (23C)(v) of section 10 grants tax-exempt status to Sri Sri Jagadguru Shankaracharya Mahasanathanam Dakshinamnaya Srt Sharda Peetham, Sringeri for specified assessment years subject to conditions: apply or accumulate income exclusively to its objects; restrict investments to forms under section 11(5) except certain voluntary contributions; treat business income as incidental with separate books; file income-tax returns regularly; and on dissolution transfer surplus and assets to a charitable organization with similar objectives.

Tax exemption under section 10(23C)(v) granted to Dohnavur Fellowship, subject to investment, business, filing and dissolution conditions.
Notification recognizing tax exemption for Dohnavur Fellowship for assessment years 1992-93 to 1994-95, conditional on applying or accumulating income wholly and exclusively for its objects; restricting investments to forms permitted by law (with limited exception for voluntary contributions retained as jewellery or furniture); excluding business income unless incidental and separately accounted; requiring regular filing of income-tax returns; and mandating transfer of surplus and assets on dissolution to a charitable organization with similar objectives.

Charitable exemption recognition: status granted subject to exclusive application of income, permitted investments, business segregation, filing and dissolution conditions.
Notification granting recognition under clause (23C)(v) of section 10 conditions the institution's tax-exempt status on applying income wholly and exclusively to its objects; restricting investments and deposits to modes permitted by law; treating business income as exempt only if incidental and recorded in separate books; regular filing of income-tax returns; and transferring surplus and assets on dissolution to a charitable organisation with similar objectives.