Exemption under Section 35AC extended for Allana Foundation project, reaffirming eligible project status and unchanged approved cost.
Project Naya Jeevan operated by Allana Foundation-providing medical, educational, health and nutrition services, poverty relief and employment generation for handicapped persons, women and girls-is specified as an eligible project under section 35AC for a further two years beginning from the financial year 2006-2007, pursuant to a National Committee recommendation, with no change in the approved project cost.

Section 35AC eligibility extended for Anjali project; project cost ceiling increased and notification amended for a further period.
Amendment specifies continued eligibility under Section 35AC for Anjali (Society for Rural Health and Development) at Ranasan-Harsol-Sabarkantha for a further three-year term commencing fiscal 2006-2007, following a recommendation by the National Committee; it also amends the earlier notification to increase the maximum estimated project cost while retaining the corpus fund component.

Exemption under section 35AC extended for a rehabilitation charity project, preserving its approved funding and eligibility.
The Central Government specifies continuation of the Rehabilitation of the disabled project carried out by Sri Vadilal S. Gandhi Charitable Trust as an eligible scheme under section 35AC for a further two years from financial year 2006-2007, following the National Committee's recommendation, and maintains the previously approved project cost and corpus fund without change.

Corrigendum to Income Tax notification: administrative correction of reference year, replacing the earlier year with 2004-2005.
Corrigendum effecting an administrative amendment to a prior Income Tax notification: the Government issues a correction to Notification S.O.127(E) published 2 February 2005 in the Gazette, substituting the previously stated reference year with the subsequent year and directing that the last line of the original notification read 2004-2005 instead of the year originally printed.

Exemption under section 35AC specified project extension; eligible scheme continues for additional period following statutory recommendation.
Specification under section 35AC designates construction, equipping, furnishing and operation of Andh Kalyan Kendra at Village Ranip by Andh Kalyan Kendra (Blind Welfare Centre) as an eligible project for tax-exemption purposes for a further two-year period commencing with the financial year 2006-2007, without any change in the approved project cost, following a recommendation under rule 11M sub-rule (5) of the Income-tax Rules, 1962.

Exemption under section 35AC: eligible health centre project extended and budgetary cap increased under amended notification.
The Central Government specifies the Running of Omayal Achi Community Health Centre at Arakambakkam by Mr. Omayal Achi Mr. Arunachalam Trust as an eligible project under section 35AC for a further three years commencing with the financial year 2006-2007, based on the National Committee's recommendation that the project is properly executed; the prior notification is amended to substitute the previously stated maximum project cost and corpus fund with higher figures in the Table for deduction under section 35AC.

Exemption under section 35AC: government approved institutions and specified projects eligible for tax-deductible donations under notified limits.
Approval of institutions and specification of projects under section 35AC permits deductions for donations to named charitable projects; for each institution the government specifies the eligible project or scheme, an estimated project cost and the maximum cost allowable as a deduction under section 35AC, subject to the notification's project-specific monetary ceilings and fixed two- or three-year notification periods, with certain monetary entries later substituted by follow-up notifications.

Industrial park designation under Section 80 IA enables tax incentives subject to infrastructure, unit and compliance conditions.
Notification designates M/s. Avacado Properties & Trading (India) Pvt. Ltd.'s undertaking as an industrial park for clause (iii) of sub section (4) of Section 80 IA, subject to annexed terms: specified location, area, activity mix, allocable industrial/commercial split, minimum number of units before tax benefits, and minimum infrastructure investment proportions. Approval requires continued operation by the developer, separate statutory approvals for foreign investment, joint notification on transfer of operation, and may be withdrawn for misinformation, unapproved plan amendments, delayed commencement beyond the specified period, or non compliance.

Industrial park notification designates undertaking as eligible for section 80IA benefits subject to specified investment, unit and compliance conditions
Notification under Section 80 IA(4)(iii) designates Subramanya Construction & Development Company Limited's undertaking as an industrial park eligible for tax benefits, subject to conditions: 9.03 acres allocated 100% for industrial use; minimum four units; permitted activities including manufacture of computers and software services; infrastructure investment thresholds (minimum 50% of project cost, 60% where built up industrial space provided); no single unit to occupy more than fifty percent of allocable area; tax benefits available only after minimum units locate; operator must continue to operate; transfers and delays require specified approvals and intimation; noncompliance risks invalidation or withdrawal of approval.

Industrial park notification: tax benefits depend on allocation, investment, minimum units, operation, transfer and compliance conditions.
The Central Government notifies M/s. Shyamaraju & Company (India) Private Limited's undertaking as an industrial park under clause (iii) of sub section (4) of section 80 IA, subject to annexed terms. Conditions for tax benefit eligibility include specified allocable area proportions for industrial and commercial use, a minimum number of industrial units on site, prescribed minimum infrastructure and built up investment thresholds, occupancy limits for single units, separate statutory approvals for investments, continued operation by the grantee during benefit entitlement, transfer intimation procedures, and invalidation or withdrawal for misinformation, undisclosed material facts, amendments without approval, or non compliance.

Industrial park notification conditions tax eligibility for Panchshil Tech Park, subject to infrastructure, unit-count and approval requirements.
Notification designates M/s. Ashray Premises Private Limited's Panchshil Tech Park as an industrial park for the purposes of Section 80-IA(4)(iii), subject to the Industrial Park Scheme, 2002 and the annexed conditions. The annexure prescribes site, area, permitted activities, allocable area percentages for industrial and commercial use, minimum unit count, investment and infrastructure thresholds, required infrastructure components, limits on single-unit occupation, separate approvals for foreign or non-resident investment, commencement and transfer procedures, and grounds for invalidation or withdrawal for noncompliance.

Industrial park notification confirms tax benefit eligibility upon adherence to infrastructure, unit, operational and approval requirements.
Central Government notifies M/s. DLF InfoCity Developers (Chandigarh) Limited's undertaking at Site Nos. 22 & 23, Chandigarh Technology Park as an industrial park under section 80-IA(4)(iii), subject to annexed terms: 8-acre area, specified NIC-coded activities, 66% industrial allocable area, minimum four industrial units, stated investment commitments and commencement schedule. Eligibility for tax benefits requires meeting minimum infrastructure expenditure thresholds (50% generally; 60% where built-up industrial space is provided), provision of listed common infrastructure on commercial terms, compliance with occupancy limits, continued operation by the developer, separate statutory approvals, notification on transfer, and exposure to invalidation or withdrawal for misinformation, non-disclosure, unauthorized amendments, or non-compliance.

Industrial park approval under section 80-IA secures tax benefit eligibility subject to infrastructure, unit thresholds and compliance.
Notification designates M/s. Coretech Realty Private Limited's undertaking at EPIP Industrial Area, Hoodi, Bangalore as an industrial park for purposes of section 80-IA(4)(iii), subject to annexed terms and conditions. Key operational conditions include minimum unit presence before tax benefits attach, specified minimum infrastructure expenditure thresholds (50% generally, 60% where built-up industrial space is provided), defined infrastructure components, a fifty percent cap on occupation by any single unit, requirement for separate statutory approvals for foreign investment, continuous operation by the developer during the benefit period, and grounds for invalidation including misrepresentation, non-disclosure, unauthorized project amendments, and delayed commencement requiring fresh approval.

Approval under Section 35(1)(iii) permits donor deductions where the institution keeps separate accounts and auditor certificates.
Approval of Madras School of Economics under Section 35(1)(iii) permits donor deductions for contributions to its research activities for 1-4-2005 to 31-3-2008, subject to conditions: maintain separate accounts for research; submit audited Income & Expenditure accounts for each approved year to the Commissioner/Director of Income-tax (Exemptions) by the return filing due date or within 90 days of the notification; and include an auditor's certificate specifying amounts received for eligible research and certifying that expenditure was for social science or statistical research.

Charitable receipt exemption prevents recipients including income received on behalf of a research institution if conditions are met.
Notification exempts income received by any person on behalf of the National Council of Applied Economic Research from inclusion in that person's total income for the specified assessment years, provided the Institution applies or accumulates income solely for its objects with limited accumulation, confines investments to permitted modes, treats business receipts as incidental only if separate books are kept, files returns regularly, and transfers surplus assets on dissolution to a similar organization.

Exemption for income received on behalf of Rural Cultural Centre subject to conditions on application, investment, business and dissolution.
Notification under Section 10(23C)(iv) exempts income received by any person on behalf of the India International Rural Cultural Centre from inclusion in the recipient's total income for the specified assessment years, subject to conditions: exclusive application or limited accumulation of income, permitted modes of investment, exclusion of business income unless incidental with separate books, regular filing of returns, and transfer of surplus on dissolution. The exemption applies only to recipients' receipts on behalf of the Institution; the Institution's own taxability is to be considered separately.

Industrial park approval conditions: entitlement to tax incentives tied to infrastructure thresholds, unit occupancy limits, and compliance.
Notification designates M/s. Hiranandani Builders' undertaking as an approved industrial park for tax incentives under clause (iii) of the relevant industrial-park provision, specifying location, area, permitted activities, allocable industrial and commercial area percentages, minimum units, investment figures, and commencement date. Conditions require minimum infrastructure expenditure ratios, defined common infrastructure components, a cap on any single unit occupying more than fifty percent of allocable industrial area, separate statutory approvals for foreign investment, developer's continued operation for benefit-period eligibility, transfer notification procedures, and grounds for invalidation or withdrawal for misrepresentation, nondisclosure, delay, or noncompliance.

Specified asset status under section 54EC: bonds by Rural Electrification Corporation treated as long-term specified asset.
Notification designates bonds to be issued by Rural Electrification Corporation Limited in financial year 2006-07 as long-term specified asset for purposes of section 54EC, specifying a three-year redemption term and thereby enabling the statutory treatment applicable to such tax-saving bonds under the Income-tax Act.

Section 54EC specified asset designation: tax savings bonds issued by National Highways Authority qualify as long term specified assets.
Notification designates bonds issued by the National Highways Authority of India during the 2006-07 financial year as long term specified assets under section 54EC, specifying that tax savings bonds redeemable after three years qualify for the section's tax saving treatment and limiting the notified issuance to the stated aggregate amount for that year.

Waiver of interest allowed where return filed and principal tax paid, subject to specified discretionary conditions.
Senior tax officers may reduce or waive interest charged for delayed payment or shortfall of advance tax only after the return is filed and the principal tax paid; waiver applies where delay is caused by search seizures, unforeseen income paid subsequently, retroactive legal changes creating tax liability, or voluntary filing after unavoidable prevention, and officers may impose further conditions.