Deduction under Section 80-IA: industrial park approved for tax benefits, subject to eligibility, reporting and compliance requirements.
Approval recognises M/s Dosti Corporation (Pinnacle) industrial park as an approved undertaking for tax deductions under the industrial park scheme effective from the date of commencement, subject to Industrial Park Scheme, 2008 and annexure terms. Eligibility requires minimum constructed area, majority allocable area for industrial use, limited commercial area, and a prescribed minimum number of industrial units; associated-enterprise units count as one unit and area occupancy limits apply. The approval is non-transferable, requires separate accounts, timely tax returns, annual reporting, and is withdrawable for misinformation, unapproved amendments, non-compliance, or duplicate approvals.

Tax approval for scientific research: University recognized under section 35(1)(ii) with compliance and audit conditions.
Approval is granted to Pandit Deendayal Petroleum University as an institution qualifying under clause (ii) of sub-section (1) of section 35 read with rules 5C and 5E, from AY 2014-2015, for departments engaged exclusively in scientific research. The institution must ensure sums paid are used only for scientific research, carry out research through faculty or enrolled students, maintain separate books of account for research receipts and expenditures, obtain an audit by a defined accountant and furnish the auditor's report and a certified statement of donations and application of funds to the tax authority by the return due date.

Approved organization status for research requires separate accounts, audited reports and certified donation statements, with approval withdrawable for non-compliance.
The Institute of Chemical Technology, Mumbai is approved as an approved organization for research under the Income-tax Act from the assessment year 2014-2015, subject to conditions: use of sums for scientific research; research by faculty or enrolled students; maintenance of separate books of accounts for research receipts and expenditures, audited by a qualified accountant with the audit report filed by the income-tax return due date; and a separate auditor-certified statement of donations received and amounts applied for research to accompany the audit report.

Electronic filing requirement: Amended rules mandate electronic submission and verification for individuals with foreign accounts, companies, and specified entities.
Amendments to Income tax Rules, 1962 (effective 1 April 2015) revise rule 12 to expand triggers for electronic filing, inserting references to an additional sub section and substituting sub rule (3) with a table that prescribes mandatory electronic filing and permitted verification methods for individuals, HUFs, companies and other specified filers, including definitions for electronic verification code and updates to office titles and date references.

Approval under section 35 grants research-focused tax recognition subject to exclusive utilisation, audit reporting, certified donation statements and withdrawal for noncompliance.
Approval is granted to Indian Institute of Technology Samantapuri Bhubaneswar as an institution engaged in scientific research, subject to using received sums only for research, conducting research through faculty or enrolled students, maintaining separate books of account, obtaining an audit by a qualified accountant and furnishing the audit report and a certified statement of donations and research expenditures to the tax authority by the due date for filing the income-tax return.

Exemption limits increased for specified allowances; amendment to Income tax Rules effective from April 1, 2015.
Notification under section 295 read with clause (14) of section 10 amends Rule 2BB(2) of the Income tax Rules, 1962 by substituting revised exempt amounts in the Table: the column (4) entry for serial number 10 is replaced and the column (4) entry for serial number 11 is replaced; the Income tax (6th Amendment) Rules, 2015 take effect from the first day of April, 2015.

PAN/TAN application eligibility expanded to allow unregistered companies to apply using Form INC 7.
A proviso permits companies not yet registered under the Companies Act, 2013 to apply for allotment of Permanent Account Number and for allotment of a tax deduction and collection account number by using Form No. INC-7 specified for incorporation. The rules also expand acceptable proof of date of birth to include documents such as aadhar card, passport, driving licence, matriculation certificate, government photo identity cards, domicile and marriage certificates, pension orders, specific health service cards, and magistrate sworn affidavits; corporate identity number is accepted as registration proof.

Rescission of industrial park approval revokes prior notification affecting eligibility for tax deductions and withdraws operations transfer.
The Central Government, invoking clause (iii) of sub section (4) of section 80 IA read with section 21 of the General Clauses Act, 1897, rescinds the Gazette notification that had notified M/s Meenakshi Infrastructure Private Ltd. as an Industrial Park, on account of the undertaking's failure to comply with the Industrial Park Scheme and related approval conditions; the rescission is effective from 21st August 2006.

Section 10(46) exemption for Punjab State Electricity Regulatory Commission covers regulatory fees and interest as non taxable subject to conditions.
Notification under Section 10(46) exempts specified receipts of the Punjab State Electricity Regulatory Commission for 2011-12 to 2015-16, limited to processing fees for tariff determination, licence fees, petition fees, and interest on bank deposits, subject to conditions that the Commission does not engage in commercial activity, its activities and specified income remain unchanged during the years, and it files returns as required by clause (g) of sub-section (4C) of section 139.

Exemption under section 10(46): specified income of Haryana Electricity Regulatory Commission exempted subject to non-commercial and filing conditions.
Notification under section 10(46) designates the Haryana Electricity Regulatory Commission as a notified Commission for specified income comprising grants and loans from the Government of Haryana, fees under the Electricity Act, 2003, and interest on those amounts, subject to conditions that the Commission not engage in commercial activity, that its activities and the nature of the specified income remain unchanged, and that it files its return of income as required by clause (g) of sub-section (4C) of section 139.

Tax exemption for specified income of Rajasthan State Pollution Control Board applies subject to non commercial operation and return filing.
Notification under section 10(46) exempts specified income of the Rajasthan State Pollution Control Board - government grants, license fees and fines, and interest on those amounts - subject to conditions that the Board not engage in commercial activity, that its activities and nature of specified income remain unchanged, and that it files returns as required by clause (g) of sub-section (4C) of section 139.

Extension for filing Form 3CEDA granted; agreements may be revised to include rollback provisions within the prescribed filing period.
The amendment to rule 10MA(5) allows Form No. 3CEDA, with proof of payment of the additional fee, to be filed by the extended deadline for applications or agreements filed or entered into by the prescribed cut-off; agreements entered into by that cut-off may be revised to include a rollback provision notwithstanding rule 10Q.

Income Computation and Disclosure Standards: mandatory standards for mercantile-accounting assessees computing business and other income.
Notification under section 145(2) prescribes Income Computation and Disclosure Standards (ICDS) for assessees following the mercantile system of accounting to compute income under "Profit and gains of business or profession" and "Income from other sources," superseding the prior 1996 notification and prescribing specific standards on accounting policies, inventory valuation, construction contracts, revenue recognition, tangible fixed assets, foreign exchange effects, government grants, securities, borrowing costs, and provisions and contingent items.

Recruitment and conditions of service for Settlement Commission members set selection, retirement, remuneration, and tenure rules.
Appointment to Chairman, Vice Chairmen and Member posts is confined to specified serving officers and made by the Central Government on recommendation of a Selection Committee. Serving officers must retire from parent Central Government service before joining and, on such retirement, are entitled to pension, gratuity and commutation under prior rules and cash equivalent for earned leave subject to an overall encashment cap. Remuneration and allowances align with Group A equivalents, reduced by any pension receipts, and contributory provident fund contributions are permitted under non pensionable conditions. Tenure is fixed with limits and no reappointment; other service conditions mirror equivalent Group A officers.

Tax exemption for state social security board income notified subject to non-commerciality and specified filing conditions.
The Central Government notifies that the West Bengal Transport Workers' Social Security Scheme is exempt under clause (46) of section 10 of the Income tax Act in respect of government grants; cess under the West Bengal Motor Transport Workers' Welfare Cess Act and rules; registration and renewal fees from beneficiaries; and interest on fixed deposits, for financial years 2014 15 to 2018 19, subject to no commercial activity, unchanged activities and income nature, and filing returns as required by clause (c) of section 139(4C).

Tax exemption for welfare board incomes limited to specified receipts and compliance conditions under notification.
Notification recognizes the Chhattisgarh Building and Other Construction Workers' Welfare Board and notifies as exempt specified income consisting of workers welfare cess, interest income and registration fee, for the stated financial years, subject to conditions.

Tax exemption for central grants: Maharashtra State AIDS Control Society's grants exempted subject to non commercial and return filing conditions.
The Central Government notifies an Income-tax exemption for the Maharashtra State AIDS Control Society in respect of specified income comprising grants-in-aid received from the Central Government, covering specified past and future financial years. The exemption is subject to conditions: no engagement in commercial activity; continuity in activities and character of specified income; and filing of income return as prescribed, with grants to be received and applied under prevailing rules.

Tax exemption for regulatory commission: specified income exempted subject to non-commercial and filing conditions.
Central Government notifies Bihar Electricity Regulatory Commission that specified income - Government grants, licence fees from electricity licensees, application processing fees, and interest on such grants and fees - is recognised for the purposes of clause (46) of section 10 of the Income tax Act; notification applies for the stated financial years and is conditional on the Commission not engaging in commercial activity, maintaining unchanged activities and income character, and filing returns as required under clause (e) of sub section (4C) of section 139.

Tax exemption under section 10(46) for specified incomes of Joint Electricity Regulatory Commission, subject to non commercial and filing conditions.
Notification under section 10(46) exempts specified incomes of the Joint Electricity Regulatory Commission for the State of Goa and Union territories-petition fees, licence fees and interest from bank deposits-for the financial years 2011-12 to 2015-16, subject to conditions that the Commission does not engage in commercial activity, that its activities and the nature of the specified income remain unchanged during those years, and that it files a return of income as required by clause (g) of sub section (4C) of section 139.

Tax exemption for Kerala Toddy Workers' Welfare Fund Board affirmed, subject to non-commercial activity and prescribed filing requirements.
Central Government notifies the Kerala Toddy Workers' Welfare Fund Board as eligible for tax exemption in respect of specified income consisting of sums under the Kerala Toddy Workers' Welfare Fund Act, members' contributions, and interest from bank deposits, applicable for a defined set of financial years and subject to conditions that the Board not engage in commercial activity, maintain unchanged activities and income character, and file returns as prescribed under the Act.