Place of public worship designation under section 80G: limited duration specification for repair and renovation only.
The Central Government specifies "Thuravoor Mahakshethram" as a place of public worship of renown under section 80G, limited to repair and renovation work subject to a fixed monetary ceiling and effective only until the notification's stated expiry date.

Deduction under section 36(1)(viii): approval requires housing finance company to maintain special reserve and annual audited filings.
Approval for deduction under section 36(1)(viii) is granted to a housing finance company on condition that its main object is providing long term finance for residential houses, it files annually audited accounts and the statement of deductions by the return due date, it creates and maintains the required special reserve, and it fulfils all other statutory conditions of the provision.

Approval under section 36(1)(viii): housing finance company eligible for deduction subject to audited accounts and reserve maintenance.
Approval is granted to M/s BOB Housing Finance Limited, Jaipur, under the Income-tax provision for housing finance companies, subject to conditions: the company's main object must be long-term housing finance; it must annually submit audited accounts and a statement of the deduction claimed by the return filing due date; it must create and maintain the required special reserve; and it must satisfy all other statutory conditions for the deduction.

Audit report requirements: prescribed report forms and a mandatory schedule of particulars standardise audit filings.
Prescribes that taxpayers already audited under any other law must furnish their audit report in Form No. 3CA, other taxpayers carrying on business or profession must furnish it in Form No. 3CB, and that the particulars required under the audit obligation must be furnished in Form No. 3CD; also substitutes these forms in the rules' appendix to standardise report format and particulars.

Foreign project definition: hydrocarbon exploration, exploitation, development and production abroad qualifies for deduction under the provision.
The amendment inserts a rule prescribing that, for purposes of the deduction for profits and gains from projects outside India under the relevant deduction provision, any project executing work of exploration, exploitation, development and production of hydrocarbons outside India shall be treated as a foreign project.

Certificate requirement for Section 80HHB deduction: Form 10CCAH and annexure mandate accountant certification and reserve disclosures.
A new sub rule requires that the accountant's certificate for claiming the deduction on profits from foreign projects be furnished in Form No.10CCAH. The Form requires examination of balance sheet and profit and loss account, confirmation of convertible foreign exchange receipts, certification that amounts credited to the Foreign Project Reserve Account were used only for business purposes other than distributions, and an annexure detailing computation of eligible profits, credits, utilisations and add backs. The certificate must be signed by a qualified chartered accountant or equivalent auditor and must state reasons for any negative or qualified answers.

Certificate for foreign inward remittance enables tax deduction eligibility after bank and assessee certification under prescribed form.
Amendment inserts rule 29AA and prescribes Form No. 10HA as the certificate under the second proviso to section 80-O. Part A requires a bank certificate detailing remittance mode, remitter and remitting bank particulars, transfer reference, foreign and rupee amounts, exchange rate, purpose of remittance, and RBI-approved reimbursement statement. Part B requires the eligible assessee to declare inward remittance received, whether convertible foreign exchange was brought into India within six months (or an authorised extension), specification of any amounts repatriated beyond that period with competent authority approval, and a certification that the deduction claimed is correctly made.

Specification under section 80L of Income-tax Act: Industrial Development Bank of India Flexibond-4 series bonds specified for tax purposes.
The Central Government specifies, under clause (ii) of sub-section (1) of section 80L of the Income-tax Act, three categories of IDBI Flexibond-4 Series bonds-Regular Income Bonds (IFR 000001-2323135), Growing Interest Bonds (IFG 3000001-3135980), and Educational Bonds (IFE 5000001-5021078)-each of face value five thousand rupees, issued by Industrial Development Bank of India, Mumbai, a corporation established under section 3 of the IDBI Act, 1964.

Tax-free HUDCO bonds specified for income-tax exemption; entitlement conditional on holder registration with issuer.
Specification designates certain 8.75% HUDCO Bonds (Series VIII) issued by the Housing and Urban Development Corporation Limited as qualifying for exemption under the income-tax provision, with the tax benefit conditional upon the holder registering his name and holding with the Corporation.

Tax-free bonds under section 10(15)(iv)(h) are exempt provided each holder registers their holding with the issuer.
The Central Government specifies a 7-year, 8.25% tax-free bond issue by the National Bank for Agriculture and Rural Development as eligible under section 10(15)(iv)(h), identifying series, face value, total amount and distinctive serial numbers; the tax benefit is admissible only if each bondholder registers his name and holding with the issuing bank.

Tax deduction specification: designated bond series qualify for tax benefit under the income tax provision.
Central Government specifies three bond series issued in the Flexibond-4 public issue by Industrial Development Bank of India, Mumbai-Regular Income Bonds (IFR 000001-2323135), Growing Interest Bonds (IFG 3000001-3135980), and Education Bonds (IFE 5000001-5021078)-each of face value five thousand rupees, as qualifying instruments for the benefit under the cited clause of section 80L of the Income-tax Act, 1961.

Amendment to income tax notification: Container Freight Stations now expressly included within Inland Container Depot references.
Amendment revises notification terminology by substituting "Container Freight Station" for "Central Freight Station" and replacing the prior phrase with "Inland Container Depot including Container Freight Stations under the Customs Act, 1962," thereby aligning the notification's facility descriptions with containerised customs terminology under the income tax provision invoked.

Tax exemption under section 10(23C)(iv) recognised for Pune society, subject to income application and investment conditions.
Notification grants tax-exempt status under section 10(23C)(iv) to the Society for Service to Voluntary Agencies, Pune for assessment years 1999-2000 to 2000-2001, provided the society applies or accumulates income exclusively for its objects, confines investments to modes permitted by law (excluding voluntary contributions retained as jewellery or furniture), and excludes business profits from the exemption unless such business is incidental and recorded in separate books of account.

Recognition under section 10(23C)(iv) imposes exclusive income application, restricted investments, and limits on business income.
Notification recognizes Dahej Niwaran Avam Samaj Kalyan Parishad under section 10(23C)(iv) for specified assessment years, subject to conditions: the assessee must apply or accumulate its income wholly and exclusively to its objects; restrict investments and deposits (except certain voluntary contributions in kind) to permitted modes; and business income is excluded unless incidental to objects and maintained in separate books.

Section 10(23C)(iv) tax exemption: conditional recognition of charitable status subject to application, investment and business conditions.
The Central Government notifies Tibetan Homes Foundation under sub clause (iv) of clause (23C) of section 10 for the stated assessment years, subject to conditions: the assessee must apply or accumulate its income wholly and exclusively for its objects; funds may only be invested or deposited in the modes specified in sub section (5) of section 11 except voluntary contributions held as jewellery or furniture; and the notification excludes business income unless the business is incidental and accounted for in separate books.

Depreciation rates revised for new small dwelling buildings and intangible assets, altering allowable written-down value allowances.
Amendment revises depreciation schedules by creating Part A: Tangible Assets and adding a building category conferring a specified depreciation allowance for newly acquired small-plinth-area dwelling-unit buildings acquired within a defined acquisition window, effective from the rules' commencement. It also replaces the intangible-assets section with Part B: Intangible Assets and prescribes a specified written-down value allowance for know-how, patents, copyrights, trademarks, licences, franchises and similar business or commercial rights.

Approval under section 10(23G) grants tax-exempt status to listed infrastructure projects subject to compliance and withdrawal conditions.
Approval is granted to specified infrastructure projects under section 10(23G) read with rule 2E for assessment years 1999-2002, subject to compliance with the exemption provisions, maintenance and audit of books of account, furnishing of audit reports, and the Central Government's authority to withdraw approval upon cessation of infrastructure activity or failure to meet audit and reporting conditions.

Approval under section 36(1)(viii) enables tax-deduction eligibility for a housing finance company subject to compliance conditions.
Approval under section 36(1)(viii) is granted to Manraj Housing Finance Limited, Jalgaon, making it eligible to claim the deduction for providing long-term finance for residential housing, subject to the company's main object being housing finance, creation and maintenance of the required special reserve, annual submission of audited accounts and a statement of deductions before the due date for filing the return of income, and fulfillment of all other statutory conditions for claims under the provision.

Tax exemption notification under section 10(23C)(iv) subjects institutions to income application and permitted investment conditions.
Notification under section 10(23C)(iv) designates Swaminarayan Aksharpith, Ahmedabad as a notified institution subject to conditions: income must be applied or accumulated exclusively for its objects; investments and deposits must be limited to permitted forms; voluntary contributions may be retained as jewellery or furniture; and business income is excluded unless incidental to objects and recorded in separate books.

Approval under section 36(1)(viii) for housing finance deduction granted, subject to reserve and filing compliance.
Approval is granted to M/s Manraj Housing Finance Limited, Jalgaon, under section 36(1)(viii) of the Income-tax Act, 1961, subject to the company's main object of providing long-term finance for residential houses; annual filing of audited accounts and a statement of the deduction by the due date under section 139(1); creation and maintenance of the required special reserve; and fulfillment of all other conditions in section 36(1)(viii).