Section 10(23C)(iv) notification grants tax exempt status to a charitable trust subject to application, investment, business and filing conditions.
Central Government notifies Anandashram Trust, Kanhangad under section 10(23C)(iv) for assessment years 1999-2000 to 2001-2002, subject to conditions: income must be applied or accumulated wholly and exclusively to the trust's objects; investments and deposits are limited to forms specified in section 11(5) (excluding certain voluntary contributions retained as jewellery or furniture); exemption excludes business profits unless business is incidental and separate books are maintained; and the trust must regularly file income tax returns.

Tax exemption under charitable notification: Archery Association granted tax-exempt status subject to application, investment, distribution and business conditions.
Notification treats the Archery Association of India as eligible under clause (23) of section 10 for the stated assessment years subject to conditions: income must be applied or accumulated exclusively for the association's objects in line with section 11(2) and (3) as modified; investments and deposits are limited to forms in section 11(5) except specified tangible voluntary contributions; income distribution to members is prohibited except grants to affiliated bodies; and business profits are excluded unless incidental and recorded in separate books.

Vocational education institutions in small towns and rural areas added to tax rules as eligible establishments.
Amendment adds item (o) to clause (i) of rule 11K in Part-II, sub-part F of the Income-tax Rules, 1962, to include the establishment and running of institutions for vocational education and training in rural areas or towns with small populations as a qualifying category; the amendment is made under Section 295 and comes into force on publication in the Official Gazette.

Professional gross receipts threshold excludes small practitioners from rule 6F application when receipts fall below statutory limit.
The substituted proviso excludes application of the sub rule where a person's total gross receipts in the profession do not exceed one lakh fifty thousand rupees in any one of the three years immediately preceding the previous year, or where a profession has been newly set up, if total gross receipts for the previous year are not likely to exceed that amount.

Tax exemption approval under education charity provision granted, subject to compliance and regular return filing.
Approval is granted to the Child Education Society, New Delhi, under sub-clause (vi) of clause (23C) of section 10 of the Income-tax Act, 1961 for the assessment years 1999-2000 to 2001-2002, provided the society conforms to and complies with that sub-clause read with rule 2CA of the Income-tax Rules, 1962, and regularly files its return of income in accordance with the Income-tax Act, 1961.

Tax exemption approval under section 10(23C)(vi) requires rule 2CA compliance and regular filing of income tax returns.
Approval was granted to Child Education Society, New Delhi, under sub clause (vi) of clause (23C) of section 10 for assessment years 1999-2000 to 2001-2002, conditional on conformity with that sub clause read with rule 2CA of the Income tax Rules, 1962, and on the society's regular filing of its return of income in accordance with the Income tax Act.

Tax exemption for news agencies under section 10(22B) applies after government specification for certain assessment years.
Central Government, exercising power under clause (22B) of section 10 of the Income tax Act, 1961, specifies United News of India as a news agency set up in India solely for collection and distribution of news for the purposes of that clause for the specified assessment years; the notification further requires the assessee to regularly file its return of income before the income tax authority in accordance with the provisions of the Income tax Act, 1961.

Tax exemption approval under section 10(23G) preserves tax-exempt status for specified infrastructure undertakings subject to compliance.
Approval is granted to specified enterprise and industrial undertakings for tax exemption under section 10(23G), read with rule 2E, for assessment years 1999-2002, subject to compliance with those provisions. The Central Government may withdraw approval if an undertaking ceases to provide an infrastructure facility, fails to maintain books of account and obtain an audit as required, or fails to furnish the required audit report.

Tax exemption for news agencies: specification of United News of India with mandatory regular income tax return filing requirement.
The Central Government specifies "United News of India, New Delhi" as a news agency under clause (22B) of section 10 of the Income-tax Act, 1961 for the assessment years 2000-2001 to 2002-2003, thereby treating it within the exempt category for those years. The notification additionally requires that the assessee shall regularly file its return of income before the income-tax authority in accordance with the Act.

Tax exemption notification requires exclusive application of income, restricted investments, incidental-business rule, and regular tax filing.
Central Government notifies the National Centre for Trade Information under section 10(23C)(iv) for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; investments are restricted to forms/modes specified in section 11(5) (excluding certain voluntary contributions held as jewellery or furniture); business income qualifies only if incidental with separate books maintained; and the assessee must regularly file income-tax returns.

Allocation of appellate jurisdiction assigns specified wards and ranges to designated Commissioners of Income-tax (Appeals), transferring pending appeals accordingly.
Directs designated Commissioners of Income-tax (Appeals) to exercise appellate jurisdiction over persons assessed to income-tax, surtax, interest-tax, gift-tax and wealth-tax within specified Wards, Circles and Special Ranges under the statutory conferral of powers, and states that all appeals in respect of persons assessable in those Wards/Circles/Special Ranges previously pending with other Commissioners will be transferred to the specified Commissioners of Income-tax (Appeals) as allocated in the Schedule, effective from the notified date.

Long-term specified securities: specified equity shares eligible for tax-deferral benefits subject to reinvestment and seven-year clawback.
Specifies equity shares of M/s D.C. Power Ltd. as long-term specified securities, limited to allotments within one year of publication and subject to the notified aggregate issue cap; investment must be made out of net consideration from transfer of a long-term capital asset. If the allotted shares are transferred, converted into money, or otherwise disposed of within seven years of allotment, the initial investment is chargeable to tax under the head "Capital Gains" in accordance with the governing provision.

Specified long-term securities: investment in identified equity shares qualifies for section 54EA but subject to three-year retention rule.
Central Board of Direct Taxes designates equity shares of M/s D.C. Power Ltd. as long-term specified securities under section 54EA, applicable to shares issued within one year and subject to an aggregate issue limit. Investment must be made from the net consideration of a transfer of a long-term capital asset. If the assessee transfers or converts the allotted shares into money or otherwise disposes of them within three years from allotment, the initial investment shall be chargeable to tax as capital gains under the said section.

Specified long-term securities eligibility under section 54EB: investment conditions and seven-year conversion triggering capital gains tax.
Specification of eligible long-term securities under section 54EB: particular equity and preference shares and bonds and debentures issued by a named public company, to be issued within one year from the notification and subscribed out of the net consideration arising from transfer of a long-term capital asset. If the assessee transfers or converts into money the specified securities allotted to him within seven years of allotment, the initial investment shall be chargeable to tax under the head Capital gains in accordance with section 54EB.

Long-term specified securities designation allows specified reinvestment for capital-gains relief, subject to a three-year clawback and source restriction.
Central Board of Direct Taxes designates certain equity and preference shares and bonds and debentures as long-term specified securities for purposes of reinvestment relief under Section 54EA, authorising a named company to issue specified instruments within one year up to a stated limit. Investment must be made out of net consideration from transfer of a long-term capital asset and if the allotted securities are transferred or converted into money within three years, the initial investment is chargeable to tax as Capital Gains.

Approval under Section 35(1)(ii): association research recognition subject to separate books, DSIR return by May, audited accounts by October.
Approval under Section 35(1)(ii) designates the International Advanced Research Centre for Metallurgy and New Materials, Hyderabad as an approved association for the stated period, subject to maintaining separate research accounts, filing an annual scientific research return to the Department by 31 May, and submitting audited annual accounts and audited research income and expenditure accounts to designated tax and administrative authorities by 31 October, alongside the regular income-tax return.

Investment in specified long-term securities may defer capital gains but becomes taxable if converted or transferred within seven years.
The notification specifies issuer-specific equity, preference shares, bonds and debentures as eligible long-term securities for investment of net consideration from a long-term capital asset transfer under section 54EB, subject to time-bound allotment limits, and provides that if such securities are transferred or converted into money within seven years of allotment the initial investment shall be chargeable to tax as a capital gain.

Reinvestment of long-term capital gains: specified securities permitted under section 54EA, subject to a three-year retention rule.
Specification of certain equity and preference shares and bonds and debentures as specified securities under section 54EA for reinvestment of net consideration from transfer of long-term capital assets, subject to a one-year issuance window and the requirement that investments be made from net consideration; if the allotted securities are transferred or converted into money within three years of allotment, the initial investment becomes chargeable to tax under the head Capital Gains in accordance with the section.

Long-term specified securities specified under section 54EB for reinvestment with issuance and recapture conditions applying.
The notification specifies equity shares of M/s Koshika Holdings Ltd. as long-term specified securities under section 54EB, permitting issuance within one year up to rupees 10 crores, provided the investment is made by an assessee out of net consideration from transfer of a long-term capital asset and in accordance with section 54EB.

Specified long-term securities under section 54EA: equity reinvestment allowed with three-year clawback triggering capital gains tax.
Central Board of Direct Taxes specifies equity shares of M/s Koshika Holdings Ltd. as long-term specified securities under section 54EA where shares issued within one year and up to the notified aggregate amount qualify provided the investment is made out of net consideration from transfer of a long-term capital asset, and a three-year clawback renders the initial investment chargeable to tax as "Capital Gains" if converted into money within three years of allotment.