Exemption under Section 35AC extended for rural outreach eye care scheme, allowing eligible donations to qualify for deduction.
Specifies under Section 35AC the project "Gift of Vision, Phase II" by Sri Kanchi Kamakoti Medical Trust, Coimbatore, as an eligible project or scheme for tax exemption for a further three year period commencing assessment year 2001 2002, following the National Committee's recommendation based on proper execution; describes project scope and estimated cost.

Exemption under Section 35AC extended for Sankar Foundation hospital project by Central Government for further assessment years.
Central Government specifies Sankar Foundation's purchase of equipment and running of hospital projects at Visakhapatnam as an eligible project for exemption under section 35AC; the National Committee recommended extension after finding the project properly executed, and the Government, exercising powers under the Act, extends the specification for a further two assessment years commencing with the assessment year 2002-2003.

Exemption under section 35AC: extension granted for Karuna Setu Trust's hospital scheme for additional assessment years.
The Central Government specified and extended under section 35AC the Karuna Setu Trust's project of running a hospital, purchasing equipment and conducting welfare activities at Vadnagar, Mehsana District, Gujarat, as an eligible project for a further three assessment years commencing from assessment year 2002-2003, following the National Committee's recommendation and noting the project's estimated cost including a corpus fund.

Tax exemption under section 35AC approves specified charitable projects and caps allowable deductions for three institutions for three assessment years
Under section 35AC the Central Government approves specified charitable institutions and their projects as eligible for deduction, specifies estimated project costs and sets the maximum portions of those costs allowable as deductions; the notification lists three institutions with their respective project descriptions and maximum deductible cost amounts and is effective for a three-year period in relation to the designated assessment years.

Tax exemption notification conditions require exclusive application of income, restricted investments, separate accounting for incidental business.
Notification recognizes Maharashtra Gandhi Smarak Nidhi, Pune under section 10(23C)(iv) for specified assessment years subject to conditions: income must be applied or accumulated exclusively for its objects; investments restricted to forms specified in section 11(5) (voluntary contributions held as jewellery or furniture excepted); business profits excluded unless business is incidental and maintained in separate books; regular filing of income-tax returns required; and on dissolution surplus and assets must transfer to a charitable organisation with similar objectives.

Income-tax exemption under section 10(23C)(vi) granted to a trust subject to prescribed application and investment conditions.
Notification under section 10(23C)(vi) designates St. Xaviers Education Trust, Mumbai, for exemption for assessment years 1999-2000 to 2001-2002 subject to conditions: apply income wholly to objects, invest only in permitted modes, treat business income as taxable unless incidental with separate books, file returns regularly, transfer surplus and assets on dissolution to a similar charitable organisation, and align investments with the modes specified in sub-section (5) of section 11 by the stipulated deadline.

Exemption under section 10(23C)(vi) granted to St. Xavier's Education Trust subject to income application, investment and accounting conditions.
Notification grants income-tax exemption under sub-clause (vi) of clause (23C) of section 10 to St. Xavier's Education Trust, Mumbai for assessment years 1999-2000 to 2001-2002 on conditions that income be applied exclusively to its objects, investments be made only in permitted modes (with limited exceptions for voluntary contributions in movable items), business income be incidental and separately accounted, regular income-tax returns be filed, surplus on dissolution be transferred to a like charitable organisation, and investments conform to permitted modes by the stated cut-off.

Charitable exemption: notification grants tax recognition to a child welfare council subject to application, investment and reporting conditions.
Notification under clause (23C)(iv) of section 10 recognises the West Bengal Council for Child Welfare, Calcutta for assessment years 2000-2001 to 2002-2003 subject to conditions: income must be applied or accumulated exclusively for its objects; investments limited to permitted forms except certain voluntary contributions retained as jewellery or furniture; business income excluded unless incidental and accounted separately; returns must be regularly filed; on dissolution surplus and assets must go to a charitable organisation with similar objectives.