Exemption under section 35AC: specified hospital project's eligibility extended following administrative recommendation and notification.
The Central Government specifies continuation of tax relief for the Indian Medical Centre's 100 bed hospital project at Perumalpuram as an eligible project or scheme, following recommendation by the National Committee for Promotion of Social and Economic Welfare; the specification extends the project's eligible status for three years beginning in the financial year 2004-2005 without changing the approved project cost, noting the project is likely to extend beyond eight years.

Tax exemption for specified HUDCO tax-free bonds confirmed, subject to holder registration of name and holding with issuer.
Central Government specifies "5.15% Housing and Urban Development Corporation Limited Taxfree Bonds Series XXXIV" as exempt under clause (15)(iv)(h) of Section 10 of the Income tax Act; the issue is described by aggregate amount, face value, interest rate, ten year tenor, distinctive numbers 001-500 and issuance in 2003-04 by Housing and Urban Development Corporation Limited. The exemption is subject to the condition that the holder registers his or her name and holding with the Corporation.

Tax free bonds specified for HUDCO issuances confer exemption under Section 10(15)(iv)(h) subject to holder registration.
The Central Government specifies HUDCO bond series issued in 2002-2003 as qualifying for exemption under clause (15)(iv)(h) of Section 10, setting allotment dates, ten-year redemption, interest rates, aggregate amounts, distinctive serial numbers and face value per bond; the exemption is available only if the bondholder registers name and holding with HUDCO.

Presence threshold for source-state taxation adjusted to aggregate days in the relevant previous or calendar year, modifying treaty application.
Amendment replaces clause (b) of paragraph 1 of Article 15 to treat a recipient as present in the other State when present for an aggregate period exceeding one hundred and eighty-three days in the relevant previous year (India) or calendar year (Philippines). The change was agreed by the competent authorities and takes effect from publication of the notification in the Official Gazette, enacted under the Central Government's powers under the income-tax statute.

Tax exemption approval renewed for infrastructure BOT project, subject to concession agreement compliance and audit obligations.
Renewal of approval has been granted to M/s GMR Tuni Anakapalli Expressways Pvt. Ltd. for an infrastructure BOT project for the concession period specified in the concession agreement, conditional on conformity with the income tax exemption provisions and rules. The approval is subject to carrying on the eligible business, maintaining and auditing books of account, furnishing prescribed audit reports, and developing, operating and maintaining the infrastructure facility as required; the Central Government may withdraw approval for failure on these grounds.

Tax-exemption approval under section 10(23G) renewed for specified power plant, subject to compliance and audit requirements.
Renewal of approval under section 10(23G) read with rule 2E is granted to M/s LVS Power Limited for its specified power plant, conditional on conformity with the statutory provisions, maintenance of books of account, obtaining an accountant's audit and furnishing the required audit report; approval may be withdrawn if the undertaking ceases to carry on the eligible business or fails to meet the audit or reporting requirements.

Tax exemption under section 10(23C)(iv) notified for Netaji Research Bureau, subject to compliance, investment limits and reporting.
Tax exemption under clause (23C)(iv) of section 10 is accorded to Netaji Research Bureau, Kolkata for the assessment years specified, subject to conditions requiring exclusive application or accumulation of income for its objects, restricted modes of investment as permitted by law, exclusion of business income unless incidental and separately accounted, regular filing of income-tax returns, and transfer of surplus and assets to a charitable organisation with similar objectives on dissolution.

Tax-exempt status requires exclusive application of income, restricted investments, separate business accounts, and transfer of surplus on dissolution.
The notification recognises the fund as qualifying for tax-exempt charitable status for specified assessment years provided it applies or accumulates income exclusively for its objects, confines investments to legally permitted forms (excluding certain held voluntary contributions), treats business profits as excluded unless incidental and separately accounted for, files returns regularly, and on dissolution transfers surplus and assets to a similarly purposed charitable organisation.

Approval under section 35(1)(ii) recognizes NABL as an Institution; requires separate research accounts and annual reporting.
Approval is granted to the National Accredition Board for Testing & Caliberation Laboratories as an Institution under the income tax provision for scientific research for the period 2.9.2000 to 31.3.2003, subject to maintaining separate books for research (except associations), furnishing an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research to designated tax and DSIR authorities by 31 October, in addition to filing the return of income; renewal applications must be filed in triplicate through tax authorities and sent to the Secretary, DSIR.

Tax exemption under section 10(23G) renewed for BOT highway project, conditional on compliance, audit and operation obligations.
Approval is renewed to M/s GMR Tambaram Tindivanam Expressways Pvt. Ltd under section 10(23G) read with rule 2E for the specified BOT highway project from AY 2005-06 to AY 2020-2021, subject to developing, operating and maintaining the facility per the concession agreement and the conditions that the enterprise maintain books, obtain an audit and furnish the audit report; failure to carry on the eligible business or to comply with audit and maintenance requirements will result in withdrawal of approval.

Approval under section 35(1)(iii) recognises research institution status and mandates separate accounts, annual returns and audited filings.
Approval under section 35(1)(iii) recognises M/s Auroville Foundation Bharat Nivas as an institution for research exemption from 1 April 2003 to 31 March 2006, subject to maintaining separate books for research, filing an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research to specified tax and scientific authorities by 31 October each year, in addition to the income-tax return; renewal applications must be filed in triplicate through the Commissioner/Director and sent to the Secretary, DSIR.

Research expenditure approval under section 35(1)(iii): requires separate research accounts, annual DSIR return, and audited research accounts submission.
Approval is granted to M/s Auroville Foundation Bharat Nivas as an Institution under clause (iii) of sub-section (1) of section 35 of the Income Tax Act, subject to maintaining separate research accounts (except for Associations), filing an annual return of scientific research activities to the Secretary, DSIR by 31 May, and submitting audited annual accounts and an audited Income & Expenditure Account for research activities to designated tax and DSIR authorities by 31 October each year, in addition to filing the return of income; renewal applications must be submitted in triplicate through tax authorities and directly to the Secretary, DSIR.

Exemption under Section 35AC: Helpage India scheme specified for extended eligibility and amended approved project cost.
The Central Government specifies Helpage India's scheme for medical care to elderly, leprosy and cancer patients, provision of homes, rehabilitation of destitute old women and eye camps as an eligible project under section 35AC for a further three years commencing with financial year 2004-2005, and amends the earlier notification to increase the approved maximum project cost.

Exemption under section 35AC designates approved institutions and capped project deductions for specified financial years.
Approval under Section 35AC designates specific institutions and projects, specifying for each the estimated project cost, any corpus component and the maximum portion of that cost allowable as a deduction; the approvals are time limited to the financial years 2004-05 through 2006-07 and include administrative substitutions to published figures where applicable.

Tax exemption under section 10(23G) for an infrastructure BOT project granted, subject to rule 2E compliance and audit conditions.
Approval under section 10(23G) read with rule 2E has been accorded to M/s Nashik Infrastructure Developers Ltd for its BOT construction project on State Highway 141 for the stated assessment years, subject to continual compliance with section 10(23G) and rule 2E. The Central Government may withdraw approval if the enterprise ceases the eligible business, does not maintain audited books as required by sub rule (6) of rule 2E, or fails to furnish the required audit report.

Tax exemption approval under section 10(23G) remains subject to maintaining eligible business status and audit compliance.
Approval granted to M/s Ashoka Infraways Pvt. Ltd. for tax-exempt status for its Dewas Bypass Road BOT project, effective from assessment year 2003 04 to assessment year 2016 17 (up to 14 04 2015), based on the concession and substitution agreements. The approval is subject to compliance with statutory eligibility criteria, maintenance of books of account, and furnishing the required audit report; the Central Government may withdraw approval for cessation of eligible business, failure to maintain and audit accounts, or failure to furnish the audit report.

Approval under Section 10(23G) for BOT advertising undertakings is conditional on compliance and audit requirements.
Approval under Section 10(23G) read with Rule 2E is granted to M/s Ashoka Highway Ad for specified BOT foot over bridge projects with advertising rights for the periods set by the parties' BOT agreements; approval is conditional on compliance with eligibility rules, maintenance and audit of books as required by sub rule (6) of Rule 2E, and furnishing of the audit report, and may be withdrawn on cessation of eligible business or failure to comply.

Jurisdiction of Director of Income-tax (Inv.) redefined: Ludhiana covers Jammu and Kashmir and Punjab; Panchkula covers Haryana, Himachal and Chandigarh.
The amendment substitutes Schedule entries to reassign territorial jurisdiction: Director of Income-tax (Inv.), Ludhiana is designated jurisdiction over the States of Jammu and Kashmir and Punjab; Director of Income-tax (Inv.), Panchkula is designated jurisdiction over the States of Haryana and Himachal Pradesh and the Union Territory of Chandigarh.

Tax-free bonds for renewable energy permitted, with tax benefit conditional on holder registration and demat issuance.
The Government specifies Secured non-cumulative and non-convertible tax-free IREDA Energy Bonds in the nature of Debentures (Series-XI) issued in dematerialised form during the financial year 2003-04 for purposes of clause (15)(iv)(h) of Section 10 of the Income-tax Act; the tax benefit is admissible only if the bondholder registers their name and holding with the issuing corporation.

Tax-free bond specification: registration required to claim tax exemption on specified NEEPCO bonds issued by the corporation.
Specification under Section 10(15)(iv)(h) identifies three categories of secured non convertible redeemable tax free bonds issued by NEEPCO with specified issue amounts, face values, interest rates, maturities and distinctive serial numbers, and conditions the tax exemption on the holder registering his or her name and holding with the Corporation.