Tax exemption notification: Mar Thoma Syrian Church of Malabar recognised under clause 23C(v) of section 10, conditional.
Notification designates Mar Thoma Syrian Church of Malabar, Tiruvalla, as qualifying under clause (23C)(v) of section 10 subject to conditions: apply income wholly and exclusively to stated objects, restrict investments to forms permitted by Section 11(5) (except specified tangible voluntary contributions), treat business income as exempt only if incidental with separate books, regularly file returns, and transfer surplus and assets on dissolution to a charitable organization with similar objectives.

Charitable recognition under clause 23C(v) conditions tax-exempt status on compliance with income application, investment, filing, and dissolution rules.
Notification accords charitable recognition under clause (23C)(v) of section 10 subject to conditions that the institute apply or accumulate income wholly and exclusively for its objects, restrict investments to permitted modes (with limited exceptions for certain voluntary contributions), treat business income as inapplicable unless incidental and separately accounted, file income-tax returns regularly, and on dissolution transfer surplus and assets to a like charitable organisation.

Charitable status notification: Heart Care Foundation of India recognised under income tax clause, subject to specified compliance conditions.
Notification grants charitable tax recognition to the Heart Care Foundation of India, New Delhi, under clause (23C)(iv) of section 10 for specified assessment years subject to conditions: income must be applied or accumulated exclusively for its objects; investments and deposits confined to modes permitted by section 11(5) except certain in kind voluntary contributions; business income excluded unless incidental with separate books; regular filing of income-tax returns; and on dissolution surplus assets must transfer to a similar charitable organization.

Tax exemption for a notified association conditioned on exclusive application of income, permitted investments, business incidental test, and compliance filings.
Notification grants tax-exempt status to the Indian Association of Parliament Population and Development for the specified assessment years subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to forms permitted by Section 11(5) except voluntary contributions held as jewellery or furniture; exclude business income unless incidental with separate books; regularly file returns; and on dissolution transfer surplus and assets to a charitable organization with similar objectives.

Tax treaty application period adjusted to the calendar year, revising commencement provisions and aligning effective date accordingly.
References to a fiscal year commencing on the sixth of April are amended to the calendar year, and references to "the sixth of April in the year next following" in commencement provisions are read as the first day of January in the year next following, thereby aligning the Convention's application period and commencement mechanics with the calendar year. These changes are implemented by an Exchange of Letters incorporated into the notification, and the Note Verbale and reply constitute the agreement effecting the amendments upon mutual acceptance.

Tax-free bonds specified for rural housing finance; tax exemption subject to holder registration with the issuing bank.
Central Government specifies tax-free bonds issued under the Swarna Jayanti Rural Housing Finance programme for 2000-2001 as eligible for exemption; bonds carry a prescribed annual interest rate and ten-year tenure and were issued in a limited series identified by distinctive numbers. The tax benefit is admissible only if the holder registers his or her name and the holding with the issuing bank, this registration being the operative condition for entitlement to the exemption.

Tax treaty amendment: fiscal-year references changed to calendar year, making the DTAA effective from the calendar year's start.
Amendments to the India-Ireland Double Taxation Convention replace the fiscal-year references with the calendar year and reinterpret transitional references to the next year's fiscal start as the first day of January; India accepted these textual changes by Note Verbale and the exchange of notes constitutes agreement that the Convention's temporal application shall follow the revised transitional wording from its entry into force for all taxes covered.

Explanation to section 35AC extension allows continued tax-eligible specification for a kidney hospital project after positive recommendation.
Central Government specifies the construction, furnishing, purchase of instruments/equipment and running of B.T. Savalni Kidney Hospital by Saurashtra Kidney Research Institute as an eligible project under the Explanation to section 35AC for a further three years commencing with the assessment year 2003-2004, following a National Committee recommendation, and records the implementing entity and the estimated cost including a corpus fund.

Deduction under section 35AC approved for Iqbal Mohamed Trust project; eligible cost cap and two-year validity.
The Central Government, under the Explanation to section 35AC of the Income-tax Act and on National Committee recommendations, approves Iqbal Mohamed Trust for a Social Welfare and Environment Awareness Project (Light and Life Academy) and specifies eligible components (construction, equipment, books, furniture/fixtures, vehicles and running expenses), the estimated project cost and the maximum portion of that cost allowable as a deduction; the approval is time-limited to the two assessment years stated in the notification.

Name correction in Income Tax notification: organisation's name and address amended to AuroviUe Foundation, Bharat Nivas.
Corrigendum amends a prior Income Tax notification to read the organisation's name and address as 'AuroviUe Foundation, Bharat Nivas, Auroville-605101' instead of 'Auroville Foundation, Bharat Nivas, Pondicherry-605101'.

Approval under section 10(23G) infrastructure facility status enables tax benefit subject to accounting and audit compliance.
Approval under the Income-tax Act was granted to a diesel-engine power generation project as an infrastructure facility for specified assessment years, subject to statutory compliance. The approval is conditional on conformity with the Act and relevant Rules, maintenance of books of account, audit by a qualified accountant, and furnishing the required audit report, and may be withdrawn if the undertaking ceases to operate as an infrastructure facility or fails to meet the accounting and audit requirements.

Tax exemption approval under section 10(23G) for power projects contingent on compliance and audited accounts for specified years.
Approval under section 10(23G) is granted to North Eastern Electric Power Corporation Ltd. for specified assessment years for its Rangandi and Doyang hydro-electric projects, subject to compliance with section 10(23G) and rule 2E, including maintenance of books, audit by an accountant and furnishing of the audit report; the Central Government may withdraw approval if the undertaking ceases to carry on the infrastructure facility or fails the audit or reporting conditions.

Tax free municipal bonds designated; tax exemption available only if holders register their holdings with the issuer.
The Central Government specified Tax Free Municipal Bonds to be issued by the Municipal Corporation of Hyderabad for a fixed aggregate amount during the relevant financial year under sub clause (vii) of clause (15) of section 10 of the Income tax Act, 1961. The tax exemption is conditional: the benefit is admissible only if the holder registers his or her name and the holding with the issuing Municipal Corporation.

National Savings Certificates revised interest accruals and encashment amounts for certificates purchased on or after 1 March 2002.
Prescribes revised interest accrual and encashment rules for National Savings Certificates purchased on or after 1 March 2002: sets Rs.169.59 as the maturity encashment amount for Rs.100 certificates, lists annual interest accruals for six years (Rs.9.20; 10.05; 10.97; 11.98; 13.09; 14.29) with reinvestment deemed through year five, and adds a table of graduated early-encashment amounts for encashments after three years (Rs.124.62 to Rs.149.83 for Rs.100) with proportionate rates for other denominations.

National Savings Scheme: interest set at 9% for Mar 2001-Feb 2002; reduced to 8.5% from 1 March 2002.
The amendment prescribes that for 1 March 2001 to before 1 March 2002 interest is nine per cent per annum, allowed monthly on the lowest balance between the close of the tenth day and month-end and credited annually; from 1 March 2002 the same monthly calculation applies but at eight-and-a-half per cent per annum.

Post Office Monthly Income Account interest amended to 9% per annum for deposits made on or after 1 March 2002.
The amendment revises rule 8(1) of the Post Office (Monthly Income Account) Rules, 1987 by narrowing clause (f) to deposits made "the 1st day of March 2001 but before the 1st day of March, 2002" and inserting clause (g) to prescribe an interest rate of 9 per cent per annum for deposits made on or after the 1st day of March, 2002; the rules commence on publication in the Official Gazette.

Tax exemption under clause (23) of section 10 granted subject to application, investment and distribution conditions for specified years.
Notification designates the National Rifle Association of India for clause (23) of section 10 for the specified assessment years, conditioned on applying or accumulating income in line with Section 11(2) and (3) as modified, restricting investments to the modes in Section 11(5) (with specified exceptions for voluntary contributions), prohibiting distribution of income to members except grants to affiliated bodies, and excluding business profits unless incidental to objectives with separate books maintained.

Taxation of latex sale income: processed field-latex sales treated as business income and a portion deemed taxable.
Income from sale of centrifuged latex, cenex, latex-based crepes, brown crepes and technically specified block rubbers manufactured or processed from field latex or coagulum from rubber plants grown by the seller in India shall be computed as business income, and a specified portion of such income shall be deemed to be income liable to tax.

Approved research institution status requires separate research accounts and annual audited returns to tax and DSIR authorities.
Approval of Auroville Foundation as an Institution eligible for the tax provision for scientific research expenditure is subject to maintaining separate research accounts, furnishing an annual research return to the Department of Scientific & Industrial Research, and submitting audited annual accounts and audited income and expenditure accounts for approved research activities to specified tax and DSIR authorities by the prescribed annual deadlines; renewal applications must be filed in triplicate through the tax exemptions authority and directly to DSIR.

Research institution approval under section 35(1)(ii) requires strict reporting, audited accounts, and renewal compliance.
Institution approval under section 35(1)(ii) is granted to Auroville Foundation Bharat Nivas for 1 April 2000-31 March 2003, subject to maintaining separate research accounts, filing 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 scientific authorities by 31 October, in addition to the normal income tax return; renewal applications must be made in triplicate through the tax exemptions office and directly to the Department.