Allocation of tax jurisdiction revised to reassign territorial areas and taxpayer classes, effective upon publication in the Gazette.
Amendment under section 120 substitutes specified Schedule I entries of Notification S.O. 733(E), redefining territorial jurisdictions, headquarters and classes of persons and cases for certain Commissioners of Income-tax (including detailed localities for Bangalore-II and district allocations for Davangere and multiple Kolkata divisions), allocating residents, persons with principal place of business and companies, and assigning specific categories of salaried and institutional employees to designated Commissioners; the rest of the notification remains unchanged and the amendment is effective from publication in the Official Gazette.

Corrigendum to notification: narrows project scope to construction and running of Sports Centre, replacing broader school project.
Corrigendum revises the cited notification by removing the phrase referring to construction and running of a school for economically weaker sections and rural poor and substituting the description to read solely as construction and running of Sports Centre, thereby narrowing the project description in paragraphs 1 and 4 of the original notification as published in the Gazette.

Tax exemption for charitable trust recognition requires exclusive application of income and restricted permitted investments.
Notification recognises the India Brand Equity Fund Trust for conditional tax-exempt status subject to: exclusive application or accumulation of income for its objects; investment and deposit restrictions limited to forms permitted by law; exclusion of business income unless incidental and separately accounted; regular filing of income-tax returns; and transfer of surplus and assets on dissolution to a charitable organisation with similar objectives.

Return filing under sub-section (4C) requires submission in Form No. 3A with the prescribed verification and format.
The amendment inserts reference to sub-section (4C) into rule 12(1) and adds clause (e) requiring persons required to file under sub-section (4C) of section 139 to submit their return in Form No. 3A and verify it in the manner indicated therein.

Research institution approval under section 35(1)(iii) requires separate research accounts and annual audited submissions and returns.
The University of Pennsylvania Institute for the Advanced Study of India is approved as an Institution under section 35(1)(iii) read with rule 6, subject to conditions: maintenance of separate books for research activities; annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May; and annual submission by 31 October of audited annual accounts and audited Income & Expenditure Account for research activities to the Director General of Income-tax (Exemptions), the Secretary, Department of Scientific & Industrial Research, and the local Commissioner/Director of Income-tax (Exemptions), besides filing the return of income to the designated Assessing Officer.

Section 10(23G) approval granted to L&T Infocity Ltd for an industrial park, conditional on compliance and audit requirements.
Approval is granted to M/s L&T Infocity Ltd for its industrial park project as an enterprise/industrial undertaking under the income-tax exemption provision read with the applicable rule, subject to compliance with that provision and the rule, including maintenance of books, audit by an accountant and furnishing the audit report; the Central Government may withdraw approval if the undertaking ceases infrastructure operations, fails to maintain audited accounts, or fails to furnish the audit report.

Tax exemption approval under section 10(23G) is conditional and may be withdrawn for failure to maintain or audit accounts.
Approval under section 10(23G) was granted to M/s Andhra Expressway Ltd for an approved BOT highway project, subject to conformity with the Income tax provision and applicable rule, maintenance of books, audit of accounts as required, and timely submission of the prescribed audit report; the Central Government may withdraw approval if the undertaking ceases the infrastructure activity, fails to maintain and audit accounts, or fails to furnish the audit report.

Charitable exemption recognition grants tax-exempt status to temple subject to operational, investment, accounting and dissolution conditions
The temple is notified for tax-exempt recognition for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively to its objects; investments and deposits are limited to permitted forms with an exception for voluntary contributions maintained as jewellery or furniture; business income is excluded unless incidental and separately accounted; regular filing of returns is required; and on dissolution surplus and assets must transfer to a charitable organisation with similar objectives.

Tax exemption for rehabilitation projects extended, specifying eligible scheme for provision of artificial limbs and related aids.
Specification under section 35AC extends tax-exempt eligibility to Bhagwan Mahaveer Viklang Sahayata Samiti's Jaipur rehabilitation scheme providing artificial limbs, aids, medicines, special shoes, financial assistance and self-employment support, following a National Committee recommendation; the scheme is specified for a further three-year period commencing assessment year 2003-2004.

Tax exemption under section 35AC: specified homeless shelter project gains extended eligibility and increased approved project cost.
Central Government specifies the Mother Krishnabai Rural Development Trust scheme for deduction under section 35AC, covering construction of homeless shelters, wells, a laboratory and welfare assistance in Kasargod District and other areas, and amends the earlier notification on the National Committee's recommendation to increase the maximum approved project cost eligible for deduction by substituting the prior cost entry in the notification table.

Exemption under section 35AC: eligible primary health project retained and approved cost increased by government notification.
Central Government specifies the Primary Health Project by Dalmia Bharat Seva Trust as an eligible project under section 35AC and, on the National Committee's recommendation that the project is properly executed and will extend beyond six years, amends the earlier notification to substitute the previously stated maximum allowable project cost in the Table with a higher approved amount for deduction purposes.

Section 35AC extension: hospital construction and maintenance project specified as eligible for an additional three-year period.
The Central Government specifies the Construction of Doctors' Quarters, Physiotherapy Centre, equipment and maintenance of Revabai General Hospital by Shree Sardhav Gram Vikas Mandal as an eligible project or scheme under section 35AC for a further period of three years commencing from the assessment year 2003-2004, following the National Committee's recommendation that the project is being executed properly; the specification notes the executing body, scope of works and the estimated project cost.

Exemption under section 35AC expanded to cover a substantially enlarged vocational training scheme and increased eligible project cost.
The Central Government specifies and amends the approved Sterlite Foundation scheme for setting up and running vocational training centres, substituting the project description to reflect a substantial expansion in the number of centres and revising the approved estimated project cost inclusive of a corpus fund; the notification also substitutes the table entry for the maximum amount of cost to be allowed as a deduction to equal the revised estimated cost plus the corpus fund.

Exemption under section 35AC: notification increases corpus fund limit for charitable vocational school for hearing impaired children.
The Central Government specifies the vocational training and rehabilitation school for hearing-impaired children at Adipur, Kutch, run by Mata Lachmi Rotary Charitable Society as an eligible project under section 35AC and amends the earlier notification to substitute the corpus fund amount in the Table with a corpus fund of Rs. 24.28 lakhs as the maximum cost allowable for deduction, following the National Committee's recommendation and without changing the overall approved cost.

Approval under section 35AC: specified institutions' project costs eligible for deduction across designated assessment years.
Approval under section 35AC lists specific non-profit institutions, specifies eligible projects or schemes (such as corpus funds, educational and health facilities, microloan projects, integrated development and animal welfare), and sets the maximum project cost allowable as a deduction. The notification links each approved project to particular assessment years, creating time-limited deduction eligibility and capped deductible amounts for contributions to those projects.

Tax exemption approval under section 10(23G) subject to withdrawal for failure to maintain or furnish audited accounts.
Approval was granted to M/s Pipavav Railway Corporation Private Ltd for its Broad Gauge Rail Link project as an eligible infrastructure enterprise for specified assessment years, subject to compliance with tax-exemption provisions and prescribed audit and recordkeeping requirements; the Central Government may withdraw approval if the enterprise ceases infrastructure operations, fails to maintain audited books, or fails to furnish the required audit report.

Tax withholding notification designates Maulana Azad Education Foundation, modifying withholding obligations under income tax law.
The Central Government notified the Maulana Azad Education Foundation, New Delhi under sub clause (f) of clause (iii) of sub section (3) of section 194A by Notification No. 14 of 2003 dated 15 January 2003, designating the Foundation for the purposes of that withholding provision and recording the exercise of statutory power to classify the entity under the Income tax Act.

Section 194A notification: Tourism Finance Corporation of India Limited designated for purposes of the specified sub clause under the Act.
The Central Government issued Notification No. 13 of 2003 designating the Tourism Finance Corporation of India Limited for the purposes of section 194A, exercising the power conferred by the specified sub clause of clause (iii) of the subsection.

Tax exemption approval under section 10(23G) subject to compliance and withdrawal for failure to audit or operate.
Approval under section 10(23G), read with rule 2E, is granted to M/s L&T Transportation Infrastructure Limited for its Coimbatore bypass and associated bridge project, subject to compliance with statutory provisions, maintenance of books, statutory audit and furnishing of the audit report; the Central Government may withdraw approval if the undertaking ceases the infrastructure activity or fails to maintain, audit or report accounts as required.

Collection of information powers assigned to Commissioner of Income-tax (CIB), Mumbai for specified territorial classes of taxpayers.
The amendment substitutes the Schedule entry for serial number 2 to designate the Commissioner of Income-tax (CIB), Mumbai as the authority for the area covering the Mumbai Municipal Corporation, Greater Mumbai and Navi Mumbai Municipal Corporation, specifying three classes of persons (resident non-company non-business income earners; non-company business income earners with principal place of business in the area; and companies with registered office in the area) and conferring upon that Commissioner all powers and functions for collection of information in respect of those persons.