Tax exemption designation extends eligibility for donations to specified social welfare activities of Sanjivani Trust.
The Central Government designated Sanjivani Trust's social welfare activities-medical treatment, medicines, food to needy patients, books, educational kits, uniforms, and scholarships-as an eligible project for tax exemption under the specified-project provision, following the National Committee's recommendation that the project is properly executed. The specification is extended for a further three assessment years commencing with assessment year 2000-2001, with an estimated project cost and a separate corpus fund recorded in the notification.

Exemption under section 35AC: approved institutions and specified projects qualify for tax deduction for eligible project costs.
Approval designates specified charitable institutions and their listed projects as eligible for deduction, with the Central Government specifying each project's estimated cost and the maximum amount allowable as a deduction; certain projects include corpus funds within the approved cost and the notification limits the period of approval to specified assessment years for different serial entries.

Tax exemption approval for an educational institution granted, subject to statutory compliance for specified assessment years.
The Central Board of Direct Taxes approved Birla Institute of Technology and Science, Pillani, for tax-exempt recognition under the educational-institution provision for assessment years 1999-2000 to 2001-2002, conditional on the society's conformity with the relevant clause of the Income-tax Act and the associated income-tax rules governing such approvals.

Charitable exemption approval grants tax-recognition to an educational institution subject to statutory compliance obligations.
The Central Board of Direct Taxes approves Birla Institute of Technology & Science, Pillani (Rajasthan) under section 10(23C)(vi) of the Income-tax Act, read with rule 2CA of the Income-tax Rules, for the assessment years 1999-2000 to 2001-2002, provided the Society conforms to and complies with the provisions of sub-clause (vi) of clause (23C) of section 10 read with rule 2CA.

Industrial park tax incentive: eligibility and approval rules determine access to income tax benefits under section eighty i a.
Scheme under section 80I-A prescribes objectives, application procedure and approval routes for Industrial Model Towns, industrial parks and growth centres; establishes automatic approval criteria including minimum unit numbers, at least 66% allocable area for industrial use, a 10% cap on commercial use, limits on single-unit occupation, defined infrastructure expenditure minimums and eligible infrastructure items; requires separate foreign investment clearances; and provides non-automatic review by an Empowered Committee with power to impose conditions and withdraw approval for non-compliance.

Income tax exemption under section 10(23) granted subject to conditions on application, investment, distribution and business.
Notification grants income-tax exemption under Section 10(23) to the Gujarat Cricket Association for assessment years 1999-2000 to 2001-2002, subject to conditions requiring exclusive application or permissible accumulation of income for established objects, investment of funds only in modes specified by section 11(5) (with limited exceptions for certain tangible voluntary contributions), prohibition on distribution of income to members except as grants to affiliated institutions, and exclusion of business profits unless incidental and maintained in separate books.

Mutual fund issuance to NRIs: permitted with repatriation and remittance conditions for subscription and payout proceeds.
Mutual funds are permitted to issue units to NRIs and OCBs and to remit units abroad or make repurchase payments provided they comply with SEBI conditions and that subscription monies are received by inward remittance or debited to authorised non-resident accounts. Distinct rules govern investments on repatriation and non-repatriation bases, and dividend, interest and maturity proceeds must be remitted or credited to specified types of non-resident accounts consistent with the investment basis. Definitions of "Indian origin" and "Overseas Corporate Body" are included.

Tax exemption under section 10(23) granted subject to exclusive application of income and strict investment and business conditions.
Notification grants the Gujarat Cricket Association exemption under clause (23) of section 10 subject to conditions: income must be applied or accumulated exclusively for its objects in conformity with section 11; investments/deposits restricted to permitted forms except certain voluntary articles; no distribution of income to members except grants to affiliated bodies; and business profits are excluded unless incidental to objects with separate books maintained.

Approval under section 10(23C)(vi) grants conditional tax exemption to a foundation, subject to compliance.
Approval is granted to Narinder Mohan Foundation, New Delhi, under section 10(23C)(vi) of the Income-tax Act for specified assessment years, conditional on the foundation's conformity with the statutory sub-clause and the related procedural rule governing such approvals.

Approval under section 10(23G) grants tax benefit to listed infrastructure enterprises, subject to audit and compliance requirements.
Specified enterprises are approved for tax benefits under the income-tax provision for infrastructure facilities for assessment years 1998-99 to 2000-2001, subject to compliance with the provision and applicable rules, maintenance of books of account, obtaining and furnishing the required audit report, and continuation of infrastructure activity; the Central Government may withdraw approval upon cessation of the facility or failure to maintain or audit accounts or to furnish the audit report.

Tax exemption approval for an educational institution granted, subject to statutory and Income-tax Rules compliance.
Central Board of Direct Taxes grants administrative approval by notification S. O. 2115 dated 24-3-1999 to Sri Sathya Sai Institute of Higher Learning, Bangalore for income-tax exemption as an educational institution for the assessment years 1999-2000 through 2001-2002, subject expressly to conformity with the statutory provisions governing exemptions for educational institutions and the procedural requirements of the Income-tax Rules.

Income tax exemption under section 10(23C)(via) approved for a medical trust subject to compliance conditions.
The Central Board of Direct Taxes approves Sri Sathya Sai Medical Trust, Brindaban, Bangalore, under sub-clause (via) of clause (23C) of section 10 of the Income-tax Act, read with the Income-tax Rules, for specified assessment years, subject to the Trust conforming to and complying with the provisions of that sub-clause and the related rule.

Approval under section 36(1)(viii) requires housing finance company to maintain special reserve and annual audited filings.
Approval is granted to Andhra Bank Housing Finance Ltd. under the Income tax provision for housing finance companies, subject to the company having as its main object long term residential housing finance, annually filing audited accounts and the deduction statement before the return due date, creating and maintaining the required special reserve, and fulfilling all other statutory conditions.

Tax exemption under section 10(23G) approved for telecom project; conditioned on compliance, bookkeeping, and audit.
Approval is granted to the project of provision of cellular telecom services by Tata Communications Ltd. as an infrastructure facility enterprise for specified assessment years, conditional upon conformity with the Income-tax Act provisions and rules. The approval requires maintenance of books of account, audit by an accountant, and furnishing of the audit report; the Central Government may withdraw approval if the enterprise ceases the infrastructure activity or fails to maintain, audit, or furnish the required accounts and audit report.

Exemption from capital gains: seven year bank deposits, HUDCO bonds and repurchasable mutual fund units qualify for reinvestment relief.
The notification specifies qualifying long term assets for capital gains reinvestment: deposits of not less than seven years with SBI, its subsidiaries, corresponding nationalised banks, or cooperative banks; bonds redeemable after seven years issued by HUDCO; and units repurchasable after seven years issued by any mutual fund including the Unit Trust of India.

Tax exemption under section 10 clause limited by conditions on application, permitted investments, distributions, and business income accounting.
Notification grants tax exemption to the Bombay Hockey Association for specified assessment years under the relevant clause of section 10, subject to conditions: income must be applied or accumulated only for the association's objects in accordance with the rules on application and accumulation; investments or deposits (except certain voluntary contributions held as specified articles) are limited to permitted modes; income may not be distributed to members except as grants to affiliated institutions; business profits are excluded unless incidental to objectives and maintained in separate books.

Tax exemption approval under income-tax provisions granted to Reliance Telecom, subject to compliance and audit conditions.
Central Government granted an income-tax exemption approval to Reliance Telecom Limited for specified assessment years in respect of telecommunication service projects and licences, conditional on continued operation as an infrastructure facility and compliance with income-tax rules, including maintenance of books of account, audit by a qualified accountant and furnishing the prescribed audit report; the Government may withdraw approval if the enterprise ceases infrastructure operations or fails to maintain or audit accounts or supply the audit report.

Tax-exempt infrastructure approval granted to Upper Krishna Project subject to compliance, audit and continuity conditions.
Approval is granted to the Upper Krishna Project of Krishna Bhagya Jala Nigam Ltd. by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 1998-99, 1999-2000 and 2000-2001, subject to conformity with those provisions and with withdrawal of approval if the enterprise ceases to carry on infrastructure facility, fails to maintain books of account and get them audited as required by sub-rule (7) of rule 2E, or fails to furnish the audit report required by that sub-rule.

Tax exemption under section 10(23G) granted with compliance and audit conditions; approval withdrawable on noncompliance.
Central Government approved Daewoo Power Ltd. under section 10(23G) read with rule 2E for its Korba thermal power project, subject to compliance with the statutory provisions and the maintenance and audit of books of account; the Government may withdraw approval if the enterprise ceases to carry on an infrastructure facility, fails to maintain or audit accounts, or fails to furnish the required audit report.

Section 35CCB approval granted to Vanarai for conservation work, subject to specified accounting and reporting obligations.
Approval is granted to Vanarai, Vijayanagar, Pune for its conservation programme for the period 1 4 1998 to 31 3 1999 subject to conditions: maintain a separate account for donations, furnish a progress report for 1998 99 by the prescribed deadline, and submit annual audited accounts showing total income and liabilities, with copies to the prescribed authority and the concerned Commissioner of Income tax.