Tax exemption under section 35AC approved eligible projects, permitting specified deductions for listed institutional schemes.
Approval under Section 35AC is granted for two specified corporate-sponsored projects, each listing the institution, the eligible project or scheme, the estimated cost and the maximum amount of such cost allowable as a deduction. The first project concerns health, sanitation, drinking water, family planning, eye camps and energy income activities in District Kheri; the second concerns construction and furnishing of six classrooms with amenities at a government higher secondary school in Coimbatore. The notification limits the temporal scope of each approval to the assessment years stated.

Exemption under section 35AC: approval of listed institutions' projects permits specified deduction for eligible project costs.
Exemption under section 35AC approves specified institutions and designates eligible projects or schemes, providing estimated project costs and specifying the maximum amount of such cost allowable as a deduction. The notification lists project descriptions (construction, equipment, furnishing, running expenses), records estimated costs and deductible ceilings for each institution, and limits the notification's force to specified assessment years while noting subsequent substitutions and amendments to certain entries.

Tax exemption notification grants qualified charitable status subject to application, investment and incidental business conditions.
Notification under sub-clause (v) of clause (23C) of section 10 notifies Swargashram Trust, Rishikesh, for assessment years 1993-94 to 1995-96 subject to conditions: income must be applied or accumulated wholly and exclusively to the trust's objects; investments of funds during the relevant previous years are limited to modes specified in section 11(5) except voluntary contributions held as jewellery, furniture, etc.; and business income is excluded unless incidental to objectives with separate books maintained.

Charitable exemption under section 10(23C)(v) conditioned on exclusive application of income and prescribed investment modes.
Notification under section 10(23C)(v) recognises Diocese Chandigarh for specified assessment years provided it applies or accumulates income wholly and exclusively to its objects, limits investments or deposits to modes specified in subsection (5) of section 11 (excluding voluntary contributions retained as jewellery or furniture), and excludes business income unless incidental to objectives with separate books maintained.

Section 35AC eligibility extended for school for mentally disabled children, maintaining project status under tax exemption rules.
Central Government notification under section 35AC extends the specification of the scheme of running a school for mentally retarded children by Sabarkantha Charitable Trust as an eligible project for a further period of three assessment years, the National Committee having recommended the extension under the Income-tax Rules; the extension is specified to commence from the assessment year 1996-97 and identifies project locations and an estimated project cost.

Section 35AC eligibility extended for International Stadium project, extending tax-exempt status for further assessment years.
The Central Government notifies the International Stadium project executed by the Greater Cochin Development Authority as an eligible project or scheme under the Income-tax Act, following a National Committee recommendation, and specifies its eligibility for a further two assessment years commencing from the assessment year 1996-97 at an estimated project cost of one thousand lakhs.

Section 35AC amendment raises the approved project ceiling for Karnataka Badminton Association under the notification.
Under Section 35AC and the Explanation thereto, the Central Government issued an amendment to Notification S.O. 740(E) (12 October 1994) by S.O. 823(E) (29 September 1995) replacing the maximum approved project cost figure in the notification's table for the Karnataka Badminton Association; the amendment is limited to substituting a higher approved ceiling for that association's project cost in the specified column.

Correction to income tax notification: table entry amended to replace a stated monetary figure with an increased figure.
Corrigendum to S.O. 15(E) dated 11th January, 1994 (published in the Gazette) directs that at page 4, against serial number 12, in column (4) of the Table the previously stated monetary figure be read as a higher monetary figure; published as S.O. 822 (E) dated 29th September, 1995 by the Ministry of Finance (Department of Revenue).

Specified mutual fund schemes under Section 194K: government lists SBI and GIC plans affecting unitholder payment treatment.
The Central Government, under clause (iii) of sub section (2) of section 194K of the Income tax Act, specifies particular SBI and GIC mutual fund schemes as schemes to be regarded for purposes of the plan of payment of income to unitholders, listing SBI schemes described by minimum return assured and post dated cheques and GIC schemes with stated subscription periods and redemption dates.

Specified bonds under Section 80L: taxable secured redeemable nonconvertible bonds designated for prescribed tax treatment.
Central Government designates a specific issue of secured, redeemable, non convertible bonds issued by the Northeastern Electric Power Corporation Limited for the purposes of Section 80L, identifying the instruments by denomination, stated taxable coupon, seven year tenure, distinctive number ranges and aggregate quantum so that that tranche is treated within the statutory specification under the provision.

Tax-free bond specification under section 10(15)(iv)(h) exempts REC bonds from income tax, subject to registration with issuer.
Statutory exemption provision specifies a series of 9.35% tax-free bonds issued by a designated public power-sector issuer, identified by distinctive numbers and denomination; the tax exemption is conditional upon the bondholder registering their name and holding with the issuing corporation.

Tax exemption under section provision granted conditionally to a sports federation subject to application and investment limits.
The Central Government notifies the Federation of Motor Sports Club of India, Madras, under clause (23) of section 10 for assessment years 1995-96 to 1997-98, conditioned on application or accumulation of income in conformity with subsections (2) and (3) of section 11 as modified by clause (23), limitation to prescribed modes of investment or deposit (with specified exceptions for certain voluntary contributions), prohibition on distributing income to members except as grants to affiliated bodies, and non-application to business profits unless incidental to objects with separate books maintained.

Tax-free bonds specified: secured redeemable non-convertible bonds issued with tax exemption subject to holder registration.
Central Government specifies 10.5% per annum Tax-free Secured Redeemable Non-convertible Bonds under item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, 1961, authorising a tax exemption for interest on such secured, redeemable, non-convertible bonds. The notification identifies distinctive serial ranges, sets the face value at one thousand rupees each and conditions the exemption on the holder registering name and holding with the issuing corporation.

Tax-free bond specification conditions exemption on holder registration for specified secured redeemable non-convertible bonds.
Central Government specifies certain Power Grid Corporation secured redeemable non-convertible bonds as tax-free under item (h) of sub-clause (iv) of clause (15) of section 10 of the Income-tax Act, identifying the issue by distinctive numbering and unit value; the exemption is admissible only if the bondholder registers his name and holding with the issuer.

Specified bonds under section 80L: long-term taxable POWERGRID bonds designated for income-tax recognition under the Act.
Central Government specifies a class of taxable secured redeemable non convertible bonds for purposes of the income tax law under clause (ii) of sub section (1) of section 80L, identifying the instruments by tenor, taxable status, security, non convertibility, denomination and serial numbering and formally designating that issuance as within the statutory category.

Exemption under section 35AC approves institutions, lists eligible projects and specifies maximum deductible project costs.
Notification under section 35AC approves specified institutions and their named projects as eligible for deduction, records estimated project costs and the maximum amount allowable as a deduction for each project, and sets the period of validity for particular entries; amendments to several cost figures and entries are recorded in the accompanying notes.

Corrigendum to DTAA wording corrects multiple typographical and textual errors to preserve treaty clarity and operability.
The corrigendum for the Double Taxation Avoidance Agreement notification corrects multiple typographical and textual errors in the published instrument by specifying precise word substitutions across articles and pages, restoring intended terms and grammar (for example replacing misspellings such as "esterprise" with "enterprise" and "comporate" with "corporate"). These edits are textual corrections to the notification and serve to align the published treaty text with its intended wording without introducing substantive changes to treaty obligations.

Tax exemption for HUDCO bonds available when bondholders register their name and holding with the issuer.
Central Government specifies tax-exempt 9.25% HUDCO Bonds (Series IV-A) under item (h) of sub-clause (iv) of clause (15) of section 10, identifying series, distinctive number range and denomination issued by the Housing and Urban Development Corporation; the tax-free benefit is admissible only if the holder registers name and holding with the issuing corporation.

Exemption under section 35AC: approval of corporate-funded school construction projects enabling tax deduction for specified eligible projects.
Approval under section 35AC designates the named company and specifies an eligible project-construction of school buildings in ten identified villages-together with the estimated project cost and the maximum amount of that cost allowable as a deduction under section 35AC, and limits the approval's operation to the three assessment years specified in the notification.

Specified unit trust schemes designated for withholding under income tax facilitate prescribed plan-based payments to unitholders.
The Central Government specifies certain Unit Trust of India Monthly Income, Growing Monthly Income and Deferred Income schemes as specified schemes under section 194K(2)(iii), listing each scheme with its subscription period and redemption date to identify arrangements for plan based payments to unitholders subject to the withholding regime.