Exemption under section 35AC extended for elderly care project, qualifying construction as eligible for tax relief.
Central Government specified the construction of Anand Niketan Vridh Sewa Ashram by Jan Kalyan Trust, Ghaziabad, to provide free accommodation to 159 persons above 60 at NOIDA as an eligible project under section 35AC, at an estimated cost of rupees one crore eleven lakhs, and extended the specification for a further three assessment years (1997-98 to 1999-2000).

Exemption under section 35AC extended for a charitable hospital construction project, keeping it eligible for tax benefits.
Central Government, relying on the rule based recommendation of the National Committee and its statutory power to specify eligible schemes for tax exemption, extended specification of Shree Bhagwat Vidyapeeth's construction of a 200 bedded Nirmay Tirth hospital with mobile dispensaries as an eligible project for three further assessment years - 1997 98 to 1999 2000 - noting the project's estimated cost and prior three year specification.

Exemption under Section 35AC: specified medical infrastructure project retains eligibility for additional assessment years.
Exemption under Section 35AC: the Central Government specifies the construction, furnishing and running of an OPD, Cobalt Therapy and Dental Hospital at Ahmednagar by Pravara Medical Trust as an eligible project for income tax exemption, relying on the National Committee's recommendation under the Income tax Rules and exercising powers under the Explanation to Section 35AC.

Exemption under section 35AC extended to SEWA Rural integrated rural development project for three further assessment years.
Central Government specifies the Integrated Rural Development project carried out by SEWA Rural, District Bharuch-covering health and medical services, vocational training for youth, women's income generation activities, promotion of cottage industries, and low cost housing assistance-as an eligible project for exemption under the Income tax Act following a National Committee recommendation, and extends that specification for three further assessment years with an estimated project cost of rupees four crores eighteen lakhs fifty thousand.

Section 35AC exemption extended for a rural women vocational training project, maintaining eligibility for income-tax benefits.
The Central Government specified the Andhra Mahila Sabha Trust Board's Training and Rehabilitation of Rural Women in Rangareddy District as an eligible project under Section 35AC for vocational training in specified trades, and, after a National Committee recommendation under rule 11M(5), extended that specification for two further assessment years, thereby continuing the project's entitlement to the income-tax exemption for the extended period.

Exemption under section 35AC extended to expansion and running of a tuberculosis hospital, prolonging eligible project status.
The Central Government specified the expansion and running of a Tuberculosis Hospital and Public Health Programme by Shree Kalyan Arogya Sadan T. B. Hospital and Medical Research Centre, Rajasthan, as an eligible project for tax exemption under Section 35AC, and, following the National Committee's recommendation that the project was properly executed, extended that specification for a further three assessment years, covering assessment years 1997-98 through 1999-2000.

Exemption under section 35AC allows deduction for an approved educational project by a corporate sponsor for specified assessment years.
The Central Government approves Jindal Aluminium Ltd. under section 35AC, specifying construction of school buildings in designated villages as the eligible project, the project's estimated cost and the maximum amount of that cost allowable as a deduction. The notification is operative for three assessment years (1997-98 to 1999-2000). A subsequent notification substituted the project description and the stated estimated cost.

Exemption under section 35AC: specified institutions and projects approved with fixed deductible project-cost ceilings and time limits.
Approval under section 35AC designates specified institutions and their identified projects as eligible for deduction by fixing, in a Table, each project's estimated cost and the maximum portion of that cost allowable as a deduction; the notification also sets differing temporal limits by serial number for the assessment years during which such deductions may be claimed and records later substitutional amendments to certain cost figures.

Permanent Account Number requirement made compulsory for specified taxpayers in designated regions, requiring timely application to tax authorities.
Compulsory application for allotment of a Permanent Account Number under the new series is required for persons assessed by specified income tax authorities in Delhi, Mumbai and Madras who lack a PAN or hold a PAN not under the new series and who: have total income above the basic exemption limit; carry on a business or profession with turnover, sales or gross receipts likely to exceed the stated threshold; or are required to furnish a return of income. Applications to the concerned Assessing Officer must be made within 1-30 June 1996 for assessment year 1996-97, and persons becoming newly liable thereafter must apply on or before 30 June in subsequent assessment years. Persons already allotted a PAN under the new series need not reapply.

Modification of tax-exempt recognition under clause 23C changes the notified assessment years for the charitable society.
The Central Government amends Notification No. 9890 (F. No. 197/117/95-ITA-I) dated 5 October 1995 under sub-clause (iv) of clause (23C) of section 10, substituting the words and figures "Assessment years 1991-92 to 1993-94" with "Assessment years 1996-95 to 1996--97" for Tagore Society for Rural Development, Calcutta.

Specification under section 80G: Shri Omkareshwar Temple Trust recognised as a public place of worship for tax purposes.
Central Government specifies Shri Omkareshwar Temple Trust, Mandhata, Madhya Pradesh, as a place of public worship for the purposes of Section 80G of the Income-tax Act, 1961, limited to recognition throughout the State of Madhya Pradesh and valid only for repair and renovation work subject to the stated expenditure ceiling.

Interest relief: Chief Commissioner or Director General may reduce or waive tax interest where return filed and tax paid.
The Chief Commissioner of Income tax and the Director General of Income tax may order reduction or waiver of interest under sections 234A, 234B and 234C in specified classes of cases, provided the assessee has filed the return for the relevant assessment year and paid the entire assessed tax except the interest sought to be reduced or waived; the authorities may impose additional conditions and must be satisfied on the facts that reduction or waiver is appropriate.

Double taxation avoidance treaty allocates taxing rights and relief, with permanent establishment rules, withholding limits, and information exchange.
Bilateral Convention to avoid double taxation and prevent fiscal evasion: applies to residents, specifies covered taxes, and defines key terms. Residency tie breakers use centre of vital interests for individuals and place of effective management for entities. Permanent establishment rules delineate attributable activities, exclusions and agency tests; business profits attributable to a PE are to be computed as if the PE were a distinct enterprise, subject to deduction rules and methodological consistency. Articles fix taxing rights and withholding ceilings for dividends, interest and royalties, provide capital gains and personal services rules, prescribe elimination of double taxation by exemption or credit, non discrimination, mutual agreement procedures and exchange of information, and set entry into force and termination modalities.

Approval under Section 36(1)(viii): company recognised for tax deduction purposes, subject to statutory compliance.
The Central Government has approved M/s. Power Finance Corporation Ltd., New Delhi, as a company for the purposes of the Income-tax Act provision governing specified deductions for the assessment years named in the notification, subject to the condition that the company shall conform to and comply with the requirements of that provision.

Double taxation relief: Convention allocates taxing rights, limits source taxation and provides credits plus dispute resolution mechanisms.
Convention allocates taxing rights between India and Italy, applies to residents and specified taxes, and defines key terms including tax residence and enterprise. It establishes the permanent establishment criterion with inclusions, exclusions and profit attribution on an arm's length basis; allocates taxation for immovable property, business profits, air and shipping, dividends, interest, royalties, capital gains and personal services; and prescribes elimination of double taxation by credit or deduction, a mutual agreement procedure for disputes, and an exchange of information mechanism, with a protocol clarifying reservations and entry into force provisions.

Specification under section 80G: temple designated as place of public worship for tax-deduction purposes, limited to approved repairs.
Central Government notification specifies Sri Prasanna Venkatachalapathy Temple, Gunaseelam, Musiri Taluk, Trichy District, Tamil Nadu, as a place of public worship of renown for the statutory tax-deduction provision, and limits the specification's validity to repair and renovation works as approved by the competent Commissioner and to the financial extent authorized in that approval.

Double taxation avoidance between India and the Philippines allocates taxing rights, limits withholding taxes, and mandates information exchange.
Bilateral Convention provides rules to prevent double taxation and fiscal evasion by allocating taxing rights between India and the Philippines, defining residence and permanent establishment, prescribing profit attribution and withholding tax limits on dividends, interest and royalties, permitting foreign tax credits (including treatment of incentive based exemptions), imposing non discrimination, and establishing mutual agreement and information exchange procedures subject to confidentiality and domestic law limitations.

Exemption for leave salary: government prescribes maximum limits for central employees retiring within specified periods.
The Central Government prescribes maximum exemption limits for the cash equivalent of earned leave salary payable to its employees on retirement under section 10(10AA)(ii), by specifying monetary ceilings in a Table tied to periods of retirement; the notification fixes the applicable ceiling for employees retiring within each stated period so that the tax exempt portion of leave salary is limited to the amounts listed.

Section 35AC project specification extended and project cost increased, preserving eligible status for the health scheme.
Central Government under section 35AC amended the specification of Cipla Cancer and AIDS Foundation's scheme-(a) Hospice for terminally ill cancer patients and (b) Palliative Care Training Centre-extending its eligible-project status for a further two assessment years commencing 1997-98 and increasing the approved project cost from Rs. 200 lakhs to Rs. 230 lakhs, following the National Committee's recommendation under rule 11M(5) that the project was properly executed.

Exemption under section 35AC extended for construction project as eligible scheme following National Committee recommendation.
Central Government specified the construction of Phase I of Bhagwan Mahaveer Cancer Hospital and Research Centre, Jaipur, as an eligible project under section 35AC for a further two assessment years commencing from assessment year 1997-98, following a National Committee recommendation that the project was being executed properly; the specification names the project sponsor, location and records the estimated cost at thirteen crore eighty lakhs rupees.