Tax exemption under section 10(23C)(v) granted to association, conditional on income application and statutory compliance.
Notifies the Sri Sri Thakur Ram Chandra Dev. Association, New Delhi under section 10(23C)(v) for assessment years 1999-2000 to 2001-2002, subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to modes permitted by the Act (excluding certain retained voluntary contributions); exclude business income unless incidental with separate books; and regularly file income-tax returns in accordance with the Act.

Charitable exemption notified for Sant Nirankari Mandal subject to conditions on application of income and investment modes.
Notification grants Sant Nirankari Mandal, Delhi exemption under the tax provision for specified assessment years, subject to conditions: income must be applied or accumulated wholly and exclusively to institutional objects; investments and deposits are restricted to forms specified by law (excluding certain voluntary contributions held as assets); business income is excluded from the notification unless incidental and maintained in separate books; and the assessee must regularly file income tax returns in accordance with statutory provisions.

Notification of charitable status conditions tax-exemption eligibility on exclusive application of income and restricted investments.
Notification designates Shri Krishna Janmasthan Seva Sansthan as eligible under clause (23C)(v) for specified assessment years subject to conditions: income must be applied or accumulated exclusively for its objects; investments and deposits must be limited to forms permitted for charitable trusts (with limited treatment for voluntary contributions held in kind); business income is excluded unless incidental and maintained in separate books; and the institution must regularly file income-tax returns.

Tax exemption approval under section 10(23G) granted to cellular service, conditional on infrastructure and audit compliance.
Approval is granted to the cellular mobile telephone service operation in the Tamilnadu circle of M/s Aircel Limited under section 10(23G), read with rule 2E, recognizing the enterprise as an infrastructure facility for tax exemption purposes. The approval is subject to compliance with section 10(23G) and rule 2E, and is withdrawable if the enterprise ceases the infrastructure activity, fails to maintain and audit books of account as required by sub-rule (7) of rule 2E, or fails to furnish the mandated audit report.

Approval as long-term finance corporation permits specified income-tax treatment for past assessment years, subject to statutory compliance.
M/s Tourism Finance Corporation of India Limited is approved as a corporation engaged in providing long-term finance for industrial development for purposes of the income-tax provision that grants specific tax treatment, with the approval applicable to specified assessment years and subject to the condition that the company conforms to and complies with the statutory provisions governing that tax treatment.

Post Office Monthly Income Account limits aggregate deposits to Rs. 3 lakh for single and Rs. 6 lakh for joint accounts.
Depositors may open multiple Monthly Income Accounts provided aggregate deposits across those accounts do not exceed rupees three lakhs for single accounts and rupees six lakhs for joint accounts. Each account shall have only one deposit of six thousand rupees or multiples thereof, subject to the aggregate maximums. These amendments replace the prior rule and take effect on publication in the Official Gazette.

Tax exemption approval under section 10(23G) granted to an agro industrial park, subject to compliance and audit conditions.
Approval was granted to M/s Wise Industrial Park Limited for development, maintenance and operation of an Agro and Food Processing Industrial Park, subject to compliance with the Income-tax Act approval scheme and the annexure terms of the Central Board of Direct Taxes notification, and subject to withdrawal if the enterprise ceases infrastructure activity, fails to maintain audited books of account, or fails to furnish the required audit report under the Income-tax Rules.

Specified fund designation under income tax enables Exchange Risk Administration Fund established by Indian Renewable Energy Development Agency Limited.
Central Government designates the Exchange Risk Administration Fund, established by the Indian Renewable Energy Development Agency Limited, as a specified fund for the purposes of sub-clause (23E) of section 10 of the Income-tax Act, 1961, noting that the agency is a public financial institution notified under sub-section (2) of section 4A of the Companies Act, 1956.

Research deduction eligibility under section 35(1)(iii) - institutions approved subject to specified accounting and annual reporting obligations.
Notification approves specified organisations as Institutions under clause (iii) of sub-section (1) of section 35 read with Rule 6, subject to conditions: maintain separate research accounts; file annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May; and submit audited annual accounts and audited research Income & Expenditure accounts to the Director General (Exemptions), the DSIR Secretary and the Commissioner/Director (Exemptions) by 31 October, in addition to filing the return of income to the designated Assessing Officer.

Tax exemption approval under section 10(23G) for hydroelectric projects, conditional on compliance and audit requirements.
Approval is granted to specified hydroelectric infrastructure projects of M/s North Eastern Electric Power Corporation Ltd. for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for assessment years 1999-2000 through 2001-2002. The approval is conditional on conformity with section 10(23G) and rule 2E, maintenance and audit of books under sub rule (7) of rule 2E, furnishing the audit report, and continued operation of the infrastructure facility; the Central Government may withdraw approval for specified noncompliance.

Research institution approval granted subject to separate research accounts, annual scientific returns and audited research account submissions.
Specified organisations are approved as Institution for research deduction purposes under clause (iii) of sub section (1) of section 35 of the Income tax Act, 1961 for stated periods. Approval is conditional on maintaining separate research accounts, filing an annual scientific research return to the Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research activities to designated income tax and DSIR authorities by 31 October, alongside the regular income tax return.

Association approval under section 35(1)(ii): tax exemption for research conditioned on separate accounts, annual returns and audited filings.
Notification approves specified organisations as Association under section 35(1)(ii) for listed periods, subject to conditions: maintain separate books for research; file annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May; and submit audited annual accounts and audited Income & Expenditure Account for research activities to designated tax and DSIR authorities by 31 October, in addition to filing the return of income to the Assessing Officer.

Research association approval under section 35(1)(ii) permits tax recognition for listed organisations subject to compliance.
Specified organisations are approved as Associations under clause (ii) of sub-section (1) of section 35 for listed periods, subject to maintaining separate books for research activities, filing an annual return of scientific research activities to the Department of Scientific & Industrial Research by 31st May, and submitting audited annual accounts and audited Income & Expenditure accounts for research activities to the designated tax and DSIR authorities by 31st October each year in addition to the return to the Assessing Officer.

Exemption under section 10(22B): Press Trust of India recognised as news agency for specified assessment periods.
The Central Government specifies the Press Trust of India, New Delhi, as a qualifying news agency under the income-tax exemption clause, on the basis that it is set up in India solely for collection and distribution of news; this departmental notification makes the Press Trust of India eligible for the exemption for the assessment years 2000-2001 to 2002-2003.

Research institution approval under section 35(1)(ii) conditions tax-exemption eligibility for listed organisations subject to reporting and accounts.
Specified organisations are approved as Institutions for research-related deduction under clause (ii) of sub-section (1) of section 35 of the Income-tax Act for stated periods, subject to maintaining separate books for research, filing an annual scientific research return 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 research authorities by 31 October, in addition to the return of income.

Research institution approval requires separate research accounts and annual DSIR returns and audited submissions to authorities.
Approval is granted to specified organisations as Institutions under clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, for the notified period. Approved institutions must maintain separate books for research activities, file an annual return of scientific research activities with the Secretary, Department of Scientific & Industrial Research by 31 May, and submit audited annual accounts and a separate audited Income & Expenditure Account for research activities to designated tax and DSIR authorities by 31 October, alongside their income-tax return.

Research exemption approval requires separate research accounts and prescribed annual audited filings and returns by university.
The Tamilnadu Dr. M.G.R. Medical University is approved as a University for the purposes of section 35(1)(ii) for 1 4 99 to 31 3 2000, subject to maintaining separate research accounts, furnishing 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 Account for research to designated income tax and DSIR authorities by 31 October, in addition to the return to the Assessing Officer.

Exemption specification for news agencies confirms tax-exempt recognition for a designated agency during specified assessment years.
Central Government specifies the Press Trust of India Limited as a news agency for purposes of the Income-tax Act, treating it as established in India solely for collection and distribution of news; the specification is effected by notification under the Act and is limited to the assessment years stated in the notification.

Research institution approval under section 35(1)(ii) requires separate research accounts, annual DSIR returns by May and audited filings by October.
Approval is granted to specified organisations as Institutions for research expenditure deduction, conditional on maintaining separate research accounts, filing an annual return of scientific research activities with the Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income-and-expenditure accounts for research activities to designated tax and scientific authorities by 31 October, in addition to the regular income-tax return.

Tax exemption approval under section 10(23G) granted to designated infrastructure enterprises, subject to compliance and audit conditions.
Government approval was granted to specific enterprises as eligible infrastructure undertakings for income tax exemption purposes for the assessment years 1999-2000 through 2001-2002, subject to continued conformity with statutory provisions and procedural rules; approval is liable to be withdrawn if an undertaking ceases to provide infrastructure services, fails to maintain and audit prescribed books of account, or fails to furnish the required audit report.