Tax exemption under Section 35AC extended for an eligible poverty alleviation project for an additional three-year period.
The Central Government specifies the scheme "Poverty alleviation through capacity building, market support and micro-credit programme" by Development Initiative for Self-Help and Awakening (DISHA) as an eligible project for tax exemption under Section 35AC, and extends the project's eligibility for a further three financial years commencing with 2010-11, without change in the approved project cost, pursuant to rule 11M recommendations and the powers under the Income-tax Act.

Long-term infrastructure bond deduction limited by issuance, tenure, lock-in, PAN requirement, yield cap and end-use reporting.
Notification designates Long-term infrastructure bonds of India Infrastructure Finance Company Ltd. as eligible under Section 80CCF subject to conditions: restricted issuance tied to incremental infrastructure investments, defined investment types, minimum tenure with mandatory lock-in and permitted exit mechanisms, PAN submission by subscribers, a yield cap linked to comparable government securities reported by FIMMDA, and mandated end-use for infrastructure lending with auditor certification and specified reporting to the Infrastructure Division of the Department of Economic Affairs.

Section 35AC exemption extended for an eye hospital project, preserving its tax-deduction eligibility for three further financial years.
The Central Government extended specification of the project for construction, equipping and running of an eye hospital at MIDC, Miraj by Lions Comprehensive Eye Care Foundation as an eligible project or scheme for a further three-year period beginning with the financial year 2010 11, on the recommendation of the National Committee, and without any change to the approved project cost.

Scientific research approval requires use-restriction, audited accounts, and certified donation reporting as compliance conditions.
Approval for scientific research expenditure granted to Sisodia Educational, Medical & Charitable Society as an 'Other Institute' subject to conditions: funds must be used for scientific research carried out by faculty or students; separate books for research funds must be maintained and audited by a qualified accountant with the audit report furnished by the tax return due date; and an auditor-certified statement of donations and amounts applied to research must accompany the audit. The Government may withdraw approval for non-compliance, cessation of genuine research, or failure to furnish required records.

Exemption under Income-tax Act: eligible orphanage project specified and extended for a further three-year period.
The Central Government specifies the Kama Prayag Trust founding-cum-adoption centre project in Teynampet as an eligible project for Income-tax exemption for a further three-year period commencing from financial year 2010-11, without any change in the previously approved project cost including the corpus fund, following recommendation by the National Committee which was satisfied with the project's execution.

Scientific research approval requires audit compliance and genuine research activity for tax deduction eligibility.
Approval is granted to Maharashtra Rajya Draksha Bagaitdar Sangh, Pune as an approved organization under section 35(1)(iii) from assessment year 2010-2011, subject to conditions: use of sums for research in social sciences; research through faculty or enrolled students; maintenance of separate books of accounts for research receipts and expenditures, audited by a qualified accountant with the audit report furnished by the income-tax return due date; and a certified statement of donations and amounts applied for research to accompany the audit report. Approval may be withdrawn for failures to maintain accounts, furnish reports, cease genuine research activity, or otherwise non comply with the conditions.

Settlement Commission procedure amendments streamline application filing, evidence, reporting, paper-book rules and default proceedings.
Amendments revise definitions and procedures: broadened definition of Officer of the Commission, addition of superintendent; applications must be filed in person, by authorised representative, or by registered post and accompanied by self-attested challans evidencing payment; Commissioner must furnish seven copies of specified reports and paper books; parties must file seven indexed, certified paper books within prescribed periods; Commissioner must submit a further report within forty-five days (or extended period) and the Commission may proceed without reports or applicant comments if timelines expire; provision allows remaining bench member to function with approval where a member is unable to act.

Section 35AC eligible project designation continues for Bhagwan Mahaveer Cancer Hospital construction, preserving approved project cost.
The Central Government notifies Construction of Phase I of Bhagwan Mahaveer Cancer Hospital and Research Centre, Jaipur, as an eligible project under Section 35AC for two years beginning with financial year 2010-2011, maintaining the approved cost at Rs. 2676.00 lakh. The notification follows prior extensions and cost enhancements, acknowledges the project's likely duration beyond seventeen years, and records the National Committee's recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962.

Tax incentive designation extended for oncology project, renewing eligibility period and raising approved project cost and corpus.
The Central Government extends the designation of Navasari Cancer Care Foundation oncology wing as an eligible project under the Explanation to Section 35AC for a further three financial years commencing with 2010-11, on the National Committee's recommendation, and amends the earlier notification to increase the maximum allowable project cost for deduction purposes to Rs. 18.72 crore, including a corpus fund of Rs. 10 crore.

Section 35AC exemption extended for tribal schools project, renewing eligibility and authorising increased project cost.
The Central Government specifies the scheme "Tribal Schools and Welfare Initiatives at Jharkhand, Tripura and West Bengal," carried out by Vyakti Vikas Kendra India, as an eligible project under Section 35AC for a further three financial years commencing with 2010-11, following the National Committee's recommendation. The notification also amends the earlier designation to increase the maximum project cost allowable as deduction under Section 35AC.

Section 35AC deduction eligibility: government notifies approved charitable projects and specifies maximum deductible costs for limited financial years.
The Central Government, on recommendations of the National Committee for Promotion of Social and Economic Welfare, notifies specific institutions and their projects as eligible for deduction under section 35AC, recording estimated project costs, any corpus fund components, and the maximum amount allowable as a deduction over the stipulated period of approval, with most approvals spanning three financial years and specified usage directions for certain allocations.

Scientific research approval requires donor funds to be used and audited for eligible social science research.
Xavier Centre of Historical Research, Goa approved as an institution under section 35(1)(iii) from assessment year 2010-2011, on condition that sums received are used for social science research, research is conducted through faculty or enrolled students, separate books of accounts for research receipts and expenditure are maintained and audited by a qualified accountant, and the audit report together with a certified statement of donations and amounts applied for research is furnished to the tax authority by the return due date; approval may be withdrawn for noncompliance or cessation of genuine research activity.

Industrial park notification grants recognition and commencement but may be invalidated for misinformation or unapproved amendments.
The Central Government notifies M/s. Shyam Developers' specified Ramol, Daskroi project as an industrial park for tax incentive purposes with commencement dated 31st March, 2009; the notification is conditional and may be invalidated if the application contains wrong or omitted material information, if the location is already notified for another undertaking, or if project amendments are made without Central Government approval.

Tax-free bond authorization permits issuance of secured non-convertible railway bonds subject to holder registration and interest varying by tranche.
Authorization for the issuing corporation to issue tax-free secured, redeemable, non-convertible railway bonds during the specified financial year, with stated denominations for public and other issues, an aggregate issuance limit, and an interest rate band varying by tranche size and tenor; tax exemption is conditional on the bondholder registering his or her name and holding with the issuing corporation.

Scientific research expenditure approval requires use for social science research with separate audited accounts and certified donation statements.
Auroville Foundation is approved as an Other Institution for purposes of section 35(1)(iii) from AY2009-2010 for social science research, subject to conditions: funds must be used for research through faculty or enrolled students; separate books of account for research funds must be kept and audited with the audit report furnished to the tax authority by the return due date; and a separate auditor-certified statement of donations and amounts applied to research must accompany the audit report. Approval may be withdrawn for failures in accounting, audit, donation reporting, bona fides of research, or noncompliance with statutory requirements.

International tax jurisdiction allocation updated, directors' territorial assignments and Tax Deduction at Source functions redefined and expanded.
Amendment expands and replaces the Schedule to Notification S.O. 881(E) to reallocate territorial jurisdictions and operational powers among Directors of Income Tax (International Taxation), substitutes references to "Joint Directors of Income-tax" with "Additional Directors of Income-tax or Joint Directors of Income-tax", and specifies for each Director the territorial area, classes of persons (including non residents, companies, resident non company taxpayers, and persons responsible for TDS) and functions including Tax Deduction at Source; the changes take effect immediately.

Deemed income for employer provident contributions adjusted, lowering the prescribed interest rate and altering tax computation from the notified date.
Prescribes the interest rate for computing deemed income on employer annual contributions to a recognised provident fund under the Fourth Schedule to the Income-tax Act. The Central Government, under powers conferred by the relevant rule of Part A of the Fourth Schedule, supersedes the prior notification and fixes a lower prescribed rate to be applied for calculating taxable deemed income from employer contributions, effective from the notified date.

Section 80G specification: Archery Association of India designated under proviso to clause (c) for specified assessment years.
The Central Government, invoking the proviso to clause (c) of sub section (2) of section 80G, specifies Archery Association of India, New Delhi, as the association for the purposes of that clause for the assessment years 2010-2011 to 2012-2013 by formal notification, thereby fixing the entity's administrative status under the Income tax statutory framework for the stated temporal scope.

Section 80-IB scheme notified under development control regulations with slum development exclusions and mandatory renotification.
The Board notifies the scheme in Regulation 33(10) of the Development Control Regulation for Greater Mumbai, read with the TPB notification of 3 June 1992, as the scheme for the purposes of section 80-IB(10), subject to exclusions of Category VII slum development and clause 7.7 joint-development slum provisions, and requires that any amendment to the scheme be re-notified; the notification is effective from its publication.

Interest on deceased depositor accounts: accounts closed and refunded to nominee with scheme and savings account interest.
Where a depositor dies before maturity the account must be closed and the deposit refunded on application in Form 'F' to the nominee or, if the nominee has also expired or no nomination was made, to the legal heirs; interest is payable at the scheme rate up to the date of death, and for the period from the day after death until refund simple interest is payable at the savings account rate provided in Rule 6 of the Post Office Savings Accounts Rules, 1981.