Approval as Housing Finance Company under section 36(1)(viii) confers tax recognition subject to statutory compliance.
Approval as a Housing Finance Company under the Income-tax Act provision confers tax recognition for the stated assessment years, subject to the company's conformity with and compliance to the provisions of section 36(1)(viii) of the Income-tax Act. The notification formally records that approval and its conditional nature.

Tax exemption under section 10(23C)(v) granted with conditions limiting investments and business income for specified assessment years.
Notification under section 10(23C)(v) notifies the named society as qualifying for exemption for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively to its objects; funds (other than certain voluntary contributions maintained as jewellery, furniture etc.) must be invested only in permitted modes; and profits and gains of business are excluded unless incidental and maintained in separate books.

Approval as Housing Finance Company permits tax treatment under section 36(1)(viii) subject to compliance conditions.
Approval is granted to the Housing and Urban Development Corporation Ltd. as a Housing Finance Company for the purposes of section 36(1)(viii) of the Income-tax Act, permitting recognition under that provision for the stated assessment years, subject to the condition that the company shall conform to and comply with the requirements of section 36(1)(viii).

Tax-free bonds under section 10(15)(iv)(h) specified; holder registration with issuing railway corporation required for tax benefit.
Central Government specifies tax-free bonds under clause (15)(iv)(h) of section 10 of the Income-tax Act by identifying designated series of railway bonds with distinctive numbers; the tax exemption applies only where the holder registers his name and holding with the issuing corporation, thereby conditioning entitlement on registration compliance.

Tax exemption for Konkan Railway bonds requires holders to register holdings with the issuer to claim tax-free interest.
Central Government specifies tax-exempt Konkan Railway Bonds issued by Konkan Railway Corporation Limited, identifying distinctive series and number ranges; tax exemption on interest is admissible only if the bondholder registers his name and holding with the Corporation.

Tax incentive extension under section 35AC grants further eligibility to construction scheme, extending tax benefit for two assessment years.
The Central Government extended the specification under section 35AC of the Income-tax Act of the construction of educational and training buildings and a hostel at Shardagram by Shri Bharat Saraswati Mandir Sansad, following a National Committee recommendation that the project was properly executed, thereby specifying the project as an eligible project or scheme for a further two assessment years commencing from the assessment year 1997-98.

Extension of eligible project designation under section 35AC-hospital construction retains tax-incentive eligibility after committee recommendation.
The notification specifies the construction of Maharaja Agrasen Hospital at Agroha by Maharaja Agrasen Medical Education & Scientific Research Society, New Delhi, as an eligible project under section 35AC of the Income-tax Act, following the National Committee's recommendation that the project is properly executed, and extends that specification for a further period commencing from a stated assessment year, recording the estimated project cost.

Section 35AC approval enables tax deduction for approved company's school construction project during specified assessment years.
Approval under Section 35AC is conferred on the named company for the construction of a school building at the specified location, specifying the eligible project and the maximum project cost allowable as a deduction; the approval follows the National Committee's recommendation and remains effective for the three stated assessment years.

Deduction under section 35AC: specified charitable projects approved for allowable expenditure deduction over notified assessment years.
Notification designates specified institutions and their named projects as eligible for deduction of expenditure under the relevant income tax provision, listing for each the estimated project cost and the maximum amount of that cost allowable as a deduction, and confines the availability of those deductions to the assessment years expressly indicated for each project, with subsequent footnote substitutions adjusting some cost figures.

Gratuity limit under section 10(10)(iii) specified to govern tax-exempt gratuity for eligible retirees and terminated employees.
Central Government specifies a capped gratuity amount for the purposes of section 10(10)(iii) of the Income-tax Act, fixing a monetary ceiling to determine the exempt portion of gratuity paid to employees who retire, become incapacitated prior to retirement, die on or after the effective date, or whose employment is terminated on or after that effective date.

Tax exemption under section 10(23C)(v) notifies Sri Raghavendra Swamy Mutt subject to income application and investment conditions.
Notification under sub-clause (v) of clause (23C) of section 10 notifies Sri Raghavendra Swamy Mutt, Mantralayam, for assessment years 1993-94 to 1995-96 subject to conditions: income must be applied or accumulated wholly and exclusively for the assessee's objects; investments or deposits must be only in forms specified in section 11(5) except voluntary contributions retained as jewellery or furniture; and profits and gains of business are excluded unless incidental to objectives and accounted for in separate books.

Accounting standards require disclosure of accounting policies and separate reporting of prior period and extraordinary items.
Notification prescribes mandatory accounting standards for assessees under section 145(2) requiring disclosure of all significant accounting policies in the financial statements, aiming to present a true and fair view guided by prudence, substance over form and materiality. Material changes in policies or estimates must be disclosed and their impact shown; effects not ascertainable must be indicated. Prior period items and extraordinary items must be separately disclosed with nature and amount, and questions whether a change is a policy or an estimate are to be referred to the Board.

Housing Finance Company approval granted with condition of statutory compliance for specified assessment years.
The Central Government notified that Global Housing Finance Corporation Ltd. is approved as a Housing Finance Company under the Income tax Act for the assessment years 1995-96 and 1996-97, and the approval is expressly subject to the company's conformity with and compliance with the requirements of the relevant income tax provision.

Approval as Housing Finance Company granted subject to compliance with section 36(1)(viii) provisions for specified assessment years.
The Central Government approved Home Trust Housing Finance Co. Ltd., Calcutta, as a Housing Finance Company for specified assessment years, subject to the condition that the company conform to and comply with the statutory provisions of the Income tax Act applicable to housing finance companies; the approval is recorded by formal notification identifying the company and its address.

Tax exemption notification under section 10(23C)(v) requires exclusive application of income and specified investments for specific assessment years.
Notification recognizes Jagadguru Sir Sankaracharya Swamigal Srimatam Samsthanam under section 10(23C)(v) for specified assessment years, subject to conditions: income must be applied wholly and exclusively to the institution's objects; funds (other than certain voluntary contributions in kind) must be invested only in modes permitted by subsection (5) of section 11; and income from business is excluded unless the business is incidental to the objectives and is accounted for in separate books.