Eligible project designation under income-tax extends tax-exempt benefits to a technical school project following committee recommendation.
The Central Government specified the scheme of Shri Puroshotam Seva Trust for construction, equipping and running of a technical school at village Sola, Gujarat as an eligible project under the Explanation to section 35AC. Following a National Committee recommendation that the project is being properly executed, the specification was extended for a further three assessment years commencing with assessment year 1998-99, at an estimated cost of one hundred lakh, thereby maintaining its eligible project status for tax purposes.

Specification under section 35AC: extension of eligible project status for Poona District Leprosy Committee schemes enabling continued deduction eligibility.
Specification under section 35AC that the Poona District Leprosy Committee's programme-comprising engineering unit expansion, urban leprosy investigation and comprehensive projects, agro forestry at Ghagar Gaon, and an engineering rehabilitation centre at Ahmednagar-is an eligible project or scheme and is specified for a further period following a National Committee recommendation under rule 11M.

Eligible project specification extended for Ritambhara Vishva Vidyapeeth enabling tax-deduction for school, hostel, skills and medical relief activities.
Under Section 35AC of the Income-tax Act, the Central Government specifies the Ritambhara Vishva Vidyapeeth scheme as an eligible project for tax-deduction purposes. The specified activities comprise construction of a school and hostel for adivasi girls, establishment of community development centres for self-employment training of adivasi women, and provision of medical relief in Dang District, Gujarat. The National Committee recommended renewal after finding project execution satisfactory, and the Government extends the specification for a further three assessment years, identifying the implementing body, project components, and estimated cost to govern qualifying expenditure.

Section 35AC eligible project extension specified for a rural tribes welfare project after National Committee recommendation for further period.
The Central Government re-specifies the scheme of Bharat Sevashram Sangha for a Rural Tribes welfare project-covering hospital facilities, vocational training-cum-production unit, residential school and model demonstration farm-as an eligible project or scheme for a further three assessment years following the National Committee's recommendation and satisfaction that the project is being properly executed, and records the estimated project cost for the extended period.

Tax incentive eligibility extended under Section 35AC for Children of the World scheme, allowing continued deductible project expenditure.
The Central Government, exercising powers under clause (b) of the Explanation to section 35AC of the Income-tax Act, specifies the scheme of Children of the World (India) Trust for land development, construction, furnishing and equipments/medicines of Vishwabalak Kendra at Nerul, Mumbai as an eligible project or scheme for a further period of two assessment years commencing from assessment year 1998-99, following the National Committee's recommendation that the project was being executed properly.

Eligible project designation under Section 35AC extended for charitable rural development scheme enabling specified expenditure treatment.
Section 35AC designation of the Radha Kaliandas Daryanani Charitable Trust scheme is extended for a further three assessment years commencing 1998 99, following the National Committee's recommendation that the project is being executed properly; the extension includes maintenance and administrative expenditure on nine institutions under Sai Baba Seva Dham for the Rural Development Programme at village Kanhe and amends the estimated project cost to ninety nine lakhs.

Eligible project specification: extension granted for a healthcare and eldercare scheme enabling tax-deductible expenditure under income tax rules.
The Central Government, on the National Committee's recommendation under the Income-tax Rules, specifies the Khail Shanker Durlabhji Avedna Ashram Trust scheme-construction, furnishing and running of a 100 bedded ashram and a day-care centre for elderly persons-as an eligible project under Section 35AC and extends that specification for a further three assessment years, enabling expenditure on the scheme to qualify under the Section 35AC framework.

Eligible project designation extended for Mother and Child Care Project, preserving tax advantaged treatment for the extended period.
Extension of designation as an eligible project under section 35AC is granted to the Rajasthani and Gujarathi Charitable Foundation's Mother and Child Care Project in the slums of Pune and Khanpur village for a further three assessment years commencing 1998 99, following a National Committee recommendation that the project is being properly executed and would extend beyond its initial period.

Deduction under section 35AC: approved charitable projects assigned specified deductible caps and limited duration.
Central Government approval under section 35AC lists 28 institutions and specifies for each the eligible project or scheme, the estimated cost and the maximum amount of that estimated cost which may be allowed as a deduction; some entries separately identify a corpus fund. The notification also prescribes the assessment years for which the approvals remain in force and notes later substitutions to certain recorded amounts.

Specified government securities: interest payable to State Bank, subsidiary banks, and nationalised banks clarified under section 193.
Central Government, under clause (iiia) of the proviso to section 193 of the Income-tax Act, specifies all securities of the Central and State Governments and identifies recipients of interest thereon as: the State Bank as defined in the State Bank of India Act; any subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act; and any nationalised bank defined as a corresponding new bank under the Banking Companies (Acquisition and Transfer of Undertakings) Acts.

Specified taxable secured redeemable non-convertible bonds designated under income-tax provision for eligibility by central government.
Central Government specifies 16% Taxable Secured Redeemable Non-convertible Bonds issued by Mahanagar Telephone Nigam Ltd. as qualifying instruments under clause (ii) of sub section (1) of section 80L of the Income tax Act, identifying their rate, secured and non convertible nature, redeemable character, face value, distinctive numbering range, and aggregate issuance amount to effect the statutory specification.

Tax exemption recognition confirms United News of India as a news agency under income tax law for specified assessment years.
Central Government notification under clause (22B) of section 10 recognises United News of India as a news agency established in India solely for collection and distribution of news, making it eligible for the tax treatment provided by that clause for the specified assessment years.

Specification under Section 35AC extends tax-exempt status for a medical trust's rural outreach health scheme.
The Central Government, invoking the Explanation to Section 35AC, specifies the Shri Kanchi Kamakoti Medical Trust's Vision-Phase-II Rural Outreach Eye Care Programme and related hospital additions and quarters as an eligible project for gifts/donations; the National Committee recommended, and the Government granted, a three-year extension of the original three-year specification to commence from the assessment year 1998-99, thereby extending the period in which gifts to that specified scheme qualify for the statutory exemption.

Exemption under section 35AC extended for a specified medical trust scheme permitting donations for eligible hospital projects.
The Central Government specifies the scheme of Shri Sathya Sai Medical Trust under section 35AC for maintenance and running of cardiology, hospital repairs/renewals, and maintenance of ophthalmology and subsequent ENT phases; on recommendation of the National Committee and under the relevant rule, the scheme is extended as an eligible project for a further assessment-year period at the stated estimated project cost, preserving its qualification for the statutory tax-related benefits during that extension.

Exemption under section 35AC: Shri Sathya Sai Central Trust drinking water scheme specified as eligible for two assessment years.
Exemption under section 35AC is applied to the Shri Sathya Sai Central Trust drinking water supply project in District Anantapur by central notification, extending the scheme's designation as an eligible project for two further assessment years commencing 1998-99, following a National Committee recommendation that the project was being properly executed and relying on powers in the Explanation to section 35AC.

Exemption under income tax provision: specification extended for an eligible project following National Committee recommendation.
The Central Government specifies the Mahyco Research Foundation Trust scheme for Phase II of Shri Ganapati Netralaya at Jalana as an eligible project under the income tax exemption provision, extending the prior three year specification for a further three assessment years following a National Committee recommendation that the project is being executed properly, and records the estimated project cost in the notification.

Exemption under income tax provision extended for hospital renovation scheme, renewing eligibility and specifying scope and estimated project cost.
The Central Government specifies the Shri K. J. Mehta T. B. Hospital renovation and updating scheme at Amargarh as an eligible project under the income tax provision for a further three assessment years beginning 1998 99, covering renovation of the 747 bedded hospital, additions, furniture replacement, staff quarters work, roads, equipment procurement and tuberculosis diagnostic camps, following a National Committee recommendation and an earlier three year notification.

Exemption under section 35AC: scheme specified as eligible for an extended period under income tax rules.
The Central Government specifies the scheme of Swa-Roopwardhinee, Pune, for running a Balwadi and a centre for integrated development of girls, boys and women slum dwellers and for women's development activities as an eligible project under the income tax exemption provision. Pursuant to a National Committee recommendation, the scheme is specified for a further period of three assessment years commencing from the assessment year 1998 99 at an estimated project cost of rupees forty lakhs.

Tax exemption for charitable health project extended after National Committee recommendation, maintaining scheme eligibility for further assessment years.
Central Government specified the scheme of Bhagavatula Charitable Trust for extension and running of a Grama Arogyalayam at Yellamanchili as an eligible project under the Explanation to section 35AC. The National Committee, satisfied with execution, recommended further specification under the rules, and the Government, exercising its powers, specified the scheme for a further three assessment years commencing from the stated assessment year at the estimated project cost noted in the notification.

Exemption under Section 35AC: project approval extends tax exempt status for specified charitable construction over three assessment years.
Approval under the Explanation to Section 35AC is granted for Nishkam Sikh Welfare Council's construction of Mata Gujari Old Age Home cum Orphanage at village Khanpur, District Ropar, Punjab, specifying the institution and project at the estimated cost and extending eligibility for tax exemption for three assessment years commencing 1998 99, on the National Committee's recommendation that the project is being executed properly.