Inflation indexed savings bonds: cumulative, ten year government securities with inflation linked compounded interest and structured eligibility.
Notification prescribes terms for issuance of Inflation Indexed National Savings Securities Cumulative: ten year cumulative bonds issued at par, held in Bonds Ledger Accounts with RBI, bearing a fixed plus inflation linked interest component compounded half yearly and payable at maturity. Resident individuals, HUFs, qualifying charitable institutions and universities are eligible; NRIs are excluded. Bonds are non tradable but may be pledged as collateral; nomination, registration, application, redemption, and premature redemption procedures and limits are prescribed, and interest is taxable under the Income tax Act.

Tax exemption under section 10(46) for notified society grants subject to non commercial activity and return filing conditions.
Notification under section 10(46) designates Kerala State AIDS Prevention Society as a notified body for exemption of specified income consisting of grants-in-aid from the Central Government; the exemption is time limited and conditional on absence of commercial activity, unchanged nature of activities and specified income during the financial year, and filing of return of income as required by the Act, with grants to be received and applied according to prevailing rules.

Equity savings deduction for new retail investors conditioned on demat designation and multi year lock in compliance.
The Rajiv Gandhi Equity Savings Scheme provides a deduction to qualifying new retail investors for investments in specified eligible securities, subject to demat account designation, PAN submission and declaration in Form A. Investments made within a block of three consecutive financial years from the initial year qualify for deduction up to the Scheme limit per year, are subject to a three-year fixed lock-in followed by a two-year flexible lock-in with prescribed compliance-day and valuation rules, and face taxability of previously allowed deductions if Scheme conditions are contravened.

Deduction under section 35AC: notified institutions' approved projects eligible for specified tax deduction over three financial years.
Notification under section 35AC, on the National Committee's recommendation, notifies specified institutions as approved and lists eligible projects with estimated costs. For each project the notification specifies the maximum amount of project cost that may be allowed as a deduction under section 35AC, with those amounts apportioned for claim during the approval period. The notification is operative for a fixed three year period covering the consecutive financial years commencing with the first year stated.

Notification amendment revises project cost and corpus fund figures in an earlier income-tax notification, correcting published amounts.
Corrigendum to an income-tax notification correcting published figures: para 2 revises the stated corpus fund amount upward; para 3 is substituted to record that a prior notification changed the project cost and included corpus fund; and the concluding paragraph is amended to reflect the revised project cost and corpus fund figures, ensuring the Gazette text matches the corrected financial amounts.

Transfer pricing jurisdiction amended to omit and renumber schedule entries and add Chhattisgarh in relevant columns.
Notification under section 120(1) and (2) of the Income-tax Act amends the Schedule to SO 1446(E) by omitting two serial entries, renumbering four entries to fill the gaps, and inserting the word "Chhattisgarh" after "States of Gujarat" in column (4) of the two renumbered entries; amendments take effect from publication in the Official Gazette.

Recognised association status granted to a commodities exchange, effective on notification and subject to withdrawal for rule violations.
Notification designates the Multi Commodity Exchange of India Limited, Mumbai, as a recognised association for purposes of the proviso to clause (5) of Section 43 of the Income-tax Act, effective from publication; recognition may be withdrawn if conditions in the Income-tax Rules are violated and remains effective until Forward Markets Commission approval is withdrawn or the notification is rescinded.

Recognition of commodity exchange status granted, enabling specified tax treatment while subject to regulatory conditions and possible withdrawal.
Notification confers recognised association status on Universal Commodity Exchange Limited, Mumbai under the proviso to clause (5) of the Income-tax Act, 1961, effective from publication. Recognition is conditional on compliance with Income-tax Rules and may be withdrawn if conditions in rule 6DDC are violated; the notification remains in force only while the exchange's external approval remains effective or until rescission under rule 6DDD.

Recognition of association under Income tax law grants tax treatment contingent on regulatory approval and compliance conditions.
Notification recognises a commodity derivatives exchange as a recognised association for the relevant Income tax provision, effective from Gazette publication, contingent on its regulatory approval. The Central Government may withdraw recognition upon violation of conditions in the applicable rule, and the notification remains in force only while the exchange's regulatory approval subsists or until rescission under the rule.

Designation change: replaces Commissioner with Chief Commissioner in notification corrigendum affecting Schedule entries published in gazette.
The corrigendum directs that the Chief Commissioner specified in column (2) of the Schedule replace the previously referenced "Commissioner" in the cited notification published in the Gazette, amending only the quoted phrase and not other provisions of that notification.

Deductions under section 80G: Archery Association of India specified as eligible recipient for donor tax deduction for limited assessment years.
The Central Government specifies the Archery Association of India as an association eligible under the donation deduction provision of section 80G for a limited set of assessment years, conditioned on continued satisfaction of the eligibility criteria prescribed in rule 18AAAAA, enabling donors to claim deductions only while those conditions remain fulfilled.

Tax exemption for government grants: notified AIDS control society's central grants exempt subject to activity and filing conditions.
Notification designates a state AIDS control society as a notified body for exemption of amounts received as grants in aid from the Central Government, operative for specified financial years. The exemption is conditional on absence of commercial activity, no change in activities or nature of specified income during the financial year, and timely filing of income tax returns under the prescribed provision. Grants must be received and applied in accordance with prevailing rules and regulations.

Designation of notified jurisdictional area: Cyprus specified for international transactions, altering transfer pricing treatment under tax law.
Central Government specified Cyprus as a notified jurisdictional area for international transactions under section 94A by Notification No. 86/2013 dated November 1, 2013, effective from publication; the notification was later rescinded by Notification No. 114/2016.

Jurisdictional delegation of income-tax powers to the Large Taxpayer Unit commissioner, with authorised written sub-delegation to subordinate officers.
Notification under section 120(1) and (2) designates the Commissioner of Income-tax (Large Taxpayer Unit) Kolkata to exercise powers under the Income-tax Act, including Chapters XVII-B and XVII-BB, in respect of specified classes of cases, persons and incomes where a consent for the LTU scheme has been given and specified payments have been made; it authorises written delegation by the Commissioner to Additional/Joint Commissioners and further sub-delegation to Assessing Officers within the Schedule's specified classes and exclusions.

Control of income-tax authorities: notification designating specified officers as subordinate, subsequently rescinded by later notice.
The notification establishes administrative control by directing that the income-tax authorities specified in the Schedule be subordinate to the principal authority specified therein, mapping principal and subordinate designations for the Large Taxpayer Unit in Kolkata and taking effect on publication in the Official Gazette; the instrument was subsequently rescinded by a later notification.

Delegation of jurisdiction under Section 120 assigns Large Taxpayer Unit powers to Chief Commissioner effective on publication.
Delegation under Section 120(1) and (2) directs that the Chief Commissioner (Large Taxpayer Unit) Kolkata, headquartered at Kolkata, shall exercise the powers and perform the functions vested in the Commissioner of Income-tax (Large Taxpayer Unit) Kolkata for the territorial areas, persons, incomes or cases within that Commissioner's jurisdiction; the notification takes effect from publication in the Official Gazette and is administrative in nature.

Appointment under section 117: income-tax authority designated with specified headquarters and jurisdictional specification.
Appointment under section 117 designates a specified officer to serve as an income-tax authority, fixes the officer's headquarters, and provides that jurisdiction will be specified separately under section 120; the notification takes effect from its publication in the Official Gazette.

Research exemption under section 35(1)(ii) approved subject to audit, reporting and compliance requirements.
Haffkine Institute is approved as an approved scientific research institution under clause (ii) of sub-section (1) of section 35, subject to utilising sums received for scientific research, conducting research through faculty or enrolled students, maintaining separate books of account and a separate statement of donations applied to research, obtaining an audit of those books by a qualified accountant, and furnishing the audit report and certified donation statement to the tax authority by the return filing due date; approval may be withdrawn for failures specified.

Research institution tax exemption requires use for scientific research, audited accounts and donation statements, non-compliance risks withdrawal.
Approval of Indian Plywood Industries Research & Training Institute as an approved institution under clause (ii) of section 35(1) is effective from 1 April 2012; sums must be used for scientific research conducted by faculty or enrolled students. The institute must keep separate books for research receipts, obtain an audit by a qualified accountant and file the audit report with the tax authorities by the return due date, and maintain a certified statement of donations and amounts applied to research. Approval may be withdrawn for failures in recordkeeping, audit reporting, donation statement submission, cessation or insincerity of research activity, or noncompliance with the applicable statutory provisions.

Project eligibility under section 35AC: notification increases approved project cost and corpus fund for Omayal Achi health centre.
Notification under section 35AC designates the "Running of Omayal Achi Community Health Centre at Arakambakkam" as an eligible project for tax incentives, records prior extensions and cost enhancements, and, following a recommendation by the National Committee for Promotion of Social and Economic Welfare, amends the original notification to substitute the earlier cost entry in the schedule with a revised statement increasing the project's sanctioned total cost and the corpus fund for which tax benefit is allowed.