Exemption under section 10(23C)(v) granted to Institution at Dharamsthala subject to income application and investment conditions.
Notification under sub-clause (v) of clause (23C) of section 10 notifies the Institution at Dharamsthala, Karnataka for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively to the institution's objects; investments or deposits (other than certain voluntary contributions held as jewellery, furniture, etc.) must be limited to the forms/modes specified in sub section (5) of section 11; and business income is excluded unless incidental to the objects and accounted for in separate books.

Tax exemption approval under section 10(23C)(vi) granted to institute subject to compliance for specified assessment years.
Approval is granted to the All India Institute of Local Self Government, Mumbai under section 10(23C)(vi) of the Income-tax Act for specified assessment years, subject to conformity with the substantive requirements of clause (23C)(vi) and the procedural requirements of the implementing rule.

Tax exemption under section 10(23C)(iv) grants conditional recognition to an export promotion body for specified assessment years.
Notification under section 10(23C)(iv) recognizes Export Promotion Council for Handicrafts for assessment years 1996-97 to 1998-99, subject to conditions: income must be applied or exclusively accumulated for the entity's objects; investments are limited to permitted forms under section 11(5) except certain voluntary contributions; and business income is excluded unless incidental to objectives and maintained in separate books.

Tax exemption notification: temples and charitable institutions entitled to exemption subject to exclusive application and investment conditions.
Notification declares The Temples, Charitable Institutions and Funds of the Gaud Saraswat Brahmin Community of Bombay eligible under sub-clause (v) of clause (23C) of section 10 for specified assessment years, subject to conditions: income must be applied or accumulated wholly and exclusively for the institution's objects; funds may be invested only in forms permitted by sub section (5) of section 11 (with limited exceptions for certain voluntary contributions held as jewellery or furniture); and business profits are excluded unless incidental and recorded in separate books.

Charitable status recognition: Institute of Rail Transport granted tax exemption conditioned on exclusive application of income and specified investments.
Notification grants tax-exemption recognition to the Institute of Rail Transport, New Delhi for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively to institutional objects; investments or deposits are restricted to forms permitted by the statute (excluding retained voluntary contributions in jewellery, furniture, etc.); and the notification does not cover business profits unless the business is incidental and maintained in separate books.

Tax exemption notification under section 10(23C)(iv) conditions institute status on income application, investment limits, and separate accounting.
Notifies the Victoria Technical Institute, Chennai under section 10(23C)(iv) as eligible for tax exemption for specified assessment years, conditioned on: applying or accumulating income wholly and exclusively to its objects; restricting investments or deposits to legally permitted forms except voluntary contributions retained as jewellery or furniture; and excluding business income unless incidental to objectives with separate books maintained.

Exemption notification under section 10(23C)(iv) recognizes charitable status subject to application, investment and accounting conditions.
Notification recognizes the assessee for the specified tax-exempt category for assessment years 1989-90 to 1991-92 conditional on applying income wholly and exclusively to its objects, limiting investments or deposits to permitted modes except for voluntary contributions retained as jewellery or similar items, and excluding business profits unless the business is incidental and maintained in separate books of account.

Tax exemption under section 10(23C)(iv) granted to a charitable institution subject to application and investment conditions.
Notifies Little Sisters of the Poor, Calcutta under section 10(23C)(iv) for specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively for the institution's objects; funds may only be invested or deposited in forms permitted for charitable trusts except for voluntary contributions retained in kind; and the notification does not cover business profits unless the business is incidental to objectives and recorded in separate books.

Cost Inflation Index notified for tax computation under capital gains rules and amended in the prior index table.
The Cost Inflation Index for the financial year 1999-2000 was specified under clause (v) of the Explanation to section 48 of the Income-tax Act, 1961, having regard to seventy-five per cent of the average rise in the Consumer Price Index for urban non-manual employees. The earlier notification dated 20 August 1998 was amended by inserting the index figure for 1999-2000 in the prescribed table, with the notified index fixed at 389.

Income tax exemption under section 10(23) granted to sports federation, subject to application, investment and business conditions.
Notification designates the Judo Federation of India as covered by section 10(23) for assessment years 1997-98 to 1999-2000, conditional on applying or accumulating income wholly and exclusively to its objects under the modified section 11 provisions; investing funds only in modes permitted by section 11(5) (with limited exceptions for certain voluntary contributions held in tangible forms); not distributing income to members except as grants to affiliated bodies; and excluding business income unless incidental to objectives with separate books maintained.

Tax exemption under section 10(23) granted with conditions on income application, permitted investments, distributions, and incidental business income.
Designation grants the Ratnagiri Zilla Bridge Association tax exemption under section 10(23) for specified assessment years, conditional on applying or accumulating income exclusively for its objects as modified by clause (23), limiting investments to modes in section 11(5) (with exceptions for certain tangible voluntary contributions), prohibiting distribution of income to members except by grants to affiliated institutions, and excluding business profits unless incidental and maintained in separate books.

Tax exemption under a specified income-tax clause granted subject to conditions limiting investments, distributions and business income.
Notification designates the Federation of Motor Sports Clubs of India, Chennai for a specified income-tax exemption for assessment years 1998-99 to 2000-01 subject to conditions: income must be applied or accumulated exclusively for the federation's objects in accordance with income-application provisions as modified by the exemption; investments or deposits are restricted to prescribed forms; income distribution to members is prohibited except grants to affiliated institutions; and business profits are excluded unless incidental and maintained in separate books.

Tax exemption under section 10(23) granted subject to compliance and investment restrictions for Petroleum Sports Control Board.
Notification under section 10(23) notifies the Petroleum Sports Control Board, New Delhi, as a notified institution for the specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively for its objects in line with modified application/accumulation rules; investments and deposits (except certain voluntary contributions held in specified tangible forms) must be in permitted modes; no distribution of income to members except grants to affiliated bodies; and the exemption excludes business profits unless incidental to objectives with separate books maintained.

Tax recognition for a notified charitable institution requires exclusive application of income and limits on investments.
Recognition is granted to Manav Seva Sangh subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; funds must not be invested or deposited except in permitted forms and excluding certain voluntary contributions retained as movable property; and business profits are excluded from the notification unless the business is incidental to objectives and separate books of account are maintained.

Tax exemption under section 10(23C)(v) granted subject to exclusive application of income, permitted investments, and separate business accounting.
Notification confers tax exemption under Section 10(23C)(v) on the named trust for assessment years 1996-97 to 1998-99, conditional on applying or accumulating income exclusively to its objects, restricting investments to forms permitted by section 11(5) (with an exception for voluntary contributions retained as jewellery or furniture), and excluding business income unless incidental to objectives and maintained in separate books.

Approval under section 36(1)(viii) confirms Export Import Bank's tax classification, subject to compliance with its provisions.
Approval is granted to M/s Export Import Bank of India, Mumbai as a corporation engaged in providing long term finance for industrial and infrastructure development for the purpose of section 36(1)(viii) of the Income tax Act, 1961 for the specified assessment year, subject to the condition that the company will conform to and comply with the provisions of section 36(1)(viii) of the Income tax Act.

Exemption under section 35AC extended for medical relief centres run by Janata Janardan Health Organisation for a further period.
The Central Government has specified Janata Janardan Health Organisation's scheme of running medical relief and assistance centres at multiple locations as an eligible project for tax exemption under the Income tax Act, extending the period of eligibility following a recommendation by the National Committee and noting satisfactory execution and an estimated project cost.

Exemption under section 35AC: disability rehabilitation and related activities specified as eligible scheme for a further year.
The Central Government specifies that the Society for the Training and Vocational Rehabilitation of the Disabled, Vadodara, carries out an eligible project comprising survey, medical camps, polio operations, aids and appliances, educational assistance, instrumental/trade self-employment training, and construction of trainees' hostels and homes for aged disabled throughout Gujarat; the National Committee recommended a further one-year specification under rule 11M(5), and the Government specifies the project as eligible for a further year in relation to assessment year 2000-2001.

Exemption under section 35AC: eligibility extended for Madhukant Foundation's hospital and related projects for a further assessment period.
Central Government specified under section 35AC the Madhukant Foundation project at Sadra, Dehgam-construction and running of a hospital, a primary school, Balmandir, a funeral home, and related equipment and furniture-as an eligible project; on the National Committee's recommendation that the project is being executed properly, the Government extended its eligibility for a further three year period commencing from the assessment year 2000 2001, at the estimated project cost plus corpus fund.

Section 35AC exemption extended for education scholarship scheme, eligibility renewed after National Committee recommendation through further specification
Extension of the exemption under Section 35AC is specified for the U.V. Patel Foundation's scheme of education scholarships and grants in Gujarat and Maharashtra for a further two-year period commencing with assessment year 2000-2001, following a National Committee recommendation that the project is being executed properly and noting the scheme's estimated corpus fund.