Approval under section 10(23G) renewed for power project, conditional on compliance, audits and timely commissioning.
Renewal of approval to M/s Reliance Petalganga Power Limited under section 10(23G) read with rule 2E is granted subject to conditions: ongoing conformity with the statutory provisions, maintenance and audit of books of account, furnishing the prescribed audit report, and commencement of power generation from the approved project by the prescribed deadline; the Central Government may withdraw approval on cessation of eligible business, failure to maintain or audit books, failure to furnish the audit report, or failure to commission the project within the required timeframe.

Research exemption approval requires annual scientific returns and audited research accounts filing with designated authorities and tax office.
The Central Government approved M/s Rajkot Cancer Society as an Institution eligible for research-related tax recognition for the period stated, conditional on maintaining separate research accounts (except Associations), filing an annual scientific return to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research activities to the Director General (Exemption), the Secretary, DSIR, and the Commissioner/Director of Income Tax (Exemptions) by 31 October, in addition to the income tax return to the designated assessing officer.

Research exemption approval under section 35(1)(ii) requires separate research accounts, annual scientific returns, and timely renewal filings.
Approval was granted to M/s Madras Diabetes Research Foundation as an Association for research-related income tax deduction, subject to maintaining separate research accounts, furnishing an annual scientific research return to the Department of Scientific & Industrial Research by the annual deadline, and submitting audited annual accounts and audited income and expenditure accounts for research activities to the designated income tax exemption offices, the Department, and the local tax authorities by the prescribed annual deadline in addition to filing its income tax return.

Tax exemption under section 10(23C)(iv) conditioned on exclusive application of income, restricted investments, and reporting obligations.
Notification designates The Railway Goods Clearing & Forwarding Establishment Labour Board, Mumbai as eligible for a tax exemption under Section 10(23C)(iv), conditional on applying or accumulating income exclusively for its objects; restricting investments to permitted forms; excluding profits from business unless incidental with separate books; regular filing of returns; and transferring surplus assets on dissolution to a like charitable organisation.

Tax exemption under Section 10(23C)(v) conditioned on exclusive application of income, permitted investments, and separate business accounts.
Notification grants tax-exempt status to The Congregation of the Franciscan Sisters of the Presentation of the Blessed Virgin Mary, Coimbatore, for assessment years 2002-2005 under Section 10(23C)(v), subject to conditions requiring exclusive application of income to charitable objects, permitted forms of investment, exclusion of non-incidental business profits unless separately accounted, regular filing of returns, and transfer of surplus and assets on dissolution to a similar charitable organisation.

Charitable status under Section 10(23C)(iv) grants tax notification subject to prescribed operational and dissolution conditions.
Notification under Section 10(23C)(iv) notifies the Railway Goods Clearing & Forwarding Establishment Labour Board, Mumbai for the specified assessment years subject to conditions: apply or accumulate income solely to stated objects; restrict investments to forms permitted by Section 11(5) except certain voluntary contributions in the form of jewellery or furniture; treat business income as exempt only if incidental and separately accounted; file income-tax returns regularly; and on dissolution transfer surplus and assets to a charitable organisation with similar objectives.

Exemption under section 10(23C)(iv) notifies a clinical research foundation subject to charitable application and compliance conditions.
Notification recognises T.T. Raganathan Clinical Research Foundation, Chennai under section 10(23C)(iv) for assessment years 2002-2003 to 2004-2005, subject to conditions: apply income wholly and exclusively to its objects or accumulate for that purpose; restrict investments and deposits to permitted modes; exclude business income unless incidental and separately accounted; regularly file income-tax returns; and transfer surplus and assets on dissolution to a similar charitable organisation.

Section 10(23C)(iv) notification: trust approved subject to conditions on application of income, permitted investments, and dissolution.
Notification under section 10(23C)(iv) notifies Sri Sathya Sai Central Trust for assessment years 2005-2006 to 2007-2008, subject to conditions that the Trust apply or accumulate income exclusively for its objects; restrict investments to modes specified in section 11(5) except for certain retained voluntary contributions; treat business income as non-exempt unless incidental and separately accounted; require regular filing of income-tax returns; and on dissolution transfer surplus assets to a similar charitable organisation.

Tax exemption approval under section 10(23G) requires NTPC projects to comply with conditions and commence generation timely.
Approval is granted to specified NTPC power projects under section 10(23G) for assessment year 2002-03, listing Rihand Stage II and Ramagundam Stage III. The approval is conditional on compliance with section 10(23G) and rule 2E, maintenance of books, audit by an accountant and furnishing of the audit report as required by sub rule (6) of rule 2E. The Central Government may withdraw approval if the undertaking ceases eligible business or fails accounting/audit/reporting obligations. Approval also requires commencement of power generation by 31 March 2006 per the generation commencement requirement under section 80IA.

Senior Citizens Savings Scheme: post office accounts for seniors with defined eligibility, 15 lakh deposit ceiling, five year maturity and prescribed interest and withdrawal rules.
The Rules create the Senior Citizens Savings Scheme permitting individuals aged 60+ (and certain voluntarily retired persons 55-59) to open post office accounts; deposits must be in multiples of one thousand up to a combined ceiling of fifteen lakh rupees, with specified modes of payment. Accounts mature after five years and may be extended three years by application; quarterly interest is payable at the prescribed rate and post maturity interest rules apply. Premature closure after one year is allowed subject to percentage deductions; nominations, joint account rules, death claim procedures, transfer, prescribed forms and documentary requirements are set out, and NRIs/HUFs are ineligible to open new accounts.

Tax exemption under Section 10(23) granted subject to exclusive application of income, investment limits, return filing, and dissolution rules.
Notification under Section 10(23) confers tax exemption on the Amateur Athletic Federation of India for specified assessment years provided it applies or accumulates income wholly and exclusively to its objects; restricts investments to statutory modes except certain voluntary contributions; excludes business income unless incidental and separately accounted; mandates regular filing of income tax returns; and requires that on dissolution surplus assets be transferred to a charitable organisation with similar objectives.

Specification of place of public worship permitted for repair and renovation funding under income-tax charitable provisions.
The Central Government specifies a temple trust as a place of public worship for the Income-tax Act charitable-deduction provision, limited to repair and renovation work inside the Chuttabalam, and subject to a monetary ceiling and a temporal expiry that ends on attainment of the stated collection limit or on the specified calendar date, whichever is earlier.

TDS jurisdiction expanded: Hyderabad Commissioner authorised for withholding on specified taxpayers under chapters governing tax deduction, with certain exclusions.
The amendment designates the Commissioner of Income-tax (TDS), Hyderabad, as the authority for the Revenue District of Ranga Reddy and Hyderabad, covering specified classes of residents, non-corporate taxpayers with principal place of business there, and companies with registered office or principal place of business in the area, and vests that Commissioner with all powers and functions relating to deduction or collection of tax under the Chapters on tax deduction and collection at source, excluding the provision on lower deduction certificates.

Amendment to income-tax notification updates designation and jurisdiction of Chief Commissioner, Hyderabad-I; effective from publication.
Amendment substitutes serial number 69 in Schedule I to notification S.O. 733(E), designating Chief Commissioner of Income Tax, Hyderabad-I at Hyderabad and listing as its jurisdiction the Commissioners of Income-tax Hyderabad-I, Hyderabad-IV, Hyderabad-V, Commissioner (CIB) Hyderabad and Commissioner (TDS) Hyderabad; made under section 120 of the Income-tax Act and effective from publication in the Official Gazette.

Tax exemption under section 10(23C)(iv): notification subjects Dock Labour Board income to charitable-use and compliance conditions.
The Central Government notifies the Clearing & Forwarding Unprotected Dock Labour Board, Mumbai as exempt under section 10(23C)(iv) for assessment years 1996-1997 to 1998-1999, subject to conditions that income be applied or accumulated solely for the entity's objects, investments be restricted to permitted modes, business income be excluded unless incidental and separately accounted, regular tax returns be filed, and on dissolution surplus assets be transferred to a like charitable organisation.

Tax exemption under Section 10(23)(v) with conditional charitable-use and compliance requirements for notified trust period.
Notification confers tax-exempt status under Section 10(23)(v) on Amrit Nath Ashram, Kolkata, for the stated assessment years, conditional on exclusive application or accumulation of income for its objects, investment of funds only in forms permitted under Section 11(5), business income being incidental and separately accounted for, regular filing of income-tax returns, and, upon dissolution, transfer of surplus and assets to a charitable organisation with similar objectives.

Tax exemption recognition for a sports association granted subject to compliance, investment and dissolution conditions.
Notification grants tax exemption recognition to the Tamil Nadu Tennis Association, Chennai for assessment years 2001-2002 and 2002-2003 subject to conditions: income must be applied or accumulated wholly and exclusively to its objects; funds must be invested only in permitted forms (with limited exceptions for voluntary contributions held as jewellery or furniture); business income is excluded unless incidental and separately accounted; regular filing of income-tax returns is required; and on dissolution surplus and assets must be transferred to a charitable organisation with similar objectives.

Tax exemption for specified priority sector bonds requires holder registration to qualify for tax benefit.
Specifies tax exemption under section 10(15)(iv) for a designated issue of secured non-convertible priority sector tax-free bonds, identified by series, face value, coupon range, tenor and distinctive numbers, and makes the exemption conditional on the bondholder registering his or her name and holdings with the issuer corporation.

Income-tax rules amended to standardize self-assessment tax reporting and require bank account details for refunds.
Amendment to Income-tax Rules, 1962 revises Appendix II forms to substitute item entries for Self Assessment Tax (distinguishing payments made on or before 31 May 2004 and after), standardizes codes for return items, amends Schedule G to require challan/BSR/branch details for self-assessment tax, mandates bank-account particulars in Schedule H for refund cases, and replaces Schedule J to detail tax on distributed profits including additional tax, surcharge, interest and balance computations.

Tax exemption under section 10(23) granted subject to exclusive application of income, investment limits, and dissolution transfer conditions.
Notification grants tax exemption to the Sports Authority of India for specified assessment years provided it applies or accumulates income exclusively to its objects, limits investments to permitted modes, treats business income as exempt only if incidental with separate accounts, files returns regularly, and on dissolution transfers surplus and assets to a charitable organisation with similar objectives.