Exemption under Income-tax provision extended for specified social welfare project, maintaining eligible status for a further three-year period.
The Central Government specifies the project at Ramo Halli, Kengeri, by Shubham Karothi-comprising construction, equipment purchase, furnishing and operation of a school and rehabilitation centre-as an eligible project for a further three years commencing with financial year 2006-07, following a recommendation by the National Committee and without any change in the previously approved cost of two crores.

Tax exemption under section 35AC extended for a charitable hospital's medical equipment and services project, renewing eligibility.
The Central Government specifies the scheme for purchase of equipment, van and ambulance, furnishing, running of medical services and research in herbal and ayurvedic medicines of Shri Chandracharya Dharmarth Chikitsalaya Trust at Amarkantak as an eligible project under section 35AC, and renews its eligibility for a further three-year period commencing from the stated financial year without any change in the approved project cost.

Exemption under Section 35AC extended allowing continued eligibility for hospital development project and preservation of approved project cost.
The Central Government re-specifies the scheme carried out by R.N.S. Trust for interior decoration and finishing of a hospital building and purchase of medical equipment as an eligible project for a further three-year period commencing with financial year 2006-07, following a National Committee recommendation and without any change to the previously approved project cost of Rs. 864.40 lakhs.

Section 35AC exemption extended for Ideal Village project by Vanarai Trust following committee recommendation, cost ceiling unchanged.
Acting under section 35AC, the Central Government specifies the Ideal Village project by Vanarai Trust as an eligible project for a further two-year period commencing 2006-07, following the National Committee's recommendation under rule 11M(5), and preserves the previously approved project cost without change.

Exemption under section 35AC: ALERT-INDIA's leprosy and TB projects designated eligible for tax-deduction extension.
The Central Government specifies ALERT-INDIA's projects-leprosy control in Greater Bombay and New Bombay, a T.B. control project at New Bombay, and an integrated health care project at Airoli-as eligible charitable projects for exemption under section 35AC. Relying on the National Committee's recommendation and prior extensions, the Government extends the projects' eligibility for a further three-year period commencing with financial year 2006-07, without change to the approved project cost.

Exemption under section 35AC extended and eligible project cost ceiling increased for a rural development scheme.
Notification extends for three years the eligibility under section 35AC of the Income tax Act for the AnaRDe Foundation scheme for Socio Economic development of rural areas and amends the earlier notification by increasing the maximum project cost allowable as a deduction, substituting the prior figure in the table with a higher sanctioned ceiling.

Exemption under section 35AC for homeless shelter projects extended and the project cost ceiling increased following committee recommendation.
The Central Government specifies construction of shelters for the homeless and related welfare works by Mother Krishnabai Rural Development Trust as an eligible project for deduction under section 35AC, extends the specification for three years from financial year 2006-07, and amends the earlier notification to increase the maximum allowable project cost in accordance with the National Committee's recommendation.

Exemption under section 35AC extended for specified education projects, preserving approved project cost and three-year eligibility.
Exemption under section 35AC is specified for furnishing and running of the Society for the Education of the Crippled Centre for Independent Living and the Antop Hill School by the Society for Education of the Crippled (Child and Adult) as eligible projects; the National Committee recommended further specification after satisfaction with execution, and the Central Government specifies these projects as eligible for a further three-year period commencing with the financial year 2006-07 without change to the approved project cost.

Exemption under section 35AC extended to Sarvoday Arogya Nidhi's eye operation project, preserving approved project cost and eligibility.
The Central Government, acting under the Explanation to section 35AC of the Income tax Act and on the National Committee's recommendation under rule 11M(5), specifies the eye operation scheme and associated equipment for Sarvoday Eye Hospital/Eye Camps at Radhanpur, Gujarat and Rajasthan as an eligible project for a further three year period commencing with financial year 2006 07, without any change in the approved project cost of Rs.67.00 lakhs.

Section 35AC exemption extended for a school construction project and the eligible project cost revised accordingly.
Exemption under section 35AC is specified for construction of school, hostel and residence quarters at Village Sola by Shri Apang Abhyudaya Mandal for a further two years commencing financial year 2007-08, following the National Committee's recommendation that the project is properly executed and likely to extend beyond nine years. The notification also amends the Table at serial number 10 in the original notification to revise the maximum project cost allowable for deduction under section 35AC to the newly specified amount.

Section 35AC exemption extended for Lifeline Express, allowing Impact India Foundation continued project eligibility under existing approved cost.
Section 35AC eligibility is extended to the project "Running of Lifeline Express (hospitals on wheels)" by Impact India Foundation for a further period commencing from the financial year 2006-07, preserving the previously approved project cost and corpus fund without change following recommendation by the National Committee under rule 11M(5).

Section 35AC approvals specify eligible projects and deduction caps for listed social welfare institutions over specified financial years.
The Central Government approves specific institutions as sponsors of eligible projects or schemes for deduction under section 35AC, specifying for each the project description, estimated cost and the maximum amount of that cost allowable as a deduction, and indicating the financial years during which the approval and deduction limits apply, with certain entries omitted or substituted by later notifications.

Income-tax Rules amendment updates form references and adds subsection 4D references, renumbering the audit report form.
Amendment to the Income-tax Rules substitutes Form No. 3B with Form No. 3AE, renumbers the audit report form accordingly, replaces Form No. 3A in Appendix II, and amends rule 12(1) to add references to sub-section (4D) of section 139 alongside existing references to sub-section (4C), with the rules coming into force on publication in the Official Gazette.

Avoidance of double taxation: India-Saudi DTAA sets PE, residence tie breaker, withholding limits and information exchange rules.
The Convention provides a bilateral framework for the avoidance of double taxation and prevention of tax evasion between India and Saudi Arabia, to be applied in India under section 90 of the Income tax Act. It defines persons and taxes covered, residence and tie breaker rules, a detailed permanent establishment regime (including inclusions, exclusions and agency rules), allocation and limitation rules for categories of income (business profits, dividends, interest, royalties, capital gains, employment income, artistes, pensions), methods to eliminate double taxation, a Mutual Agreement Procedure and Exchange of Information safeguards, anti abuse provisions, and entry into force, application and termination mechanics; the Protocol clarifies Zakat treatment and other interpretive points.

Tax exemption for donations to religious institution: amounts received on its behalf excluded from donor's taxable income subject to conditions.
Notification excludes amounts received by any person on behalf of the Nanded Sikh Gurudwara from that person's total income for assessment years 2003-04 to 2005-06, conditioned on the institution applying or accumulating income exclusively for its objects, limiting accumulations above fifteen percent to five years, investing funds only in permitted forms under section 11(5) (with limited exceptions for certain voluntary contributions), treating business receipts as taxable unless incidental and separately accounted, requiring regular return filing, and directing surplus assets on dissolution to a like-minded organization.

Concurrent exercise of assessment powers: authorisation for assessing officers to issue intimations, refunds and rectifications.
Authorisation empowers senior tax officials to issue written orders permitting Assessing Officers to exercise powers and perform functions concurrently in relation to issuance of intimation and refund and the rectification of such intimation under the Income-tax Act, enabling subordinate Assessing Officers to act jointly or interchangeably with other Assessing Officers.

Designation of Tax Authority: Director General, Employees State Insurance Corporation specified under Income-tax law.
Central Government specifies the Director General, Employees State Insurance Corporation as a specified officer under the Income-tax Act provision empowering the Government to designate authorities; the notification formally names that office to perform the functions or receive information contemplated by the statute.

Income tax exemption for industrial areas: specified Uttaranchal localities added to the notified list, with state designation condition.
The notification amends the Schedule to include specified industrial estates and areas in Uttaranchal as notified Industrial Areas eligible for income tax exemption, listing detailed localities by district and plot identifiers. The amendment takes effect on publication, except for listed estates or areas not yet designated by the State Government, for which effect is deferred until the State Government notifies or designates them.

Industrial Park approval: tax benefits conditional on specified infrastructure, minimum units, and compliance with approval terms.
Notification designates M/s. Vizag IT Park Limited's undertaking as an Industrial Park under clause (iii) of sub section (4) of section 80 IA, subject to annexure terms specifying location, area, proposed activity, allocable area percentages, minimum five units, commencement date, investment and infrastructure thresholds, operational continuity by the operator, eligibility for tax benefits only after minimum units are in place, transfer notification obligations, and invalidation/withdrawal consequences for misinformation, unauthorized amendments, or noncompliance.

Industrial Park approval under section 80IA enables tax benefits subject to prescribed operational, investment and compliance conditions.
Notification designates M/s. BIP Developers Private Limited's undertaking as an Industrial Park eligible for tax benefits under clause (iii) of sub section (4) of the relevant tax provision, conditional on specified location, area allocation, minimum units, prescribed investment and infrastructure expenditure thresholds, defined common infrastructure facilities, operational maintenance by the developer, and compliance with FDI and other approval requirements; non disclosure, misinformation, failure to comply, or unauthorized plan amendments will invalidate approval and expose the developer to repercussions.