Arm's length price determination: other method permits use of comparable uncontrolled transaction prices to fix transfer pricing.
Insertion of an other method for determining the arm's length price permits use of prices charged or that would have been charged in same or similar uncontrolled transactions between non-associated enterprises under similar circumstances, considering all relevant facts, and the existing rules are amended to recognise this method as an additional means to compute arm's length pricing for international transactions.

Special Deposit Scheme interest rate notified to apply from April and continue until further orders.
Deposits under the Special Deposit Scheme for non-government provident, superannuation and gratuity funds shall bear interest at 8.8% per annum with effect from 1 April 2012 and until further orders.

Section 35AC eligible project extension granted for hospital expansion; eligibility continued but no certificate for lapsed financial year.
The Central Government notifies extension of eligibility for the expansion of Khaja Bandanawaz Teaching & General Hospital as an eligible project for a further three-year period commencing 2011-12, maintaining the approved project cost unchanged, following the National Committee's recommendation; however, no certificate shall be issued for the lapsed first year of the extended period.

Section 35AC eligibility extended for Mobility Camp scheme; project period extended and project cost ceiling amended.
The Central Government, following the National Committee's recommendation that the "Mobility Camp for the physically challenged" is being properly executed, notifies extension of the scheme's eligibility under Section 35AC for a further three financial years beginning 2012 13 and amends the earlier notification to increase the maximum project cost allowed for deduction, thereby updating the ceiling applicable to deduction claims for expenditure on the specified charitable project.

Section 35AC project eligibility extended for further period; certificate barred for the lapsed financial year.
Section 35AC notification extends eligibility of "Shree Nirdoshanandji Manav Seva Trust Hospital" as an approved project for a further three year period commencing with the financial year 2011 12, without any change in the approved project cost, following the National Committee's recommendation; however, no certificate under the provision shall be issued for the lapsed first year of that renewed period.

Section 35AC eligibility extended for Social Service Centre's infrastructure scheme, continuance granted for a further period.
Under section 35AC the Central Government specifies the Social Service Centre's infrastructure scheme for Educational, Vocational, Medical, Social and Economic development of the disabled and SC community as an eligible project or scheme for a further period of three years commencing with the financial year 2012 13, following the National Committee's recommendation and confirming no change in the approved project cost.

Tax-exempt project designation under section 35AC extended, preserving approved project cost and eligibility for a further three-year period.
The Central Government, on the recommendation of the National Committee and under the Income-tax deduction provision, notifies the "Project for free treatment for cancer patients at New Civil Hospital Campus, Asarwa, Ahmedabad" carried out by The Gujarat Cancer Society as an eligible project or scheme for tax benefit purposes for a further three-year period beginning with the financial year 2012-13, preserving the previously approved project cost.

Section 35AC notification extends eligibility of Integrated Rural Development scheme for three further financial years under approved cost.
Notification under section 35AC designates the Integrated Rural Development project by Om Prakash Jindal Gramin Jankalyan Sansthan as an eligible scheme for tax-deduction purposes for three further years beginning 2012-13, maintaining the approved project cost at 61.00 crore and based on the National Committee's recommendation under rule 11M of the Income-tax Rules, 1962.

Tax deduction eligibility extended for Bhagyoday General Hospital expansion project for an additional three-year period under existing approval.
Notification extends eligibility of the Bhagyoday General Hospital expansion project for donor tax incentives for a further three years commencing 2012-13, without changing the previously approved project cost including the corpus fund, based on the National Committee's recommendation and under the procedural framework of the income-tax rules.

Eligible project notification extended for three financial years under tax incentive scheme, retaining the approved project cost and corpus.
The Central Government notifies the ANJALI project for continued eligibility under the tax incentive provision, extending the scheme for three further financial years beginning 2012-13 while maintaining the approved project cost of Rs. 571 lakh including a corpus fund of Rs. 25 lakh. The extension is made following the National Committee's recommendation confirming proper execution and after noting prior notifications and cost enhancements.

Specification under section 35AC extends eligible rehabilitation scheme but forbids certificates for already lapsed financial years.
Specification under section 35AC designates the Comprehensive Rehabilitation Services for the deafblind by Sense International (India) as an eligible project and extends its specified status for a further three-year period beginning with the financial year 2010-11 while preserving the approved project cost; however, because the first two years of that period have lapsed, no certificate under section 35AC shall be issued for those lapsed years.

Section 35AC eligible project extension: Health Care project's notified eligibility renewed for an additional three-year period.
The notification renews the eligible project designation under the Income-tax Act for the Health Care project carried out by Sree Lakshmi Jabbi Reddy Charitable Trust for a further three financial years, on the committee's recommendation and without altering the approved project cost.

Section 35AC notification extends eligibility of Sarvoday Eye Hospital eye-care project for three financial years at Radhanpur and Rajasthan.
Notification under section 35AC declares the "Eye operation, equipments/instrument for Sarvoday Eye Hospital/Eye Camps at Radhanpur, Gujarat and Rajasthan" as an eligible project for a further three years commencing 2012-13, on the recommendation of the National Committee under rule 11M(5), with no change to the approved cost of one hundred and twenty-five lakh, and exercising powers under sub-section (1) read with clause (b) of the Explanation to section 35AC.

Notification under Section 35AC: Extension of eligibility for a notified school construction scheme for a further multi-year period.
The Central Government, exercising powers under sub-section (1) read with clause (b) of the Explanation to section 35AC, notifies the construction of school, hostel and residence quarters at Village Sola by Shri Apang Abhyudaya Mandal as an eligible project under section 35AC for a further three-year period beginning with financial year 2012-13, without change to the approved cost of Rs. 100.00 lakh, based on the National Committee's recommendation and noting the project's likely duration beyond fourteen years.

Tax-incentive notification extends Prayas Juvenile Aid Centre's eligibility for a further three-year period but bars certification for the lapsed initial year.
Notification extends tax-incentive eligibility for Prayas Juvenile Aid Centre, Delhi for a further three-year period beginning with financial year 2011-12, following a National Committee recommendation that the project is properly executed; the approved project cost remains unchanged and, because the first year of the extension has lapsed, no certificate under the tax-incentive provision will be issued for that lapsed year.

Section 35AC tax benefit extended for Jagshanti Udayan Care Hostel scheme for three financial years.
Notification under Section 35AC extends the designation of "Jagshanti Udayan Care Hostel for Women" by Udayan Care as an eligible project or scheme for a further three years beginning with financial year 2012 13, maintaining the approved cost at Rs. 310.00 lakh including a corpus fund of Rs. 210.00 lakh, following a recommendation by the National Committee for Promotion of Social and Economic Welfare.

Section 35AC notification extends eligible project period and increases approved project cost for hospital scheme.
The Central Government, exercising powers under section 35AC, re-notifies the scheme "Construction and running of J. Watumull Global Hospital & Research Centre at Mount Abu" as an eligible project for a further three-year period beginning with financial year 2012-13 and amends the earlier notification to substitute a higher sanctioned maximum project cost figure including a specified corpus fund, following a recommendation by the National Committee for Promotion of Social and Economic Welfare.

Section 35AC eligibility extended for Kailash Cancer Hospital project, granting a further three-year period for eligible expenditure.
The notification extends eligibility for tax-deductible expenditure to the project for construction, furnishing, purchase of equipment and water works of Kailash Cancer Hospital and Research Centre by Muni Seva Ashram for a further three-year period commencing with the financial year 2012-13, following the National Committee's recommendation and without any change in the approved project cost.

Section 35AC notification extends eligibility of a school construction scheme providing free education and allied support.
The Central Government, under section 35AC, re-notifies the Shirdi Sai Baba Temple Society's project for construction of a school building and provision of free education, food, clothing, study material and health care for economically weaker sections as an eligible project for a further three-year period beginning 2012-13, without change to the approved project cost, following a recommendation from the National Committee for Promotion of Social and Economic Welfare under the Income-tax Rules.

Section 35AC notification extends eligibility of a holistic home-based palliative care scheme by Can Support for an additional three-year term.
The Central Government re-notifies the palliative care project carried out by Can Support as an eligible project or scheme for a further three-year period following the National Committee's recommendation, preserving the approved project cost without change and limiting renewed eligibility to the three financial years beginning with 2012-13.