Tax settlement procedure sets application, disclosure, commissioner report and confidential hearings framework for settlements.
The rules establish the procedural framework for settlement applications: definitions and composition of the Commission; filing modalities; forwarding of applications to the Commissioner for report; requirements that applicants furnish a signed, verified statement of facts with annexures and terms of settlement (and affidavits for facts not on record); transmission of those materials to the Commissioner; notification of hearing; verification requirements for additional facts; authorised representative authorisation; confidentiality of proceedings; adjournment powers; and re-consideration where a member was absent.

Specification of Settlement Officers under Income Tax Act empowers Board of Revenue officials to perform settlement functions.
Central Government, exercising the power conferred by the identified sub-clause of the Income-tax Act, specifies Settlement Officers and Assistant Settlement Officers of the Board of Revenue, Government of West Bengal for the purposes of that provision, thereby designating those revenue board officials as the authorities competent to perform settlement functions under the Act by notification.

Specification of Settlement Officers under income tax law designates board officials to perform settlement functions by notification.
Central Government, under section 138 of the Income-tax Act, designates Settlement Officers and Assistant Settlement Officers of the Board of Revenue as the officers empowered to perform settlement functions by formal notification.

Notification amendment clarifies that the scheme applies to the financial year 1974-75, correcting earlier wording.
The Central Government, under the power conferred by the Interest-tax Act, 1974, amends Notification No.1319 dated 15 May 1976 by replacing "under the Scheme for the year 1974....." with "under the Scheme for the financial year 1974-75---" to correct the temporal description of the scheme.

Research exemption under Section 35(1)(ii) approved for Loyola Academy subject to separate accounting and annual reporting requirements.
Exemption under Section 35(1)(ii) is granted to Loyola Academy, Hyderabad for 1-4-1976 to 31-3-1979, subject to conditions: maintain a separate account for sums received for scientific research limited to natural and applied sciences (excluding agriculture, animal husbandry, fisheries and medicines), and furnish annual returns of scientific research activities to the prescribed authority in prescribed forms.

Tax exemption notification under section 10(23C)(v) designates Shree V.V.S.S. Devasthanam Annavaram as eligible.
Central Government notification S.O.3396 dated 21-6-1976 notifies Shree V. V. S. S. Devasthanam Annavaram under clause (v) of sub-section (23C) of section 10 of the Income-tax Act, declaring the institution eligible for the purposes of that provision with effect from assessment year 1974-75 and bringing it within the statutory tax-exemption framework.

Specified bonds under section 80L designated for tax purposes following issuance by Industrial Reconstruction Corporation in March 1976.
The Central Government specifies the 6 per cent ten year Bonds, 1986-First Series-issued by the Industrial Reconstruction Corporation of India Limited between 29 March 1976 and 31 March 1976, as instruments falling within clause (ii) of sub section (1) of section 80L of the Income tax Act, 1961, thereby bringing that specific issue within the statute's qualifying tax framework.

Foreign travel tax exemption when fare is paid from a Non-resident (External) Account and bank certificate produced.
Exemption from foreign travel tax is granted where the passenger pays the fare in Indian currency by debit to or by cheque drawn on his or her Non-resident (External) Account with a bank in India, provided the passenger produces a bank certificate in the specified annexure form confirming the payment and account details.

Exemption under section 35(1)(ii): approval for Computer Society of India, Bombay subject to accounting and annual reporting conditions.
Exemption under section 35(1)(ii) is granted to the Computer Society of India, Bombay, effective from 1-1-1976, subject to conditions: the Society must maintain a separate account for sums received for scientific research and furnish an annual return of its scientific research activities to the prescribed authority in notified forms for each financial year by 30th April.

Place of public worship designation grants Mulbagal Sri Anjaneyaswamy Temple recognition for income tax charitable-purpose benefits.
The Central Government notifies the Mulbagal Sri Anjaneyaswamy Temple, Mulbagal, Kolar District, as a place of public worship of renown throughout the State of Karnataka under section 80G of the Income tax Act, 1961, thereby recognising the temple for purposes of the Act's provisions relating to charitable and religious institutions.

Research exemption under Section 35(1)(ii): approval conditioned on separate research accounts and annual reporting by deadline.
Approval under clause (ii) of sub-section (1) of section 35 is granted to the Indian Register of Shipping subject to conditions: maintain a separate account of sums received for scientific research in natural and applied sciences excluding agriculture, animal husbandry, fisheries and medicines; and furnish annual returns of scientific research activities to the prescribed authority in prescribed forms by 30th April each year. The approval is effective for three years from 1st April, 1976.

Exemption under section 35(1)(ii) approved for National Institute of Mental Health & Neuro-Sciences; reporting required.
The National Institute of Mental Health & Neuro-Sciences, Bangalore, is approved by the prescribed authority for the tax exemption applicable to research institutions; the Institute must submit annual reports and returns on research activities, donations received and actual expenditure incurred exclusively for research to the prescribed authority, and the approval is effective for two years from 5-6-1976.

Research exemption approval requires separate accounts and annual scientific-activity returns, establishing conditional institutional recognition.
Exemption under section 35(1)(ii) is approved for Motilal Nehru Regional Engineering College, Allahabad, for research in natural and applied sciences (excluding agriculture, animal husbandry, fisheries and medicines), subject to maintaining a separate account for research receipts and submitting an annual return of scientific research activities to the prescribed authority by 30 April each year; the notification is effective from 1 April 1976.

Exemption under section 35(1)(ii): institutional approval conditioned on separate research accounts and annual reporting requirements.
Approval under exemption under section 35(1)(ii) is granted to the Indian School of Mines, Dhanbad, subject to maintaining a separate account for research funds and furnishing an annual return of scientific research activities to the prescribed authority in the specified form by the prescribed annual deadline; the approval takes effect from the stated commencement date and is conditional on continued compliance.

Research expenditure exemption: institution approved for tax relief subject to annual reporting and prescribed authority oversight.
Baroda Cancer Detection Centre, Baroda is approved by the Indian Council of Medical Research as the prescribed authority for clause (ii) of sub section (1) of section 35 of the Income tax Act, enabling research expenditure exemption subject to conditions. The Institute must submit annual reports and returns on research activities, donations received and actual expenditure incurred exclusively for research to the prescribed authority. The approval notification is effective for two years from 5 6 1976.

Research exemption approval conditioned on continued scientific activity, annual reporting, and segregated research accounts.
Approval for the research exemption was granted to Banasthali Vidyapith College of Arts and Science for natural and applied sciences research, subject to a limited validity period and possible withdrawal if research is not undertaken. The college must file annual returns of scientific research activities to the prescribed authority by 30th April each year and maintain a separate account for funds received for permitted research, excluding agricultural, animal husbandry, fisheries and medical research.

Section 10(23C)(iv) notification: tax-exempt status conferred on The Bharat Scouts & Guides effective assessment year 1976-77.
Notification grants tax-exempt recognition to The Bharat Scouts & Guides under Section 10(23C)(iv) of the Income-tax Act, 1961, effected by the Central Government under the powers conferred by clause (iv) of sub-section (23C) of section 10. The instrument records that the organization is notified for the purposes of that provision, with the recognition taking effect from the assessment year 1976-77.

Exemption under section 35(1)(iii): approval conditioned on advisory committee, restricted fund use, and annual reporting requirements.
Exemption under section 35(1)(iii) is approved for Poona District Leprosy Committee subject to: establishment of a competent research advisory committee with approval of all social science research programmes; maintenance of a separate account and exclusive utilisation of funds for leprosy related social research; and submission of an annual report to the Indian Council of Social Science Research detailing funds collected under the exemption and their utilisation.

Place of public worship designation notifies a temple as recognised under the income tax provision for related statutory purposes.
Central Government notification under the Income tax Act, 1961 invokes sub section (2)(b) to declare Sri Lakshminarasimhaswamy Temple, Palayasivaram, Chingleput District, a place of public worship of renown throughout the State of Tamil Nadu for the purposes of the said provision, thereby formally designating the temple under the relevant income tax provision.

Tax exemption notification: Servants of India Society recognised under section 10(23C)(iv), effective from assessment year
The Central Government, exercising powers under clause (iv) of sub section (23C) of section 10 of the Income tax Act, notifies Servants of India Society, Poona for the purposes of that provision, with recognition effective from the specified assessment year.