Section 269UB powers: substitution of Appropriate Authority entry appoints a new Chief Engineer for tax administration.
Under Section 269UB the Central Government amends Notification No. S.O. 392(E) by substituting, in the Table against Serial No. 1 for the Appropriate Authority, item (iii) with the entry "Shri Chandra Pal, Chief Engineer," effected by Notification No. 0585(E) recorded under File No. 316/68-89-OT.

Appointment under Section 269UB substitutes the Appropriate Authority for Madras with a new Chief Engineer.
The Central Government, exercising powers under Section 269UB of the Income-tax Act, 1961, amends Notification S.O. 684(E) by substituting, in column 2 of the Table against Serial No. 4 (Appropriate Authority, Madras), item (iii) so that it now reads "(iii) Shri Chandra Pal, Chief Engineer" as reflected in Notification No. 0584(E) dated 27-07-1989.

Notification under section 269UB amended to substitute the designated Appropriate Authority by name in the official table.
The Central Government, exercising powers under sub-sections (1) and (2) of section 269UB of the Income-tax Act, amends Notification No. S.O. 684(E) dated 24th May, 1986 by substituting the item (i) against Serial No. 1 in the Table with a newly designated Appropriate Authority. The change is effected by Notification No. 0583(E) dated 27-07-1989 and limited to replacing the named official in the notification's table.

Appointment of Appropriate Authority under section 269UB: Shri N. Vembu named Chief Engineer replacing prior entry.
The Central Government, exercising powers under section 269UB of the Income-tax Act, 1961, amends notification S.O. 392(E) to substitute item (iii) against Serial No. 1 in column 2 of the Table for the Appropriate Authority, Bangalore. The substituted entry names "Shri N. Vembu, Chief Engineer" as the designated Appropriate Authority for Bangalore, recorded under File Number 316/68/89-OT.

Tax-free NTPC bonds specified for tax-preferential treatment; benefit available only after holder registers holding with issuer.
Central Government specifies 10-year 9% tax-free secured redeemable non-convertible bonds issued by National Thermal Power Corporation Limited (V Issue private placement) as within the scope of the Income-tax Act item that treats certain bond interest as tax-free. The benefit is admissible only if the holder registers his name and holding with the issuing Corporation.

Research approval under section 35(1)(ii): association must maintain separate research accounts and file prescribed annual audited returns.
Approval under section 35(1)(ii) is granted to The Mangalam, Lucknow, as an Association for scientific research purposes, conditional on maintaining a separate research account, filing prescribed annual returns of research activities by 31st May, submitting audited accounts and balance sheet to the prescribed authority and tax authorities by 30th June, and applying for renewal at least three months before approval expiry; late applications risk rejection.

Specified bond designation under tax proviso: transfer benefit conditional on transferee notifying issuer by registered post.
The notification specifies that the named HDFC bonds are covered by the proviso to section 193, and makes the proviso's benefit conditional on transfers by endorsement or delivery only if the transferee notifies the issuer by registered post within sixty days of such transfer.

Specified bond designation under tax withholding rules: bond transfers require notice to issuer to secure withholding benefit.
Central Government designates the "12 per cent. HDFC Corporate Bonds-II Series" as specified bonds under the proviso to the withholding tax provision, making the bonds eligible for the proviso's benefit. The benefit is conditional: the transferee must notify the issuer by registered post within sixty days of transfer by endorsement or delivery for the benefit to be admissible.

Tax exemption for specified PFC bonds requires holder registration to claim the tax-free interest benefit under law.
The notification specifies 10-year 9% tax-free secured redeemable non-convertible bonds issued by Power Finance Corporation as eligible for exemption under clause (15)(iv)(h) of section 10 of the Income-tax Act, and provides that the exemption is admissible only if the holder registers his name and holding with the issuing corporation, making registration a mandatory condition for claiming the tax benefit.

Tax exemption notification under section 10(23C)(v) confirms institutional eligibility for specified assessment years by central government.
Central Government notifies The Institute of the Franciscan Missionaries of Mary Society No. 11 as eligible under the sub clause of the Income tax Act provision addressing charitable institution recognition; the notification covers the assessment years 1985 86 to 1987 88 and states the statutory basis for recognition and temporal scope.

Income-tax notification under section 10(23C)(v): Shri Durgiana Committee notified and recognised for assessment year 1989-90.
The Central Government, exercising the power under sub-clause (v) of clause (23C) of section 10 of the Income-tax Act, notifies Shri Durgiana Committee, Amritsar as an entity covered by that provision for the assessment year 1989-90, thereby recording its recognition for tax treatment under the statute.

Source taxation principle emphasized: concessional withholding on dividends, interest, royalties and technical fees to facilitate cross-border investment.
A bilateral convention replacing the 1960 agreement emphasises the source taxation principle: business profits are taxable in the other state only if earned through a permanent establishment, and dividends, interest, royalties and fees for technical services are taxable in the source country at concessional rates; the Convention enters into force after exchange of instruments of ratification.

Appointment of Appropriate Authority updated by substituting the designated official in the income-tax notification.
The Central Government, exercising powers under the Income-tax Act, substitutes item (iii) against Serial No. 4 in the Table to Notification No. S.O. 684(E) (24 May 1986), relating to the Appropriate Authority for Madras, by naming the specified officer as the designated official in that notification.

Notification under section 10(23C)(iv) designates Vivekananda Nidhi as a notified institution for tax exemption purposes.
Notification under section 10(23C)(iv) of the Income-tax Act, 1961 designates Vivekananda Nidhi, Calcutta as a notified institution; the Central Government issued S.O.3107 dated 27-6-1989 to notify the entity for assessment years 1987-88 to 1989-90, thereby recognising it within the statutory framework of clause (23C)(iv).

Mutual fund specification: LIC Mutual Fund designated as a public financial institution mutual fund under income-tax provision.
The Central Government, exercising statutory power under the cited clause of section 10, specifies LIC Mutual Fund established by the Life Insurance Corporation as a mutual fund of public financial institutions for the purposes of the relevant income-tax provision, formally recognizing its status under that statutory framework.

Rounding of fractional savings deposits mandated; fractional entries must be rounded up to the next standard postal increment on deposit.
The amendment to the Post Office Savings Account Rules, 1981 substitutes sub rule (7) of rule 5 to require that deposits not in multiples of the smallest published paise increment shall be rounded upward to the next integer of the five paise increment; the rule is made under statutory rule making power and comes into force on publication in the Official Gazette.

Research programme approval under section 35(2A) - subject to separate accounts, annual returns and audited statements to tax authorities.
Approval is granted for the "Common Workshop" scientific research programme under sub section (2A) of section 35 of the Income tax Act. Approval is subject to maintenance of a separate project account, annual submission of project returns to the Council by 31 May in prescribed form, and annual submission of an audited statement of accounts with assets and liabilities to the Council by 31 May together with a copy to the concerned Income tax Commissioner.

Reciprocal exemption for international shipping and aviation income exempts qualifying residents and corporations from foreign tax obligations.
A reciprocal exemption exempts residents and qualifying corporations of each Contracting State from tax on gross income from the international operation of ships and aircraft in the other State, subject to a corporate ownership test (over 50% resident ownership or equivalent reciprocal treatment) or a market trading test, with gross income defined to include rentals, bareboat charters, container rentals, pool participation income, interest linked to operations, and gains on disposition; the agreement amends the 1976 treaty and is effective for taxable years beginning on or after January 1, 1987.

Approval under section 35(1)(ii) recognition requires separate research accounts, annual audited returns and timely renewal application.
Approval is granted to Skin Institute Research Society under Section 35(1)(ii) as an "Institution" subject to maintaining a separate account for research receipts, furnishing annual returns of scientific research activities by 31 May, submitting audited annual accounts and balance-sheet to the prescribed authority by 30 June with copies to the Central Board of Direct Taxes, DGIT (Exemption) and the concerned Commissioner, and applying for extension before approval expiry. The notification is effective from 23 March 1989 to 31 March 1989.

Research institution approval under section 35(1)(ii) grants conditional tax-recognition subject to accounting and reporting requirements.
Approval is granted to Anam Scientific Technological Applied Research Foundation, Kadiyam, under section 35(1)(ii) as an "Association" for the period 1 April 1987 to 31 March 1989, subject to conditions: maintain separate research accounts; file annual research activity returns by 31 May; submit audited accounts and balance-sheet to the prescribed authority by 30 June with copies to the Central Board of Direct Taxes, DGIT (Exemption) and the concerned Commissioner; and apply to the Central Board of Direct Taxes and DGIT (Exemption) for extension.