Specification of eligible project under section 35AC extended; eligibility renewed and project cost ceiling increased.
Specification under section 35AC designates the Tiruvarur Lions Eye Hospital construction, equipment and furnishing project as eligible for deduction, renewing eligibility for three years beginning with assessment year 2001-2002; the notification also amends the maximum project cost allowed for deduction, increasing the previously specified cost ceiling following the National Committee's recommendation under rule 11M.

Specification of eligible project under Explanation to section 35AC: hospital construction and operation extended further.
Acting under the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC, the Central Government specifies the trust's scheme of construction, furnishing and running of a hospital at Crozaria, Distt. Mehsana, Gujarat, at an estimated cost of rupees fifty-nine lakhs as an eligible project for a further period of three assessment years commencing with the assessment year 2003-2004, following a recommendation from the National Committee that the project is being executed properly and is likely to extend beyond six years.

Eligible project specification under Explanation to section 35AC extends tax-benefit eligibility for tuberculosis prevention and research.
The Central Government re-specifies under the Explanation to section 35AC the tuberculosis prevention, treatment and research scheme run by Shri K.J. Mehta T.B. Hospital and rural camps in Gujarat as an eligible project or scheme for tax-benefit purposes for a further three-year period following a National Committee recommendation that the project is being executed properly, and identifies the implementing entity, geographic scope and estimated Endowment Fund cost.

Specified project under Section 35AC extended for three further assessment years after National Committee recommendation.
Central Government re specifies the project for construction, equipment, furnishing and running of Andh Kalyan Kendra (Blind Welfare Centre) at Village Ranip, Ahmedabad as an eligible scheme under the Explanation to section 35AC of the Income tax Act, following a positive National Committee recommendation, and extends its eligibility for a further three assessment years commencing with assessment year 2003 04 at the estimated project cost stated in the notification.

Tax exemption approval requires compliance, audited books and timely audit reports or approval may be withdrawn.
Approval of M/s Orissa Power Generation Corporation Ltd. for tax-exempt status is conditional on conformity with the tax-exemption provisions and applicable rules, maintenance of books of account, obtaining a statutory audit by an accountant, and furnishing the prescribed audit report; the Central Government may withdraw approval if the enterprise ceases to carry on an infrastructure facility or fails to meet the bookkeeping, audit, or reporting requirements.

Section 10(23G) approval maintained for infrastructure project, conditional on compliance, audit requirements and agreement obligations.
Approval is granted to M/s GMR Tuni Anakapalli Expressways Pvt. Ltd. under the income tax exemption for infrastructure undertakings for assessment years 2002-2003 to 2004-2005, conditional on conformity with the relevant income tax provision and rules. The Central Government may withdraw approval if the enterprise ceases to carry on the infrastructure facility, fails to maintain books and obtain the required audit by an accountant, or fails to furnish the prescribed audit report.

Tax jurisdiction reassignment sets territorial commissioner boundaries and classifies taxpayers by residence, business location, and company registration.
Amendment substitutes specified Schedule entries to assign territorial jurisdiction to named Commissioners of Income-tax for listed districts and municipal areas, and delineates three taxpayer categories governed in each area: (a) resident non-corporate persons with non-business/non-professional income, (b) non-corporate persons whose principal place of business lies within the area, and (c) companies registered under the Companies Act with registered office or principal place of business in the area.

Notification under income tax provision: cultural centre granted tax exemption subject to investment, accounting and dissolution conditions.
Notification grants tax exemption to the North Zone Cultural Centre, Patiala for the assessment year 1998-99 subject to conditions: exclusive application or accumulation of income for institutional objects; investment of funds only in permitted forms; exclusion of business income unless incidental and separately accounted; regular filing of returns; and transfer of surplus and assets on dissolution to a charitable body with similar objects.

Notification under clause 23C confers tax-exempt status to a temple subject to application, investment, business and dissolution conditions.
Notification grants the Arulmigu Subramanyanswamy Temple tax-exempt recognition under clause (23C)(v) for specified assessment years subject to conditions: income must be applied or accumulated exclusively for its objects; investments (except certain voluntary contributions in kind) are limited to prescribed modes; business profits are excluded unless incidental and kept in separate books; regular filing of returns is mandatory; and on dissolution surplus assets must go to a like-minded charitable organization.

Charitable trust recognition: exemption under income-tax clause subject to conditions on income use, investments, business income, returns and dissolution.
Notification recognizes the Shree Saptashrung Nivasini Devi Trust for income-tax exemption under clause (23C)(v) subject to conditions: income must be applied or accumulated solely for the trust's objects; investments and deposits must be in permitted forms (except specified voluntary contributions); business income is excluded unless incidental and maintained in separate books; regular filing of income-tax returns is required; and on dissolution the surplus and assets must be transferred to a charitable organization with similar aims.

Tax exemption notification: charitable society notified subject to income application, investment, accounting and reporting conditions for prior assessment years.
Notification designates Bharatiya Bhasha Parishad, Kolkata as eligible for tax-exempt treatment for specified assessment years provided it applies or accumulates income solely to its objects, limits investments to permitted forms, treats business income as excluded unless incidental and separately accounted, files returns regularly, and on dissolution transfers surplus and assets to a similarly purposed charitable organization.

Charitable fund notification: Kerala Chief Minister's Distress Relief Fund recognised subject to compliance with application, investment, accounting, filing and dissolution rules.
Notification designates the Chief Minister's Distress Relief Fund, Government of Kerala, as eligible for income tax exemption for specified assessment years, conditional on applying income wholly to charitable objects, restricting investments to permitted modes (with limited allowance for voluntary contributions in the form of jewellery or furniture), treating business income as taxable unless incidental with separate books, timely filing of returns, and transferring surplus assets on dissolution to a like charitable organization.

Tax exemption notification for a cultural centre with conditions on investment, business incidentalness, returns and asset transfer.
Notification recognises the North Zone Cultural Centre, Patiala as eligible under clause (23C)(iv) of section 10 of the Income-tax Act for assessment year 1997-98 subject to conditions: apply or accumulate income exclusively for its objects; restrict investments to forms permitted by the Act (except certain voluntary contributions held as property); exclude business income unless incidental and separately accounted; file returns regularly; and on dissolution transfer surplus and assets to a charitable organisation with similar objectives.

Charitable status recognition: notification grants tax-exemption subject to income use, investment, accounting, filing and dissolution conditions.
Notification grants recognition under clause (23C)(v) of section 10 to Sri Veera Venkata Satyanarayana Swamy Devastannam, subject to conditions: income must be applied or accumulated solely for its objects; investments restricted to modes in section 11(5) except specified tangible contributions; business profits excluded unless incidental and separately accounted; regular filing of income-tax returns is required; and on dissolution surplus and assets must go to a similar charitable organization.

Correction to tax approval: enterprise name and project particulars corrected for an approved exemption under section 10 clause 23G.
Corrigendum amending Notification No. 192/2002 to correct the name and address of the enterprise approved under clause (23G) of section 10, specifying the corrected corporate name and postal address and reconfirming the project's description and location at Samalpatti, Tamil Nadu, as the operative particulars tied to the existing approval.

Deduction under section 35AC: approval of institutions and specified project costs eligible for tax deduction.
Central Government approval under section 35AC designates specific institutions and their eligible projects, sets estimated project costs and the maximum amounts allowable as deductions under section 35AC, and limits the application of those approvals to the assessment years 2003-2004, 2004-2005 and 2005-2006; certain entries include corpus fund components and subsequent notes record substitutions to previously stated amounts.

Research exemption approval requires separate research accounts, annual reporting, and audited submission to tax and research authorities.
Approval granted to M/s Zandu Foundation for Health Care as an Association for research-related tax exemption subject to maintaining separate research accounts, filing an annual return of scientific research activities with the Department of Scientific & Industrial Research by 31st May, and submitting audited annual accounts and audited research income and expenditure accounts by 31st October each year to specified tax and research authorities, in addition to the regular income tax return; renewal applications must be submitted in triplicate through the tax exemption authority and copies sent to the Department.

Research exemption approval requires separate research accounts and annual audited filings to tax and research authorities.
Approval under section 35(1)(ii) recognizes M/s Zandu Foundation for Health Care as an eligible research Institution subject to maintaining separate books for research, filing an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited research income & expenditure accounts to the Director General of Income Tax (Exemptions), the Secretary DSIR, and the Commissioner/Director of Income Tax (Exemptions) by 31 October, in addition to its return of income; renewal applications must be submitted in triplicate.

Tax exemption notification under clause (23) Section 10: association notified subject to conditions on income use, investments, and business.
Notification under clause (23) of section 10 notifies the Poona District & Metropolitan Badminton Association, Pune for assessment years 1993-94 to 1995-96 subject to conditions: income must be applied or accumulated per modified section 11 provisions solely for the association's objects; funds (except specified voluntary contributions in tangible form) must be invested only in forms/modes under section 11(5); income may not be distributed to members except as grants to affiliated bodies; business income is excluded unless incidental to objectives and maintained in separate books.

Tax exemption recognition under clause 23C(iv) requires fund to apply income exclusively and meet specified compliance conditions.
Notification designates the Punjab Calamity Relief Fund as eligible under clause (23C)(iv) for the stated assessment years, conditioned on applying or accumulating income wholly and exclusively for its objects; restricting investments to permitted modes (except certain in-kind voluntary contributions); excluding business income unless incidental with separate books; regular filing of income-tax returns; and transfer of surplus and assets on dissolution to a similar charitable organization.