Industrial Park approval under section 80IA(4)(iii) links tax benefits to infrastructure, unit occupancy, and compliance.
Notification designates the undertaking of M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, as an Industrial Park for tax incentive purposes under clause (iii) of sub section (4) of section 80-IA, subject to terms including specified area allocation, minimum unit occupancy, prescribed infrastructure investment thresholds, scope of infrastructure, cap on single unit area share, continuation of operation by the developer while benefits are claimed, requirement for statutory approvals, procedures for transfer of operation, and invalidation or withdrawal for misinformation or non compliance.

Industrial Park designation enables tax incentives subject to infrastructure, unit-count, and compliance conditions.
Notification designates the Industrial Park at Hanumangarh developed by M/s. Rajasthan State Industrial Development & Investment Corporation Limited as qualifying for tax incentives under clause (iii) of sub-section (4) of section 80-IA, subject to conditions. Eligibility requires specified area allocation, a minimum of 95 units, prescribed minimum infrastructure expenditure (50% of project cost or 60% where built-up space is provided), and provision of common infrastructure facilities. Benefits depend on actual unit location and continued operation by the undertaking; delays, undisclosed material facts, unauthorized amendments, or transfer without intimation invalidate approval.

Industrial Park notification under section 80IA conditions tax benefits on infrastructure spend, unit thresholds and compliance.
Notification under Section 80-IA(4)(iii) designates the Industrial Part of M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, at Jhunjhunu Phase-II as an Industrial Park for tax-benefit purposes, subject to annexed terms: minimum infrastructure investment thresholds, specified industrial allocable area and unit count, prescribed infrastructure components provided on commercial terms, occupancy limits per unit, separate statutory approvals for foreign investment, operation and maintenance by the undertaking during the benefit period, and invalidation or withdrawal of approval for misinformation, delay, amendment without approval, noncompliance, or failure to disclose material facts.

LTU jurisdiction and delegation: Commissioner empowered to exercise and delegate Income-tax Act powers including international taxation.
CBDT designates the Commissioner of Income-tax (LTU), Bangalore to exercise powers under the Income-tax Act, including Chapters XVII-B and XVII-BB, for cases, persons and incomes specified in the Schedule; authorizes the Commissioner to delegate those powers in writing to Joint Commissioners, and authorizes those Joint Commissioners to further delegate to Assessing Officers, for categories of cases specified in the Schedule relating to LTU enrollment and specified tax payment thresholds.

Subordination of income-tax authority: appellate commissioner placed under chief commissioner by statutory notification, effective upon official publication.
Notification under section 118 directs subordination of the Commissioner of Income-tax (Appeals), LTU, Bangalore to the Chief Commissioner (LTU), Bangalore, specifying the superior-subordinate relationship in the Schedule and providing that the notification takes effect from its publication in the Official Gazette.

Appointment of Income-tax authority: Chief Commissioner LTU Bangalore designated to exercise income-tax powers within specified jurisdiction.
The Central Government, under section 117 of the Income-tax Act, appoints specified officer(s) to be income tax authorities, names the officeholder title and headquarters in a Schedule, and provides that the notification takes effect from its publication in the Official Gazette for jurisdictions as specified by the Central Board of Direct Taxes.

Delegation of powers: Chief Commissioner (LTU) Bangalore to exercise functions for LTU Bangalore effective on publication.
The Central Board of Direct Taxes delegates authority under Section 120 to the Chief Commissioner (LTU), Bangalore, to exercise powers and perform functions in respect of the territorial area and matters for which the Commissioner of Income Tax (LTU), Bangalore, has jurisdiction; the Schedule lists designation, headquarters and jurisdiction, and the notification takes effect from its publication in the Official Gazette.

Section 10(23C)(iv) exemption covers income received on behalf of an institution, subject to specified compliance and investment conditions.
Notification exempts income received by any person on behalf of Tamilnadu Trade Promotion Organisation from inclusion in the recipient's total income for the specified assessment years under Section 10(23C)(iv), provided the Institution applies or duly accumulates income for its objects, limits excess accumulation to five years, confines investments to permitted modes, treats business income as exempt only if incidental and separately accounted, files returns regularly, and on dissolution transfers surplus and assets to a like minded organization.

Exemption for institutional receipts: income received on behalf of pharmaceutical organisation exempted subject to operational and compliance conditions.
Exemption provided for income received by any person on behalf of the Organisation of Pharmaceutical Producers of India, Mumbai, so such receipts are not included in the recipient's total income for the relevant assessment years, conditioned on application of income wholly and exclusively to institutional objects or limited accumulation, investment only in permitted modes, business income being incidental with separate books, regular filing of returns, and transfer of surplus and assets to a similar organisation on dissolution.

Approval under Section 35(1)(iii) allows donor deductions for contributions to Sri Aurobindo Society, subject to accounting and audit conditions.
Approval under Section 35(1)(iii) has been granted to M/s. Sri Aurobindo Society for donor tax deductions limited to the category other Institution partly engaged in research activities for the period 1-4-2005 to 31-3-2008, subject to maintaining separate research accounts, filing audited Income & Expenditure accounts by the due date or within 90 days of the notification, and enclosing an auditor's certificate specifying amounts received eligible for deduction and certifying that expenditure was for research in social sciences.

Cost Inflation Index under capital gains computation is specified for the financial year 2006-07 through amendment of the notified table.
Cost Inflation Index for the financial year 2006-07 is specified under section 48 of the Income-tax Act, 1961, through amendment of the existing index table. The index is determined with reference to seventy-five per cent of the average rise in the Consumer Price Index for urban non-manual employees during the preceding financial year.

Exemption under Section 10(23C)(iv) for donations to Chief Minister's Relief Fund subject to application, investment, and filing conditions.
Any income received by any person on behalf of the Chief Minister's Relief Fund, Mantralaya, Madam Cama Road, Mumbai shall not be included in the recipient's total income under Section 10(23C)(iv) for the assessment years 2005-06 to 2007-08, provided the Fund applies or accumulates income exclusively for its objects with limited accumulation, confines investments to modes permitted by the Act, excludes non-incidental business profits unless separately accounted, files returns regularly, and transfers surplus on dissolution to a similar organization.

Income exemption under Section 10(23C)(iv) exempts receipts on behalf of a hospital subject to compliance conditions.
Income exemption is granted for any income received by any person on behalf of Letshlphung Christian Hospital Association, Manipur for the specified assessment years, conditional on application of income to institutional objects or limited accumulation, investment only in permitted modes, business being incidental with separate accounts, regular filing of returns, and transfer of surplus and assets on dissolution to an organization with similar objectives. The notification applies solely to recipients of such income and does not determine the Institution's separate tax liability.

Recognition of stock exchange investments in promoted subsidiaries aligns tax treatment with regulator guidelines retrospectively.
A new clause recognises investment by a recognised stock exchange in the equity share capital of a company promoted to acquire membership of another exchange, where the investee deals with or is mainly associated with the securities market, has as its main object acquisition of membership to facilitate investor members trading through the investee, and in which at least fifty one per cent of equity shares are held by the investor and the balance by the investor's members. The amendment applies retrospectively to the date of relevant regulator guidelines.

Industrial Park designation secures tax benefit eligibility after prescribed unit and infrastructure conditions are met.
Central Government notifies the undertaking of M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, as an Industrial Park for purposes of section 80-IA(4)(iii), subject to conditions including specified location, area, minimum number of units, and investment. Tax benefits require locating the stated minimum units and compliance with scheme terms. Minimum infrastructure spend thresholds (50%; 60% if built-up space provided), a defined scope of infrastructure, a single-unit area cap of fifty percent, separate statutory approvals, continued operation by the developer, transfer notification requirements, and grounds for invalidation or withdrawal of approval are imposed.

Industrial Park notification designates RSIDC undertaking as approved industrial park, subject to scheme conditions and compliance.
Notification under Section 80-IA(4)(iii) designates M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, as an Industrial Park for tax benefit purposes, subject to scheme conditions including specified location, area, allocable industrial and commercial percentages, minimum number of units, prescribed infrastructure expenditure thresholds and facilities, a cap on single-unit area occupation, separate approvals for foreign investment, continuous operation by the undertaking while benefits are availed, and contingencies that invalidate or permit withdrawal of approval for delays, misinformation, unapproved amendments, or noncompliance.

Industrial Park Notification designates an undertaking for industrial tax incentives subject to infrastructure, unit and compliance conditions.
Notification designates M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, as an Industrial Park for the purposes of the industrial tax incentive provision, subject to conditions including location, area allocation (93.55% industrial, 6.45% commercial), a minimum of thirty industrial units, specified investment and commencement parameters. Approval requires minimum infrastructure expenditure thresholds (generally not less than fifty percent of project cost, or sixty percent where built up space is provided), defined common infrastructure facilities, limits on single unit occupation, separate clearances for foreign investment, and adherence to transfer, commencement delay and invalidity provisions.

Industrial park approval under Section 80IA(4)(iii) conditions eligibility on infrastructure, unit thresholds and compliance.
Notification under Section 80IA(4)(iii) notifies M/s. Weikfield IT-Citi Infopark, Pune as an industrial park eligible for benefits under the Industrial Park Scheme, specifying location, area, permitted activity (data processing and related services), allocable area split between industrial and commercial use, minimum unit requirement, investment and built-up space details, and commencement timing. Conditions require minimum infrastructure expenditure thresholds, defined infrastructure components, a cap on area occupancy by any single unit, separate statutory approvals for foreign or non-resident investment, continuity of operation by the promoter, procedures for transfer, and grounds for invalidation or withdrawal of approval for non-compliance.

Designation of Transfer Pricing Officers clarifies territorial assignment and taxpayer classes for transfer pricing administration.
Amendment substitutes the Schedule to designate Transfer Pricing Officers (at Joint Commissioner, Deputy Commissioner or Assistant Commissioner level), specifying each post's headquarters and the territorial areas assigned, and defines the class of persons as taxpayers assessed or assessable by Assessing Officers whose offices lie within those territorial areas, thereby fixing administrative jurisdiction for transfer pricing matters.

Transfer Pricing Officer designation updated: city-wise listing of officer ranks and reporting structure under income tax.
Amendment substitutes the notification's table to redefine city-wise designation and allocation of Transfer Pricing Officers, specifying the supervising Commissioner/Director positions and the sequence of Joint, Deputy and Assistant Commissioners designated as Transfer Pricing Officers in Delhi, Mumbai, Bangalore, Kolkata and Chennai to organise transfer pricing administration.