Tax exemption recognition requires exclusive application of income and prescribed investment limits with business income safeguards.
Central Government notification designates the Council for Leather Exports, Chennai as eligible under clause (23C)(iv) of section 10 of the Income tax Act for assessment years 1995 96 to 1997 98, subject to conditions: income must be applied wholly and exclusively to the assessee's objects; investments are limited to forms permitted by subsection (5) of section 11 except for voluntary contributions held as jewellery, furniture, etc.; and business income is excluded unless incidental to objectives and maintained in separate books.

Withholding tax limits on cross-border passive income reduce source taxation where the recipient is the beneficial owner.
Modification of the India-Netherlands tax Convention implements reduced source taxation limits where the recipient is the beneficial owner: dividends and interest may be taxed in the source State but withholding is capped when the recipient is the beneficial owner; Article 12 is redrafted to define royalties and fees for technical services, to limit source taxation of such payments subject to transitional rates and exceptions, and to preserve the exclusion where income is effectively connected with a permanent establishment or fixed base.

Limitation on source taxation applies to dividends, interest, royalties and technical service fees, reducing withholding tax under amended bilateral convention.
Dividends and interest paid to a beneficial owner resident of the other Contracting State may be taxed in the source State but the tax charged is capped at 10 per cent of the gross amount. Article 12 on Royalties and Fees for Technical Services is revised to allow taxation in the source State subject to specified withholding limits, to define royalties and fees for technical services, set out exclusions, provide rules where amounts are attributable to a permanent establishment or fixed base, and to implement transitional rates and mutual agreement procedures.

Approval under section 10(23G) recognises tax status for an infrastructure BOT project subject to compliance and audit conditions.
Approval under section 10(23G) read with rule 2E was granted to M/s IRB Infrastructure Ltd. for assessment years 1999-2000 to 2001-2002 for its specified BOT bridge and overbridge project, subject to compliance with the cited provisions. The Central Government may withdraw approval if the enterprise ceases to carry on an infrastructure facility, fails to maintain and audit books of account as required by sub rule (7) of rule 2E, or fails to furnish the requisite audit report.

Approval under section 10(23G) for infrastructure projects requires compliance; approval may be withdrawn for failure to maintain accounts or audits.
Approval is granted to an infrastructure enterprise for tax exemption under section 10(23G), conditional on compliance with the statute and rules, including maintenance of books of account and furnishing the required audit report. The Central Government may withdraw approval if the enterprise ceases to carry on the infrastructure facility or fails to maintain audited accounts or furnish the audit report. The approved project is the construction, operation and maintenance of a new bridge over the River Amaravati by M/s East Coast Consultants & Infrastructure Ltd on a Build-Operate-Transfer basis.

Tax exemption for charitable institution conditioned on exclusive application of income and prescribed investment modes.
The India International Rural Cultural Centre is notified for tax exemption subject to conditions: it must apply or accumulate income wholly and exclusively to its objects; it may invest only in modes prescribed for application of charitable funds except for voluntary contributions retained as jewellery, furniture, etc.; and the exemption does not cover business income unless the business is incidental and separate books of account are maintained.

Tax exemption under section 10(23C)(iv) granted subject to exclusive application of income and permitted investment rules.
Notification under section 10(23C)(iv) notifies Shri Ahobila Math Sanskrita Vidya Abhi Vardhini Sabha, Chennai, as eligible for the sub clause for assessment years 1995 96 to 1997 98, conditioned on applying or accumulating income wholly and exclusively to its objects, restricting investments to forms specified in section 11(5) (except certain voluntary contributions retained as jewellery, furniture, etc.), and excluding business income unless incidental to objectives with separate books maintained.

Designation under section 80G: temple specified as place of public worship for deductible donations until fund cap or expiry.
Central Government specifies Arulmigu Atcheeswarar Temple, Acharapakkam, Kanchipuram, as a place of public worship of renown for deductions under section 80G, limited solely to repair and renovation contributions and effective only until the specified fund cap of Rs. 64,19,100 is collected or until 31 March 2002, whichever is earlier.

Notification amendment designating income-tax investigative and central officer posts in specified regional jurisdictions.
The Central Board of Direct Taxes, under section 120 of the Income-tax Act, substitutes serial number 27 in Notification S.O. 548(E) with a new entry designating specific Commissioner and Director posts for investigative and central income-tax functions in Calcutta, Patna, Gauhati and Bhubaneshwar, listing Commissioners (Central)-I and -II at Calcutta, Commissioner (Central) at Patna, and Directors of Income-tax (Investigation) at Calcutta, Patna, Gauhati and Bhubaneshwar.

Jurisdiction assignment for coordinated tax investigations establishes delegated investigative authority subject to supervisory control.
The Board directs that the Commissioner of Income-tax (Central), Patna, shall have jurisdiction over all cases or classes of cases assigned to him for the purpose of coordinated investigation and shall function under the control and supervision of the Director-General of Income-tax (Investigation), East, Calcutta, thereby centralizing investigative authority under specified administrative oversight.

Capital gains reinvestment condition: specified convertible debentures and bonds qualify subject to a seven-year transfer clawback.
Notification identifies specified fully convertible debentures and bonds issued by Koshika Telecom Limited as qualifying investments under section 54EB, limited to issues within one year and subject to stated upper limits, provided the investment is made out of income chargeable as Capital gains from transfer of a long-term capital asset; if the debentures, bonds or resulting shares are converted into money or transferred within seven years of allotment, the initial investment shall be chargeable to tax as Capital gain in accordance with the statutory recapture provision.

Notification amendment under section 120 reallocates designated income-tax investigation offices and their territorial responsibilities in eastern regions.
Amendment to the notification substitutes serial number 27 in the schedule, redefining the list of designated income-tax investigation offices and corresponding posts. It enumerates the Director General of Calcutta and specified Commissioners of Income-tax (Central) and Directors of Income-tax (Investigation) located at Calcutta, Patna, Guwahati and Bhubaneshwar, thereby reallocating investigative responsibilities among those central and regional tax offices.

Jurisdiction of Commissioner of Income-tax (Central) established for coordinated investigations under board directive with supervisory oversight.
The Central Board directs that the Commissioner of Income-tax (Central), Patna shall have jurisdiction over cases or classes of cases assigned to him for co-ordinated investigation, and that he shall function under the control and supervision of the Director General of Income-tax (Investigation), East, Calcutta, thereby establishing both investigatory remit and administrative oversight by official notification.

Capital gain reinvestment: specified fully convertible debentures and bonds qualify for relief subject to a seven year retention rule.
The Central Board of Direct Taxes specifies fully convertible debentures and bonds to be issued by M/s Koshika Telecom Limited as eligible instruments for reinvestment relief where an assessee invests capital gain arising from transfer of a long term capital asset; issuance is authorised within one year and subject to stated aggregate limits. If the assessee converts or transfers the specified securities or the shares acquired on conversion within seven years of allotment, the initial investment is chargeable to tax as capital gain under the recapture provision.

Specification of authorised officer under section 138 allows delegation of tax inquiry powers to a designated anti-corruption director or senior police officer.
Designation specifies the authorised officer under section 138 of the Income-tax Act as the Director of the Anti Corruption Bureau, Gujarat, or any officer not below the rank of Superintendent of Police who is duly authorised in writing by that Director for a specific case, thereby providing a delegated channel for exercising the investigatory functions under the cited provision.

Tax approval for housing finance deduction granted with conditions on object, audited accounts, reserve and compliance.
Approval is granted to Manipal Housing Finance Syndicate Ltd. under section 36(1)(viii) for assessment year 1999-2000, subject to the company's principal object being long-term housing finance, annual submission of audited accounts and a statement of deduction before the return due date, creation and maintenance of the required special reserve, and fulfillment of all other conditions of the provision.

Tax exemption recognition for a foundation granted subject to exclusive application of income, permitted investments, and business limitations.
Notification recognizes Aga Khan Foundation, New Delhi as qualifying under the charitable tax provision for specified assessment years, conditional on applying or accumulating income exclusively for its objects, restricting investments and deposits to permitted forms for charitable institutions (excluding certain voluntary contributions held in kind), and excluding business income unless incidental to objectives with separate books maintained.

Tax exemption recognition for a charitable society subject to income-application, investment restrictions and incidental business limits.
Notification under section 10(23C)(v) notifies Bombay Salesian Society, Mumbai as eligible for exemption for assessment years 1999-2000 to 2001-2002, subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; investments or deposits are restricted to modes specified in sub section (5) of section 11 (except specified voluntary contributions); and business income is excluded unless incidental and maintained in separate books.

Tax exemption for charitable trust under section 10(23C)(v) allowed subject to income application, investment limits, and business carve out.
Notification recognizes Shri Padmanbhaswamy Temple Trust as entitled to exemption under section 10(23C)(v) for assessment years 1993-94 and 1994-95, provided the trust applies or accumulates its income wholly and exclusively to its objects, confines investments (other than specified voluntary contributions) to permitted forms, and excludes business income unless incidental with separate books maintained.

Tax exemption for notified charitable agency tied to application of income and permitted investments, with business income limits.
Notification designates the Voluntary Coordinating Agency for Child Adoption, Chennai as a notified charitable institution under section 10(23C)(iv) for specified assessment years, conditional on applying income wholly to its objects, restricting investments to authorised modes (excluding certain voluntary contributions held as jewellery or furniture), and excluding business profits unless the business is incidental and maintained in separate books.