Depreciation rates updated under income-tax rules to redefine asset blocks and applicable allowances for specified asset classes.
The amendment replaces Appendix I of the Income-tax Rules with a revised Table of Rates for admissible depreciation on the written down value method, classifying assets into blocks and prescribing rates for buildings, furniture and fittings, and detailed categories of machinery and plant including vehicle treatments, pollution control, waste heat recovery, cogeneration, specified electrical and burner equipment, renewable energy devices, and other specialised plant and machinery, together with explanatory notes defining key terms and scope.

Income-tax exemption under clause (23) imposes conditions on investment, distribution and incidental business income for a sports authority.
The Central Government notifies the Sports Authority of Andhra Pradesh for income-tax exemption under clause (23) for specified assessment years, subject to conditions: income must be applied or accumulated solely for the authority's objects; accumulations and investments must be in permitted statutory modes (with limited exception for certain voluntary contributions in articles); income may not be distributed to members except as grants to affiliated bodies; and business profits are excluded unless incidental to objectives with separate accounting.

Tax exemption recognition under section 10(23C)(iv) granted subject to income application, permitted investments, recordkeeping, and dissolution transfer.
The Central Government notifies the Indian International Textile Machinery Exhibition Society, Mumbai under section 10(23C)(iv) for the specified assessment years, subject to conditions: income must be applied or accumulated wholly for the society's objects; investments and deposits are restricted to permitted forms (excluding certain voluntary contributions held as jewellery or furniture); business income is excluded unless incidental and maintained in separate books; the society must regularly file income-tax returns; and on dissolution surplus assets must pass to a charitable organization with similar objectives.

Tax exemption recognition under section 10(23C)(iv) enables tax-exempt status subject to compliance and reporting obligations.
The Central Government notifies the Indian Institute of Public Administration, New Delhi, under section 10(23C)(iv) of the Income-tax Act subject to conditions: exclusive application or accumulation of income for institutional objects; investments limited to forms specified in section 11(5); business income exempt only if incidental and kept in separate books; regular filing of income-tax returns; and transfer of surplus and assets to a like-minded charitable organization upon dissolution.

Tax exemption recognition under section 10(23C)(iv) grants charitable status to an organization subject to specified compliance conditions.
Notification grants tax-exempt charitable recognition to the Liberation Movement for Women for the specified assessment years under clause (23C)(iv), conditional on exclusive application or accumulation of income to its objects, restricted investments to permitted forms (with special treatment for voluntary contributions held as jewellery or furniture), exclusion of business income unless incidental with separate accounts, regular filing of income-tax returns, and transfer of surplus assets on dissolution to a similarly purposed charitable organization.

Tax exemption recognition for charitable society, subject to exclusive application of income, specified investments, recordkeeping and dissolution asset transfer.
The Central Government notifies the Delhi Society for Mentally Retarded Children under section 10(23C)(iv) for specified assessment years, subject to conditions: apply or accumulate income exclusively for charitable objects; restrict investments to forms permitted under section 11(5) (excluding certain voluntary contributions held as jewellery or furniture); treat business income as excluded unless incidental and maintained in separate books; regularly file income-tax returns; and transfer surplus and assets on dissolution to a charitable organization with similar objectives.

Tax exemption notification: charitable organization status granted subject to purpose, investment, accounting, filing, and dissolution conditions.
Central Government notifies the society for tax-exempt status under the charitable-exemption provision for specified assessment years, subject to conditions: income must be applied or accumulated exclusively for charitable objects; investments must be in permitted forms (with limited exceptions for certain voluntary contributions); business income is excluded unless incidental and maintained in separate books; the society must regularly file income-tax returns; and on dissolution surplus assets must transfer to a similarly purposed charitable organization.

Exemption under section 10(23C)(iv): conditional recognition of AFPRO's tax exempt status for specified assessment years.
The Central Government notifies AFPRO under clause (23C)(iv) of section 10 for specified assessment years subject to conditions: apply income wholly for its objects; limit accumulation and investments to permitted modes (excluding certain voluntary contributions held as jewellery, furniture, etc.); exclude business profits unless incidental with separate books; regularly file returns; and transfer surplus and assets on dissolution to a charitable organization with similar objectives.

Tax exemption for charitable institution notified under section 10(23C)(iv), subject to application, investment, accounting and dissolution conditions.
Notification designates the Centre for High Technology, New Delhi, under clause (23C)(iv) of section 10 for the specified assessment years subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; investments or deposits are restricted to permissible forms (with limited exception for voluntary contributions held as jewellery, furniture, etc.); the notification does not cover business profits unless business is incidental and separate books are maintained; regular filing of income-tax returns is required; and on dissolution surplus and assets must be given to a charitable organization with similar objectives.

Tax exemption under income tax provision granted subject to conditions on application of income, investments and dissolution assets.
Notification grants tax-exempt status under clause (23C)(v) of section 10 for Shri Dwarkadhishji Mandir Trust, Bet for assessment years 1993-94 to 1995-96, subject to conditions: income must be applied or accumulated exclusively for trust objects; investments restricted to forms in section 11(5) (except certain voluntary contributions retained as jewellery or furniture); business income covered only if incidental and maintained in separate books; regular filing of returns; and on dissolution surplus and assets must go to a similar charitable organization.

Tax exemption for charitable trust granted subject to application, investment, accounting, business-incidental and dissolution conditions.
Notification designates Shri Radhikaji Mandir Trust, Bet as eligible under section 10(23C)(v) subject to conditions: apply or accumulate income exclusively for its objects; limit investments to forms permitted by section 11(5) (excluding certain voluntary contributions held as jewellery or furniture); treat business income as incidental with separate books; regularly file returns; and on dissolution transfer surplus and assets to a charitable organization with similar objectives.

Tax exemption notification grants trust status subject to income application, permitted investments, filing and dissolution conditions.
Notification grants the Shri Laxmji Mandir Trust tax-exempt recognition under clause (23C)(v) of section 10 for specified assessment years, conditional on application of income exclusively to its objects or lawful accumulation; restricting investments to forms in section 11(5) (excluding specified voluntary contributions); excluding business income unless incidental with separate accounts; requiring regular filing of income-tax returns; and mandating that on dissolution surplus and assets be transferred to a like charitable organisation.

Tax exemption approval enables infrastructure project benefits for Adani Port, subject to compliance and audit-related withdrawal conditions.
Approval is granted to M/s Adani Port Ltd., Shrimali Society for tax exemption under section 10(23G), read with rule 2E, for assessment years 2002-2003 through 2004-2005 for its jetty/wharf and quay project at Navinal Island. The approval is conditional on compliance with the statutory provisions, including maintaining books of account, obtaining an audit as required by the rules, and furnishing the prescribed audit report; the Central Government may withdraw approval if the enterprise ceases the infrastructure activity or fails the audit and reporting requirements.

Tax exemption under clause 23C(iv): Khelaghar notified as eligible subject to specific application, investment, filing and dissolution conditions.
Notification under clause (23C)(iv) of section 10 of the Income-tax Act, 1961 notifies "Khelaghar, Palm Avenue, Kolkata" as eligible for the exemption for assessment years 2002-2003 to 2004-2005 subject to conditions: income applied wholly or accumulated for objects; investments limited to modes in section 11(5) except certain voluntary contributions; business income excluded unless incidental with separate books; regular filing of returns; and on dissolution assets to a similar charitable organization.

Tax exemption under section 10 clause 23C(iv) recognizes Hind Kusht Nivaran Sangh subject to statutory compliance and conditions.
Notification designates Hind Kusht Nivaran Sangh as a notified charitable institution for specified assessment years, subject to conditions: income must be applied or accumulated solely for its objects; investments restricted to forms permitted for charitable trusts except certain tangible voluntary contributions; business income excluded unless incidental and separately accounted; regular filing of income-tax returns required; and on dissolution surplus assets must transfer to a like-minded charitable organization.

Tax exemption notification under clause (23C)(iv) requires exclusive income application, approved investments, returns filing and dissolution transfer.
Notification designates the Jawaharlal Nehru Memorial Fund as eligible under clause (23C)(iv) of section 10, subject to conditions: income must be applied or accumulated exclusively for its objects; investments and deposits must conform to forms/modes in section 11(5) (excluding certain voluntary contributions in jewellery, furniture, etc.); business income is excluded unless incidental with separate accounting; the Fund must file returns regularly; and on dissolution surplus assets must be transferred to a like charitable organization.

Exemption under clause 23C(v) for a notified charitable institution subject to operational, investment, filing, and dissolution conditions.
Veerayatan, Rajgir, Bihar is notified under clause (23C)(v) as a charitable institution subject to conditions: income must be applied or accumulated solely for its objects; investments and deposits are limited to permitted modes with narrow exception for voluntary in-kind contributions; business income is excluded unless incidental and maintained in separate books; regular filing of income-tax returns is required; and on dissolution surplus and assets must go to a like-minded charitable organization.

Tax exemption granted to Foundation for Universal Responsibility, subject to conditions on application of income, investments, and dissolution.
Notification grants tax-exempt status to the Foundation for Universal Responsibility for assessment years 1991-92 and 1992-93 subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to modes specified for charitable trusts; exclude business income unless incidental with separate books; regularly file income-tax returns; and on dissolution transfer surplus assets to a charitable organization with similar objectives.

Tax exemption notification for a charitable trust links exemption to exclusive income use, permitted investments, filings and dissolution asset transfer.
Notification designates Shri Satyabhamaji Mandir Trust, Bet under clause (23C)(v) of section 10 for assessment years 1993-94 to 1995-96, conditioned on exclusive application of income to its objects, investment limited to modes specified in section 11(5) (except certain voluntary contributions retained as jewellery, furniture, etc.), exclusion of 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.

Section 10(23C)(v) tax exemption: trust notified subject to exclusive income application, permitted investments, filing, and dissolution rules.
Notification under clause (23C)(v) of section 10 notifies Shri Jambhuvantiji Mandir Trust, Bet for specified assessment years subject to conditions: income must be applied or accumulated exclusively for trust objects; investments limited to modes permitted by section 11(5) (except certain retained voluntary contributions); business income excluded unless incidental and maintained in separate books; regular filing of income-tax returns; and on dissolution surplus and assets must go to a charitable organisation with similar objectives.