Exemption under Section 35AC: specification for an old age home project extended and maximum project cost increased.
Specification under Section 35AC extends eligibility of the Mata Gujari Old Age Home-cum-Orphanage project, run by Nishkam Sikh Welfare Council, for a further three years beginning with financial year 2003-2004. The National Committee recommended the extension after finding proper execution, and the Central Government amended the earlier notification to increase the maximum permissible project cost, thereby adjusting the sanctioned cap while continuing the project's exemption status under the statutory scheme.

Specification under Section 10(10C)(viic) confirms tax recognition for the Govt Tool Room & Training Centre, Bangalore.
The Central Government issued Notification No. 159/2004 (22 June 2004) specifying the Govt, Tool Room & Training Centre, Rajajinagar Industrial Estate, Bangalore, a society registered under the Societies Registration Act, 1860, for the purposes of the exemption sub-clause of section 10(10C) of the Income-tax Act, 1961, thereby formally identifying the institution under the Act's exemption mechanism.

Notification amendment under Section 120: specified district limits designated for tax notification, coming into force on publication.
The Central Board of Direct Taxes, exercising powers under Sub-sections (1) and (2) of Section 120 of the Income-tax Act, 1961, substitutes in the Schedule to Notification No. S.O.881 (E) dated 14th September, 2001, the entry at serial number 4, column 4 with: "Area within the limits of - District of Kolkata, Howrah, North 24 Parganas, South 24 Parganas and East Medinipur within the State of West Bengal." The amendment takes effect from the date of publication in the Official Gazette.

Tax exemption for charitable sports society granted subject to applied income, restricted investments, business segregation, and dissolution terms.
Notification under section 10(23) grants tax-exempt status to Durand Football Tournament Society for assessment years 2000-2001 to 2002-2003, conditioned on applying income wholly to its objects, investing funds only in modes permitted by section 11(5) (except certain tangible voluntary contributions), treating business income as non-exempt unless incidental with separate books, filing income-tax returns regularly, and transferring surplus and assets on dissolution to a charitable organisation with similar objectives.

Tax exemption recognition under section 10(23) conditions apply to income use, investment modes, business treatment.
Notification under section 10(23) grants Brihanmumbai Kreeda Ani Lalitkala Pratishthan exemption for assessment years 2001-2002 to 2002-2003 subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to permitted forms except certain retained voluntary contributions; exclude business income unless incidental and separately accounted; regularly file income tax returns; and on dissolution transfer surplus and assets to a charitable organisation with similar objectives.

Exemption under section 35AC expanded to include more vocational centres and an increased approved project cost by Sterlite Foundation.
The notification amends the existing specification of an eligible charitable project by Sterlite Foundation to expand the project to 386 vocational training centres for computer and tailoring courses and to increase the estimated total project cost and the corpus fund; the Table entry for the serial number is substituted so the project description, estimated cost, and the maximum amount allowable as a deduction under the tax provision reflect the revised figures following the National Committee's recommendation.

Rectification of Reference Year: corrected to 2004-2005 in income tax notification to ensure accurate statutory reference.
Corrigendum corrects Government of India, Ministry of Finance (Department of Revenue) Notification S.O.381(E) (Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated 19th March, 2004) by directing that the reference in paragraph 4(a) to the year 2003-2004 shall be read as 2004-2005, effecting a formal rectification of the published entry.

Monetary threshold amendment: correction increases the prescribed limit in a prior income-tax notification.
Corrigendum amends paragraph 4 of Notification S.O.1253(E) (30th October, 2003, Gazette of India) by substituting the originally stated monetary amount with a revised higher limit, formally rectifying the notification's operative text.

Income Tax corrigendum corrects 'appellant' to 'respondent' in the proviso to rule 25 of ITAT amendment rules.
Corrigendum to Notification No. F.71-Ad(AT)/2002 (Income-tax (Appellate Tribunal) (Amendment) Rules, 2002) directs that, in the proviso to rule 25, the word "appellant" should be read as "respondent", correcting the original notification dated 8 April 2002 by way of Notification No. F.71-Ad(AT)/2002 dated 1 June 2004.

Amendment to notified interest rates creates a tiered interest schedule for specified taxable securities under the notification.
The Central Government amends Notification S.O.459(E) by substituting its operative wording to split the previously continuous serial-range description for specified Rs.5000 securities into three distinct serial-number bands, each assigned a different annual interest rate, thereby creating a tiered interest-rate structure across the series.

Research institution approval requires separate research accounts and annual audited reporting to designated authorities under prescribed conditions.
Approval granted to The Institution of Engineers (India), Calcutta as an Institution for research-related tax benefits, subject to maintaining separate books for research, filing an annual return of scientific research activities to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and an audited income & expenditure account for research activities to designated tax and scientific authorities and filing the return of income by 31 October each year.

Tax exemption under section 35AC specified for Savali's cerebral palsy socio economic project, permitting continued eligibility for funding.
Central Government specified that Savali's project for purchase of equipment and running socio economic promotion services for cerebral palsied children and adults at Kothrud, Pune, including education, institutional care, training and vocational guidance, qualifies as an eligible project under the tax exemption provision; the specification followed a committee recommendation and extends the project's eligible period for a further three years, subject to compliance with the governing rules.

Exemption under section 35AC: eligible project status extended three years for trust's Gurukul and health clinic construction.
The Central Government specified the construction/expansion and running of a Gurukul (Gyan Mandir) and health care clinic by Sri Simandhar Swami Aradhana Trust in Ahmedabad as an eligible project for tax exemption under section 35AC, extending the original two-year specification by a further three years commencing from the financial year 2004-2005 following the National Committee's recommendation.

Tax exemption for approved rehabilitation project extended, allowing donations to qualify for tax relief under specified eligibility criteria.
The Central Government renewed specification of The Lepra India Trust's project for setting up a Rehabilitation Centre for leprosy-affected youth in Delhi, including purchase of furniture, equipment, wheel chairs, appliances, tools and vehicles, as an eligible project for tax exemption purposes for a further three-year period commencing from the financial year 2003-2004, following a recommendation by the National Committee that the project was being executed properly.

Section 35AC exemption approvals permit specified social welfare projects to claim tax deductions subject to eligibility and compliance conditions.
Exemption under section 35AC approves named institutions and specified projects, setting estimated costs and maximum deductible amounts and tying approvals to specified financial years. Approvals are subject to conditions including public notices that benefits to economically weaker sections are free, maintenance of beneficiary records, Chartered Accountant certification with returns that at least 50% of beneficiaries are from economically weaker sections and received full benefits free, phase or centre limitations, land-use conversion where required, and National Committee monitoring for certain projects.

Delegation under section 118 adds Joint Commissioner (Transfer Pricing Officer III) Mumbai to authorised officers in notification.
The Central Board of Direct Taxes, under Section 118 of the Income tax Act, amends notification S.O.279(E) by inserting "Joint Commissioner of Income tax (Transfer Pricing Officer III), Mumbai" at serial no.2, column (4) of the Table, and the amendment takes effect from its publication in the Official Gazette.

Jurisdictional allocation of income-tax cases establishes territorial and case-based distribution among commissioners, including TDS and salary case segments.
Amendment substitutes Schedule I entries for serial numbers 102, 103, 104, 105 and 118 of S.O.732(E), allocating territorial areas to Commissioners Thane-I, Thane-II, Thane-III, Kolhapur-I and a new Kolhapur-II, and specifying classes of persons and classes of cases each commissioner shall handle, including individuals, companies, cooperative societies, public trusts, TDS deductors, salary cases (partly segmented by initials), and cases defined by registered office or principal place of business; effective from Gazette publication.

Annuity plan specification: New Jeevan Akshay II designated as specified annuity plan under clause (xiiia) of the Act.
The Central Government, exercising powers under clause (xiiia) of sub section (2) of section 88 of the Income tax Act, specifies the New Jeevan Akshay II plan as the annuity plan for the Life Insurance Corporation of India, as filed with the Insurance Regulatory and Development Authority, and provides that the notification shall come into force from its publication in the Official Gazette.

Approval under section 10(23G) secures tax-exempt status for a BOT container terminal, subject to compliance and audit.
Approval is granted to M/s PSA SICAL Terminals Ltd under section 10(23G) read with rule 2E for its BOT container terminal at Tuticorin Port, effective from AY 2000 01 until the 30 year licence end (up to 14.07.2028) or earlier on licence violation. The approval is conditional on compliance with section 10(23G)/rule 2E and may be withdrawn if the enterprise ceases the eligible business, fails to maintain books and obtain the required audit, or fails to furnish the prescribed audit report.

Income Tax Appellate Tribunal rules amend selection, appointment and retirement of Tribunal leadership under merit based committee recommendations.
The amendments add rule 4A permitting the Selection Board to set its own procedure and require members to mark viva voce candidates; provide that the Central Government appoints the Senior Vice President or a Vice President as President; create rule 7C establishing a Selection Committee (a sitting Supreme Court Judge nominated by the Chief Justice, the President and the Secretary, Ministry of Law and Justice) to recommend appointments on merit; and retitle and amend rule 11 to use "Retirement" in place of "compulsory retirement".