Tax exemption under Section 10(23C)(iv) notified for Indian Parliamentary Group, subject to prescribed compliance conditions.
Notification under Section 10(23C)(iv) designates the Indian Parliamentary Group as eligible for the exemption for the specified assessment years, conditional on exclusive application or approved accumulation of income to its objects; investment of funds only in modes permitted by section 11(5) (with limited exceptions for voluntary contributions retained as jewellery or furniture); exclusion of business income unless incidental and separately accounted; regular filing of income-tax returns; and transfer of surplus and assets on dissolution to a like-minded charitable organisation.

Tax exemption notification requires restricted investment, exclusive application of income, non-distribution, and separate books for business.
The Central Government notifies Madhya Pradesh Cricket Association, Indore as eligible for tax-exempt status for specified assessment years provided it applies or accumulates income solely for its objects under the applicable accumulation rules, limits investments and deposits to prescribed forms and modes (excluding certain tangible voluntary contributions), refrains from distributing income to members except by grants to affiliated bodies, and excludes business profits from the notification unless such business is incidental and maintained in separate books of account.

National Savings Certificates rules amended to omit specific sub clauses and delete the words 'or body', effective on publication.
The National Savings Certificates (VIII Issue) Amendment Rules, 2005, made under the Government Savings Certificates Act, 1959, come into force on publication and effect two textual changes to the 1989 Rules: omission of sub clauses (ii) and (iii) of clause (a) of sub rule (2) of rule 4, and deletion of the words 'or body' from rule 6.

Post Office Monthly Income Account rules amended to define depositor and deposit, including guardians depositing for minors.
The amendment substitutes rule 2(c) to define deposit as money deposited by a depositor in an account under the rules, and defines depositor as an individual who deposits on his own behalf or on behalf of a minor or a person of unsound mind of whom he is guardian; the amendment takes effect on publication in the Official Gazette under the enabling statutory power.

Tax exemption notification recognises institution subject to specified application, investment, business, filing and dissolution conditions.
Notification under section 10(23C)(iv) recognises the institution as tax-exempt for specified assessment years provided it applies or accumulates income solely to its objects; confines investments and deposits to permitted modes; excludes business profits unless incidental and separately accounted; files returns regularly; and on dissolution transfers surplus and assets to a charitable organisation with similar objectives.

Research donation approval under Section 35(1)(ii) subjects donor deductibility to account, audit and reporting compliance.
Hyderabad Eye Research Foundation is approved as an institution eligible under clause (ii) of sub section (1) of section 35 for research donation deductibility, subject to maintaining separate accounts for research; submitting audited Income and Expenditure accounts for each approved year to the Commissioner or Director of Income tax (Exemptions) by the return due date or within ninety days; and providing an auditor's certificate specifying amounts received for research eligible for donor deduction and certifying that the expenditure was for scientific research.

Tax exemption under section 10(23C)(iv) granted for specified years subject to conditions on income use, investments, business and dissolution.
Exemption is granted to Population Foundation of India under Section 10(23C)(iv) for assessment years 2005-06 to 2007-08, conditional on applying its income wholly to charitable objects; restricting investments to modes specified in Section 11(5) (except certain voluntary contributions retained as tangible items); excluding business income unless incidental with separate accounts; regular filing of income tax returns; and transfer of surplus and assets on dissolution to a like minded charitable organisation.

Tax exemption under section 10(23C)(iv) granted subject to application, investment, business accounting, compliance and dissolution conditions.
Notification under section 10(23C)(iv) designates National Federation of the Blind, New Delhi, as a notified institution for assessment years 2003-2004 to 2005-2006, subject to conditions requiring application of income wholly and exclusively to objects, permitted modes of investment under section 11(5) (except certain tangible voluntary contributions), exclusion of business income unless incidental and separately accounted, regular filing of income-tax returns, and transfer of surplus and assets on dissolution to a charitable organisation with similar objectives.

Tax exemption under Section 10(23C)(v) granted with conditions for a religious institution's assessment years specified.
Notification grants tax-exempt status under section 10(23C)(v) to The Malankara Orthodox Syrian Church, Kottayam for assessment years 2002-2003 to 2004-2005, subject to conditions: apply income solely to objects; restrict investments to permitted forms; exclude non-incidental business income unless separately accounted; file returns regularly; and on dissolution transfer surplus and assets to a like charitable organisation.

Tax exemption approval under section 10(23G) conditional on compliance, audit and operation requirements for irrigation projects.
Approval under section 10(23G) read with rule 2E is granted to Krishna Bhagya Jala Nigam Ltd for execution of specified irrigation projects on the Krishna River for a three year period commencing 01.04.2004, conditional on continued conformity with statutory provisions; the Central Government may withdraw approval if the enterprise ceases the eligible business, fails to maintain and audit accounts or to furnish the audit report, or fails to operate and maintain the developed infrastructure facility.

Approval under Section 35(1)(ii) imposes research accounting, audited filings and auditor certification for donor deduction eligibility.
Approval under Section 35(1)(ii) was granted to Vivekananda Institute of Bio-technology for 1.4.2002-31.3.2005 as a university/college partly engaged in research, subject to maintaining separate research accounts, submitting audited Income and Expenditure accounts for each approved year to the Commissioner/Director of Income-tax (Exemptions) by the return due date or within 90 days of notification, and enclosing an auditor's certificate specifying donor-eligible research receipts and certifying that expenditure was for scientific research.

Industrial park notification affirms tax benefit eligibility subject to area, infrastructure and compliance requirements.
The Central Government notifies M/s. Bagmane Developers Pvt. Ltd.'s Bagmane Enclave in Bangalore as an industrial park under section 80-IA(4)(iii), subject to annexed terms including permitted industrial activities, proposed area and unit count, specified allocable percentages for industrial and commercial use, and declared investment. Conditions require a minimum industrial area allocation, a cap on commercial land, prescribed infrastructure expenditure thresholds and defined infrastructure components, a limit on any single unit's share of industrial area, requisite foreign investment approvals, continued operation by the developer for the benefit period, and potential withdrawal or invalidation of approval for non-compliance or undisclosed material facts.

Notification under section 10(23C)(iv) grants tax-exempt status to a charitable institution subject to compliance conditions.
Notification under sub-clause (iv) of clause (23C) of section 10 notifies the Tibetan Homes Foundation as a charitable institution for the relevant assessment years, subject to conditions: apply or accumulate income wholly for its objects with excess accumulation beyond fifteen per cent limited to five years; restrict investments to modes specified in section 11(5) (except certain voluntary contributions in kind); exclude profits of business unless incidental and separately accounted; file returns regularly; and on dissolution transfer surplus and assets to a like charitable organisation.

Tax exemption under Section 10(23C)(iv) notified for a charitable trust subject to specified compliance and dissolution conditions.
Notification under Section 10(23C)(iv) grants tax-exempt status to Adhi Prasakthi Charitable, Medical Educational & Cultural Trust for assessment years 2006-07 to 2008-09 subject to conditions: apply income wholly to objects, invest only in modes specified in Section 11(5) (except certain retained voluntary contributions), exclude business income unless incidental with separate books, regularly file returns, and transfer surplus on dissolution to a similar charitable organisation.

Tax exemption under Section 10(23C)(v) confirms institutional recognition subject to conditions on application, investments and dissolution.
Notification under Section 10(23C)(v) recognizes Srimajjagadguru Madhwacharya Moolamahasamsthana Uttaradi Math, Dharwad for assessment years 2002-03 to 2004-05, subject to conditions that income be applied or accumulated solely for its objects; investments be limited to forms permitted by Section 11(5) (except certain voluntary contributions); business income be incidental and separately accounted; returns be regularly filed; and on dissolution surplus assets transfer to a charitable organisation with similar objectives.

Approval under Section 35(1)(ii): research donation deductions subject to separate accounts, audited filing and auditor certification.
Approval is granted to Shanmugha Arts, Science, Technology & Research Academy (SASTRA) as a university/college partly engaged in research for the period 1.4.2005 to 31.3.2008 under the provision enabling donor deductions, subject to maintaining separate research accounts, submitting audited Income and Expenditure accounts for each approved year to the tax authority by the return due date or within 90 days of notification (whichever is later), and enclosing an auditor's certificate specifying qualifying research receipts and certifying that expenditures were for scientific research.

Research donation approval ensures donor deduction when an institution maintains separate research accounts and auditor certification.
Chennai Mathematical Institute is approved for purposes of Section 35(1)(ii) as a 'University, College or other Institution' partly engaged in research for the approval period, subject to conditions: maintain separate accounts for research; submit audited Income & Expenditure accounts for research to the tax jurisdictional authority by the return due date or within ninety days of the notification, whichever is later; and include an auditor's certificate specifying amounts received eligible for donor deduction and certifying that expenditures were for scientific research.

Recognition of a place of public worship affirms statutory tax recognition and associated donation treatment.
The Central Government issues a notification specifying Thuravoor Mahakshethram, Thuravoor, Kerala as a place of public worship of renown throughout the State of Kerala for the purposes of the Income-tax Act, thereby recognizing the temple's status under the statute governing tax treatment of donations and related benefits.

Avoidance of Double Taxation: treaty limits source taxation on dividends, interest and royalties and defines residency and PE rules.
The Convention, given effect under the domestic enabling provision, allocates taxing rights and prescribes rules to eliminate double taxation for residents by defining residence and permanent establishment, attributing PE profits as a separate enterprise, and limiting source taxation of dividends, interest, royalties and technical service fees (with specified ceilings for beneficial owners). It establishes a mutual agreement procedure, exchange of information with confidentiality safeguards, non discrimination protections, and a Protocol clarifying profit attribution for construction projects and interaction with other bilateral agreements.

Tax exemption notification limits institutional income use and investments, requires returns and asset transfer on dissolution.
Notification under section 10(23C)(iv) recognizes Periyar Maniammai Institute of Science & Technology for AY 2001-2002 to 2003-2004 subject to conditions: apply or accumulate income wholly for stated objects; restrict investments to forms permitted by section 11(5) (except certain retained voluntary contributions); treat business income as outside the notification unless incidental with separate books; regularly file income-tax returns; and on dissolution transfer surplus and assets to a charitable organization with similar objectives.