Exemption under section 35AC extended for foundling cum adoption centre; project eligibility continued and cost ceiling increased.
The Central Government specifies the Karna Prayag Trust's foundling cum adoption centre at Raja Krishna Rao Road, Teynampet, Chennai as an eligible project under Section 35AC for a further three years beginning 2007 08, and amends the original notification to raise the maximum allowable project cost for deduction to Rs. 120.00 lakhs including a corpus fund of Rs. 40.00 lakhs.

Tax exemption under section 35AC: Eye care programme by Lok Kalyan Samiti specified as eligible for extension.
The Central Government, under section 35AC, specifies the Eye care programme in the National Capital Region by Lok Kalyan Samiti as an eligible project for exemption for a further three years beginning with financial year 2007-08, following a recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962, and without change to the approved cost of Rs. 1011.00 lakhs.

Section 35AC exemption extended for deaf-blind rehabilitation project, allowing continued tax-benefit for specified charitable contributions.
The Central Government re-specifies the Comprehensive rehabilitation services for the deaf blind carried out by Sense International (India), Ahmedabad, as an eligible project under section 35AC for a further three-year period beginning with financial year 2007 08, on the recommendation of the National Committee for Promotion of Social and Economic Welfare, without change to the approved project cost of Rs. 2.00 crores.

Income tax exemption under section 35AC: specified cancer treatment project and increased allowable project cost.
The Central Government specifies the Gujarat Cancer Society's scheme for free cancer treatment at New Civil Hospital Campus, Asarwa, Ahmedabad as an eligible project under section 35AC and, following the National Committee's recommendation that the project is being properly executed, amends the earlier notification to enhance the maximum project cost allowed as a deduction under section 35AC by substituting the previously specified amount with a higher figure.

Exemption under section 35AC: specified institutions' projects approved for deductible expenditure across a three-year period.
Approval under section 35AC identifies specified institutions and their eligible projects, records estimated project costs and prescribes the maximum portion of such costs that may be allowed as a deduction. The notification confines the deduction entitlement to the capped amounts listed and limits the approval's applicability to the three stated financial years.

Industrial park notification: Marigold Premises certified for tax benefits subject to infrastructure, unit and transfer conditions.
The Central Government notifies M/s. Marigold Premises Private Limited's undertaking as an industrial park for purposes of clause (iii) of sub section (4) of section 80-IA, subject to the annexed terms: specified location and area, activity profile, allocable area split, minimum number of units, investment commitments and commencement date. Eligibility for tax benefits requires meeting minimum infrastructure expenditure thresholds, provision of specified common facilities, cap on single unit occupation, necessary statutory approvals, continued operation by the developer, and adherence to notification and scheme conditions; non compliance, misinformation, unapproved amendments or delayed commencement may invalidate approval.

Exceptions to cheque requirement allow non-cheque large payments to specified institutions, rural payees, and specific transaction types.
The substituted Rule 6DD enumerates specific circumstances in which payments exceeding twenty thousand rupees may be made otherwise than by account payee cheque or draft without attracting disallowance under the Income-tax Act: payments to specified banks, LIC, and the Government when legal tender is required; use of prescribed banking and electronic instruments; adjustments against liabilities; purchases from cultivators, primary producers, and cottage industries; payments in unbanked localities; certain employee terminal and salary payments; closed-bank days; agent cash payments; and authorised dealer or money changer foreign-currency purchases.

Investor Protection Fund designation recognises the Delhi Stock Exchange Customer's Protection Fund as qualifying under tax law.
The Central Government designates the Delhi Stock Exchange Customer's Protection Fund as an Investor Protection Fund established by The Delhi Stock Exchange Association Limited, a recognised stock exchange, thereby specifying that the Fund qualifies for the purposes of the tax provision addressing investor protection funds through the governmental notification.

Tax exemption notification: charitable fund qualifies subject to conditions on application of income and investment.
Notification under section 10(23) recognizes Mayor's Sports Benefit Fund, Kolkata as eligible for exemption subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to modes in section 11(5) (excluding certain voluntary contributions retained as jewellery or furniture); exclude business income unless incidental and accounted separately; file returns regularly; and, on dissolution, transfer surplus and assets to a charitable organisation with similar objectives.

Tax exemption under section 10(23) granted to Karnataka State Bridge Association subject to investment, business and dissolution conditions.
Notification under section 10(23) notifies The Karnataka State Bridge Association, Bangalore as exempt for assessment years 1997-98 to 1999-2000, conditional on applying or accumulating income wholly and exclusively for its objects, restricting investments to forms specified in section 11(5) (with limited exceptions), limiting exemption for business income to incidental activities with separate accounts, regular filing of income-tax returns, and transfer of surplus assets on dissolution to a charitable organisation with similar objectives.

Research institution approval requires audited accounts and certified use of donations for scientific research to retain tax benefit.
Lilavati Kiritilal Mehta Medical Trust Research Centre, Mumbai is approved under Section 35(1) read with Rules 5C and 5E from 1-4-2003 as an 'other Institution' partly engaged in research, subject to conditions: use of sums for scientific research; research conducted by faculty or enrolled students; maintenance of books of account and annual audit by a qualified accountant with the audit report furnished by the income-tax return due date; and a separately certified statement of donations received and amounts applied for research to accompany the audit report.

Tax withholding under Section 194A: Senior Citizens Savings Scheme notified for applicability to withholding provisions.
The Central Government, invoking powers under subsection (3)(i)(c) of the Income-tax Act, notifies the Senior Citizens Savings Scheme, 2004 (published vide G.S.R. 490(E) dated 2nd August, 2004, as amended) for the purposes of that clause, identifying the Scheme as subject to the withholding provisions specified therein.

Industrial park designation: tax benefits conditional on infrastructure thresholds, minimum units, continued operation and compliance with approval conditions.
Central Government notifies Primal Projects Private Limited's PriTech Park as an industrial park under clause (iii) of section 80 IA(4), subject to annexure conditions: location, 95% industrial/5% commercial allocable area, minimum four units, specified commencement date, investment and infrastructure thresholds. Tax benefits depend on meeting minimum unit count and infrastructure expenditure (50% general minimum; 60% where built up industrial space provided). Operator must continue operation; delay over one year requires fresh approval; misinformation, duplicate location, unapproved amendments or nondisclosure invalidate approval; transfers require joint intimation and agreement copy.

Industrial park designation enables tax benefits under section 80IA subject to specified infrastructure, allocation and compliance conditions.
Notification designates M/s. Primal Projects Private Limited's undertaking at PriTechPark, Bellandur, Bangalore as an industrial park for purposes of clause (iii) of sub-section (4) of section 80-IA, subject to annexed terms: specified location, area, primary activity (software supply services), 95% industrial and 5% commercial allocation, minimum number of units, proposed investments and commencement date. Tax benefits accrue only after the minimum units are located. Conditions include minimum infrastructure investment thresholds (50% generally; 60% where built-up industrial space provided), qualifying infrastructure items, a cap of 50% allocable industrial area per single unit, requirement for statutory approvals, operator continuity, transfer notification, and invalidation or withdrawal for misinformation, non-disclosure, unauthorized amendment, or non-compliance.

Jurisdiction of income-tax authorities reallocated, assigning Delhi commissionerates classes of salary earners and employer-based categories.
Amendment under Section 120 substitutes Schedule entries to designate Commissionerates Delhi XIV and Delhi XV, both headquartered in Delhi and covering the National Capital Territory of Delhi, and defines jurisdictional classes: Delhi XIV covers non-company residents with specified public-sector and institutional employers and salary recipients whose employer's name begins with G; Delhi XV covers individuals and HUFs with specified employer categories and salary recipients whose employer's name begins with B or K. The amendment is effective 1-6-2007.

Jurisdiction delegation to Director of Income-tax enables exercise of intelligence powers nationwide and authorised written orders to subordinates.
The notification vests nationwide authority in the specified Director of Income-tax to exercise powers under Chapter XIII C of the Income-tax Act and perform related functions, and authorises that Director to issue written orders directing subordinate Income-tax authorities to exercise such powers and perform such functions in respect of territorial areas as specified in those orders.

Delegation of income-tax jurisdiction: Director General empowered to exercise powers and functions of Director of Income-tax.
Section 120 authorises the Board to direct one income-tax authority to exercise powers and perform functions of another. The notification designates the Director General of Income-tax (Intelligence), Delhi, headquartered at New Delhi, to exercise the powers and perform the functions in respect of the territorial areas, persons, incomes and cases for which the Director of Income-tax (Intelligence), Delhi has jurisdiction, and states that the direction takes effect from its publication in the Official Gazette.

Income tax Rules amendment: substitute clause (aa) in rule 17A and remove 'Chief Commissioner or' in Form 10A.
Amendment to rule 17A substitutes the reference to clause (a) with clause (aa) of sub section (1) and omits the words "Chief Commissioner or" from the proviso; Appendix II (Form No. 10A) is amended to replace its heading citation with reference to clause (aa) of sub section (1) of section 12A and to omit the words "Chief Commissioner or" in the form text.

Prescribed authority designation for income tax exemptions clarifies which Commissioners and Directors General oversee educational and medical institutions.
The Central Board of Direct Taxes authorises specified Chief Commissioners and Directors General to act as the prescribed authority for purposes of sub-clauses (vi) and (via) of clause (23C) of section 10 in respect of universities, other educational institutions, hospitals and other medical institutions, specifying jurisdictional mappings of Directors of Income-tax (Exemptions) to corresponding Chief Commissioners or Director General, with a residual provision for unlisted cases; the notification records a later substitution for Hyderabad and notes subsequent supersession by a later notification.

Prescribed authority designation aligns exemption oversight to specified Chief Commissioners or Director Generals across jurisdictions.
Central Board of Direct Taxes authorises specific Chief Commissioners and the Director General to act as the prescribed authority for the exemption provisions of clause (23C) of section 10, mapping Director of Income tax (Exemption) jurisdictions to named Chief Commissioner/Director General offices and providing a residual rule assigning authority to the Chief Commissioner or Director General to whom the Assessing Officer is subordinate.