Tax exemption notification under section 10(23C)(v) recognises a trust subject to income application and investment limits.
Notifies Sri Raja Rajeshwari Devasthanam Trust, Bangalore under sub clause (v) of clause (23C) of section 10 for specified assessment years, subject to conditions that the assessee apply its income wholly and exclusively to its objects or accumulate it for that purpose; that funds (other than certain voluntary contributions retained as tangible items) be invested only in permitted forms; and that the notification excludes business profits unless the business is incidental and accounted for separately.

Exemption under section 10(23C)(iv) granted to cultural centre, conditioned on exclusive income application and permitted investments.
Notification designates South Central Zone Cultural Centre, Nagpur as eligible under section 10(23C)(iv) for assessment year 1997-98 provided it applies or accumulates income exclusively for its objects; restricts investments to modes specified in section 11(5) except for certain voluntary contributions retained as tangible items; and excludes business profits from the exemption unless the business is incidental to the centre's objectives and separate books of account are maintained.

Tax exemption under section 10(23C)(iv) granted subject to exclusive application of income and restricted investments.
Designation of The Music Academy, Chennai under section 10(23C)(iv) for assessment years 1999-2000 to 2001-2002 is subject to conditions requiring the assessee to apply or accumulate income wholly and exclusively to its objects, to restrict investments to modes permitted by law (except voluntary contributions retained as jewellery, furniture, etc.), and to exclude business profits unless the business is incidental and accounted for in separate books.

Approval under section 36(1)(viii) confers deduction eligibility subject to compliance and annual reporting and reserve maintenance requirements.
Approval is granted to M/s Manipal Housing Finance Syndicate Limited under section 36(1)(viii), making it eligible to claim the specified deduction provided it carries on the business of providing long term finance for residential houses, files annually its audited profit and loss account and balance sheet with the statement of deduction by the return due date, creates and maintains the required special reserve, and satisfies all other conditions of the section.

Income tax approval under section 10(23G) confirms conditional tax-exempt status for an infrastructure enterprise pending compliance and audit obligations.
Approval is granted to 03 MW Vajra Fall Hydro Electric Project of M/s Vindhyachal Hydro Power Ltd. for the purposes of section 10(23G) of the Income-tax Act read with rule 2E, subject to compliance with those provisions, including maintenance of books and audit as required by sub-rule (7) of rule 2E; the Central Government may withdraw approval if the enterprise ceases the infrastructure facility or fails to obtain or furnish the required audit report.

Approval under section 10(23C)(vi): educational society approved for specified assessment years subject to statutory compliance.
Approval under section 10(23C)(vi) was granted to the CBCI Society for Medical Education, St John's National Academy of Health Sciences, Bangalore, for assessment years 1999-2000 to 2001-2002, subject to conformity with sub-clause (iv) of clause (23C) of section 10 and with rule 2CA of the Income-tax Rules, 1962. The approval is time limited and conditional on compliance with the statutory and rule based requirements.

Specified debentures: transfer tax benefit requires transferee to notify issuer by registered post within a set period.
Central Government designates certain subordinated bank bonds as specified debentures for the proviso to section 193, making transfers subject to that withholding/benefit regime. Availability of the proviso benefit for transfers by endorsement or delivery is conditional on the transferee informing the issuing bank by registered post within sixty days of the transfer.

Specification of subordinated non convertible bonds links withholding proviso benefit to transferee notice to issuer by registered post within sixty days.
The Central Government designates certain subordinated, unsecured, non-convertible redeemable bonds as qualifying for the proviso to the withholding provision of the Income-tax Act; transfers by endorsement or delivery attract the proviso's treatment only if the transferee notifies the issuing bank by registered post within sixty days of transfer.

Approval under section 36(1)(viii) allows housing finance deductions subject to object, reserve, and annual filing conditions.
Approval under section 36(1)(viii) permits Residency Housing Finance Limited to claim deductions subject to conditions: primary object of providing long-term residential housing finance; creation and maintenance of the special reserve; annual submission of audited financial statements and a statement of deductions by the return filing due date; and satisfaction of all other statutory conditions under the provision.

Approval under section 36(1)(viii) requires long term housing finance purpose, audited filings and maintenance of special reserve.
Central Government approval granted to M/s Residency Housing Finance Limited under section 36(1)(viii) of the Income tax Act for assessment year 1999 2000, subject to: carrying on main business of providing long term finance for residential houses; annual submission, by the due date under section 139(1), of audited profit and loss account and balance sheet with a statement of deduction claimed; creation and maintenance of the required special reserve; and fulfilment of all other conditions in section 36(1)(viii).

Tax exemption notification for National Horticulture Board requires exclusive application of income and restricted investment modes for specified years.
Notifies the National Horticulture Board, Gurgaon as within the scope of tax exemption under clause (23C)(iv) of section 10 for specified assessment years, provided the Board applies or accumulates income wholly and exclusively to its objects, restricts investments to modes specified in sub section (5) of section 11 (apart from certain voluntary contributions held as jewellery or furniture), and excludes business profits from the concession unless the business is incidental and maintained in separate books.

Section 54EA investment in specified equity shares preserves capital gains exemption unless shares are transferred within three years.
Notification prescribes specified equity shares to be issued within one year and within the stated aggregate amount; investment must be made out of the net consideration from transfer of a long term capital asset; if the assessee converts into money or transfers the allotted shares within three years, the initial investment shall be chargeable to tax as capital gain.

Investment in specified equity shares under section 54EA triggers capital-gain charge if converted or transferred within three years.
Specification designates equity shares issued by M/s Reliance Ports and Terminals Limited as qualifying investments for reinvestment relief under section 54EA, to be issued within one year and subject to an aggregate limit not exceeding sixty-six crores, provided investment is made from net consideration of transfer of a long-term capital asset. If the assessee converts or transfers the allotted shares within three years, the initial investment is chargeable to tax as a capital gain under the recapture provision.

Tax incentive eligibility expanded to include designated food, agro, mineral and gas-based industries in the North-Eastern Region.
Central Government notifies a list of industries in the North-Eastern Region for the purposes of the second proviso to 80-IB, enumerating food-processing and allied sectors (fruit and vegetable processing; meat and poultry; cereal-based products; food and beverages; milk-based products; food packaging), paper, jute and mesta, feed products, edible oil processing, essential oils and fragrances, plantation crop processing, agro forestry, horticulture, floriculture, mineral and other agro-based industries, and specified gas-based intermediate products industries.

Notification of eligible industries under section 80-IB: North-Eastern Region industries listed for tax incentive designation.
Central Government notifies specific industries in the North-Eastern Region as eligible under the second proviso to sub-section (4) of section 80-IB, listing detailed categories and specified products to define the scope, including food and milk processing, food packaging, paper, jute, feed, edible oil, essential oils, plantation crops, gas-based intermediate products, agro-forestry, horticulture, mineral-based, floriculture and other agro-based industries.

Approval under section 10(23C)(vi): trust exemption granted subject to compliance with investment modes and statutory conditions.
Approval is granted to Birla Education Trust under section 10(23C)(vi) for assessment years 1999-2000 to 2001-2002, subject to conformity with sub-clause (vi) of clause (23C) read with rule 2CA of the Income-tax Rules. The trust must ensure that, by the stated deadline, all investments conform to the modes prescribed by sub-section (5) of section 11 of the Income-tax Act; failure to comply would affect the approval.

Approval under section 10(23C)(vi) confirms tax-exempt recognition for an educational institute, subject to statutory compliance.
Approval under section 10(23C)(vi) grants tax-exempt recognition to Birla Institute of Technology, Calcutta for specified assessment years by Central Board notification, conditional on the society's conformity with the substantive requirements of sub clause (vi) of clause (23C) of section 10 and compliance with the procedural obligations prescribed in the Income tax Rules.

Tax exemption under section 10(23C)(iv) for Indian Parliamentary Group conditioned on application of income, investment limits, and compliance.
Designation grants the Indian Parliamentary Group exemption under section 10(23C)(iv) for assessment years 1999-2000 to 2001-2002 provided the group applies income wholly and exclusively to its objects, limits investments to modes permitted for charitable status (excluding certain voluntary contributions held as movable property), treats business income as non qualifying unless incidental with separate accounts, and files income tax returns regularly in accordance with the Act.

Approval under section 10(23C)(vi) granted with compliance and prescribed investment modes required by section 11(5) deadline.
Approval is granted to Birla Education Trust, Calcutta under 10(23C)(vi) for specified assessment years, conditional on conformity with the provisions of that clause and applicable rules; additionally the trust must ensure that all investments conform to the modes specified under section 11(5) of the Income tax Act by the prescribed deadline.

Tax exemption approval under section 10(23C)(vi) conditioned on ongoing compliance with rule 2CA and prescribed conditions.
Approval is granted to the Birla Institute of Technology, Calcutta under section 10(23C)(vi) of the Income tax Act for specified assessment years, subject to the institution's conformity with the provisions of sub clause (vi) of clause (23C) of section 10 and the requirements of rule 2CA of the Income tax Rules; the approval is limited to the assessment years specified in the notification and contingent on ongoing compliance.