Notification under section 10(23C)(v): institution notified subject to conditions on application of income, permitted investments and dissolution.
Notification under clause (23C)(v) of section 10 of the Income-tax Act, 1961 notifies Sree Jain Swetamber Bhandar Tirth, Pawapuri, Bihar for assessment years 1993-94 to 1995-96, subject to conditions: income must be applied or accumulated exclusively for its objects; investments limited to modes in section 11(5) (excluding voluntary contributions retained as jewellery, furniture, etc.); business income excluded unless incidental and kept in separate books; regular filing of income-tax returns required; on dissolution surplus and assets to be given to a charitable organization with similar objectives.

Tax exemption recognition for a rural water project granted subject to exclusive application of income and compliance conditions.
Notification designates the U.P. Rural Water Supply & Environment Sanitation Project Management Unit as recognised under clause (23C)(iv) of section 10 for assessment years 1997-98 to 1999-2000, conditional on applying or accumulating income exclusively to its objects; restricting investments to permitted modes; excluding business income unless incidental with separate accounts; regularly filing income-tax returns; and transferring surplus and assets on dissolution to a charitable organisation with similar objectives.

Tax exemption for charitable institutions granted to Nathdwara Temple Board subject to compliance, investment and dissolution conditions.
Notification grants Nathdwara Temple Board tax-exempt status under clause (23C)(v) of section 10 for specified assessment years, subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to modes specified in section 11(5) except specified voluntary contributions; exclude business income unless incidental with separate books; file returns regularly; and on dissolution transfer surplus and assets to a charitable organization with similar objectives.

Tax exemption notification for charitable society conditions status on application of income, investment limits and compliance filing.
Notification grants tax-exempt status to Cancer Relief Society, Cochin for specified assessment years conditioned on exclusive application of income to charitable objects, prescribed restrictions on forms of investment or deposit, exclusion of business income unless incidental with separate accounting, regular filing of income-tax returns, and transfer of surplus and assets on dissolution to a similar charitable organization.

Approval under section 35(1)(ii) requires separate research accounts, annual DSIR returns and audited research accounts by October.
M/s. M.S. Swaminathan Research Foundation is approved as a research association for 1 April 2001-31 March 2004 subject to maintaining separate research accounts, furnishing an annual scientific research return to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for the research activities to the Director General of Income-tax (Exemptions), the Secretary, DSIR, and the Commissioner/Director of Income-tax (Exemptions) by 31 October annually, alongside filing the return of income; renewal applications must be submitted in triplicate.

Tax exemption under section 10(23G) granted to infrastructure developer, subject to compliance and audit requirements.
Approval is granted to M/s Rajahmundry Expressway Ltd for tax exemption under section 10(23G), read with rule 2E, for specified assessment years for its BOT project to develop, maintain and operate a four lane carriageway on National Highway No. 5. The approval is conditional on compliance with statutory provisions, maintenance of books, audit by an accountant and furnishing the required audit report; the Central Government may withdraw approval if the undertaking ceases the infrastructure activity or fails to meet the audit and reporting requirements.

Tax exemption approval under section 10(23G) granted with compliance and withdrawal conditions for telecom project.
Approval is granted to M/s Hughes Telecom (India) Limited for tax exemption as an eligible industrial undertaking for assessment years 2001-2002 to 2003-2004 in respect of its Basic Telephone Service project in the Maharashtra Telecom Circle under the governing license. The approval is conditional: the enterprise must comply with the statutory provision and implementing rule, and the Central Government may withdraw approval if the enterprise ceases the infrastructure activity, fails to maintain and audit books of account, or fails to furnish the required audit report.

Specification of Water sports under income-tax clause confirms administrative designation and tax provision applicability.
The Central Government designates Water sports as a sport for the purposes of clause (23) of section 10 of the Income-tax Act, 1961 by Notification No. 264 dated 17 September 2002, effecting an administrative specification of the sport within the scope of the referenced income-tax clause.

Specified capital gains bonds qualify for proviso tax treatment, subject to transferee notification after transfer.
Specification designates the SIDBI Capital Gains Bonds as qualifying instruments for the proviso to section 193 of the Income-tax Act, linking those bonds to the proviso's tax treatment. A condition requires transferees who acquire such bonds by endorsement or delivery to notify the Small Industries Development Bank of India by registered post within sixty days of transfer to remain eligible for the proviso benefit.

Section 35AC eligibility extended for SEWA Rural project with renewed three year specification and revised project cost cap.
The Central Government re specifies SEWA Rural's Integrated Rural Development project as an eligible project or scheme under the Explanation to section 35AC for a further three year period beginning with assessment year 2003 2004 and amends the notified maximum project cost to a higher figure that includes a corpus fund, following the National Committee's recommendation under the Income tax Rules.

Eligibility under section 35AC extended for Maharogi Sewa Samiti welfare scheme, specifying continued recognition and tax benefit applicability.
The Central Government, under the Explanation to section 35AC, specifies the scheme of running expenses for welfare activities of Maharogi Sewa Samiti at Nagpur, Chandrapur and Godchiroli, carried out by Maharogi Sewa Samiti at the estimated cost stated in the notification, as an eligible project or scheme for a further three-year period commencing with the assessment year specified in the notification.

Tax project eligibility extended: watershed and village development specified as eligible under income-tax provision for further period.
Central Government specifies Yusuf Meharally Centre's scheme for promotion of watershed development in Konkan and integrated village development in Panvel as an eligible project under the Explanation to the income-tax provision, following the National Committee's recommendation that the project is properly executed, and extends eligibility for a further three-year period beginning with the assessment year 2003-2004 at an estimated cost of rupees three crore twenty-two lakhs fifty thousand.

Project eligibility under section 35AC: specification extended for a charitable eye hospital following statutory recommendation.
Specification under the Explanation to Section 35AC recognizes the Poona Blind Men's Association's 50 bed eye hospital at Mohammedwadi as an eligible project for tax incentive purposes and extends that specification for a further three year period beginning with the relevant assessment year, following a National Committee recommendation that the project was being properly executed and pursuant to the powers vested by the Explanation to Section 35AC of the Income tax Act, 1961.

Section 35AC eligibility extended for free medical aid project by Kailash Charitable Trust for an additional three-year period.
The Central Government specified the project of running free medical aid services at NOIDA by Kailash Charitable Trust as an eligible project under the Explanation to Section 35AC, following prior notifications and a National Committee recommendation, and extended that specification for a further three-year period commencing with the stated assessment year.

Section 35AC project specification extended for Kanoria Seva Kendra's hospital and research centre, authorising continued eligible expenditure.
The Central Government, under the Explanation to section 35AC, specifies Kanoria Seva Kendra's project for construction of an extension building, purchase of equipment, provision of a mobile van, furnishing and running of a hospital and research centre as an eligible project for a further three years commencing with assessment year 2003-2004, following a National Committee recommendation and recording the project's estimated cost.

Extension of project designation under Explanation to section 35AC secures further multi year eligibility for community ophthalmology centre project.
The Central Government specifies the Setting up of a Community Ophthalmology Centre by Dr. Nihar Munshi Eye Foundation, including purchase of premises, equipment and instruments at Calcutta, as an eligible project or scheme under the Explanation to section 35AC and extends its eligibility for a further three year period commencing with the relevant assessment year, pursuant to a recommendation by the National Committee and the powers conferred by the Explanation.

Tax deduction eligibility extended for Children Welfare Centre school construction, project specified for a further three year period.
The Central Government specified the Children Welfare Centre's Construction of school building (Phase II) at Yari Road, Versova, Mumbai as an eligible project under the Explanation to section 35AC, extending specification for a further three years commencing assessment year 2003 2004, following the National Committee's recommendation that the project was being executed properly and was likely to extend beyond the original three year period.

Specification of charitable project under section 35AC extends tax-eligible cancer patient services in Ahmedabad for renewed term.
The Central Government re-specifies the purchase of vehicles and running of medical services for cancer patients in Ahmedabad by Gujarat Cancer Dardi Seva Trust as an eligible project under the Explanation to the Income-tax provision, following a National Committee recommendation that the project is properly executed; the scheme is specified for a further three-year period commencing from the stated assessment year with an estimated project cost and a separate corpus fund.

Specified project designation under income tax Explanation: sports centre by charitable trust extended for a further two year period.
The Central Government specifies the construction and running of a sports centre at Agra by Lalaram Gupta Charitable Trust as an eligible project under the Explanation to the income tax provision for a further two year period, following earlier specifications and extensions and a recommendation by the National Committee that the project is being properly executed; a later correction clarifies the project description.

Eligible project specification under section 35AC extends tax-incentive status for a charitable healthcare scheme following committee recommendation.
The Central Government specifies the scheme of Supporting the Leprosy Mission Hospitals, executed by The Leprosy Mission Trust India, as an eligible project under the Explanation to section 35AC of the Income-tax Act for a further three-year period following the National Committee's recommendation under rule 11M(5), thereby extending the project's eligibility for tax-incentive treatment.