Approval authority for tax-exempt trusts changed to Chief Commissioner or Director General with revised application procedure.
Substitution of rule 2C designates the Chief Commissioner or Director General (as authorised by the Central Board of Direct Taxes) as the prescribed authority to receive and decide applications under sub-clauses (iv) and (v) of clause (23C) of section 10, requires such applications to be presented in Form No. 56, and amends Form No. 56 notes to substitute references to the authorised Chief Commissioner or Director General and to permit delegation by that officer.

Prescribed authority designation for tax exemptions clarified: Chief Commissioner or Director General may be authorised to act through income tax officers.
Amendments to Rule 2CA and Form No. 56D designate the Chief Commissioner or Director General as the prescribed authority for certain pending applications received before 3rd April, 2001 where no decision had been taken by 31st May, 2007, replace the Explanation to define that the Chief Commissioner or Director General may be authorised by the Central Board of Direct Taxes to act as prescribed authority for educational and medical institutions, and revise Form 56D Notes to record that such authorised Chief Commissioner or Director General will act through the Commissioner or Director of Income tax, with provision for further delegation.

Industrial park notification under Section 80IA(4)(iii) conditions tax benefits on infrastructure, unit thresholds and compliance.
Notification designates the industrial part of the undertaking developed and operated by M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, as an industrial park for tax benefits under clause (iii) of sub-section (4) of the Income-tax Act, conditional on central approval and adherence to annexed terms: prescribed location and area, percentage allocable to industrial and commercial use, minimum number of industrial units, commencement date, minimum infrastructure expenditure thresholds, defined infrastructure components, limits on single-unit area occupation, separate statutory approvals, continuation of operation by the Corporation, transfer formalities, and grounds for withdrawal of approval for non-compliance or misrepresentation.

Industrial park recognition places tax benefits on compliance with investment, unit, operational and approval conditions under income tax law.
The Central Government notifies M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, as an industrial park under the Income-tax provision, subject to conditions including specified location, area allocation favoring industrial use, minimum number of industrial units, defined infrastructure investment thresholds and commencement date; tax benefits depend on compliance, continued operation by the grantee, timely commencement or fresh approval if delayed, mandatory approvals for foreign investment, limitations on single-unit area occupation, transfer notification requirements, and invalidation for misinformation or unauthorized amendments.

Industrial Park Notification under Section 80-IA(4)(iii): tax benefits subject to infrastructure, minimum units, and compliance conditions.
Notification designates M/s. Rajasthan State Industrial Development & Investment Corporation Limited's Rawla project as an industrial park under Section 80-IA(4)(iii), listing location, area, allocable percentages, minimum number of units, commencement date and investment figures. Conditions include minimum infrastructure-expenditure thresholds (50% or 60% where built-up space is provided), definition of infrastructure, a single-unit occupancy cap of fifty percent, requirement for statutory approvals, tax benefits contingent on the minimum units being located, operator continuity, transfer notification procedures, and invalidation for misinformation or unapproved amendments.

Industrial Park Notification: Growth centre approved for tax benefits subject to infrastructure, unit and compliance conditions.
Notification under Section 80-IA(4)(iii) designates M/s. Rajasthan State Industrial Development & Investment Corporation Limited's Growth Centre Hamirgarh as an Industrial Park subject to annexure conditions. The annexure requires specified allocable area percentages, a minimum number of industrial units before tax benefits are available, minimum infrastructure investment thresholds, defined common infrastructure, limits on single-unit occupancy of industrial area, and separate statutory approvals for foreign or non resident investment. Continued operation by the notifying undertaking, procedures for transfer, and grounds for invalidation or withdrawal of approval are stipulated.

Industrial park notification establishes eligibility and conditions for tax benefits under section 80IA, subject to compliance.
Notification under clause (iii) of sub-section (4) of section 80-IA declares the industrial part of M/s. Rajasthan State Industrial Development & Investment Corporation Limited at Kuber Industrial Area as an industrial park for tax incentives, subject to annexed conditions: 195 acres, 100% industrial allocation, minimum 251 units, specified investment levels and commencement date. Conditions require minimum infrastructure expenditure (50% of project cost or 60% if built-up space provided), infrastructure definitions, single-unit area limits, separate statutory approvals for foreign investment, operation continuity by the corporation, fresh approval if commencement delayed over one year, and invalidation or withdrawal of approval for misinformation, undisclosed material facts or unauthorized amendments.

Industrial park approval under section 80IA requires infrastructure, minimum units, and compliance to secure tax benefits.
Notification designates M/s. Rajasthan State Industrial Development & Investment Corporation Limited's Sadulpur Phase industrial park as an industrial park under clause (iii) of sub section (4) of section 80 IA, subject to annexed terms. It requires stipulated infrastructure expenditure, specified common facilities, a minimum number of units before tax benefits can be claimed, limits on single unit area occupation, separate statutory approvals for investments, continued operation by the undertaking while benefits are claimed, and provides for invalidation or withdrawal of approval for misinformation, unauthorized amendments, delayed commencement without fresh approval, or non compliance with scheme conditions.

Industrial park approval enables tax benefits once minimum units and infrastructure thresholds are met; compliance and transfer rules apply.
Notification designates M/s. Rajasthan State Industrial Development & Investment Corporation Limited's Jurehra undertaking as an industrial park under clause (iii) of sub section (4) of section 80 IA, subject to annexed conditions: site particulars and investment profile; minimum infrastructure expenditure thresholds (50% or 60% where built up space provided); 100% allocable industrial area and minimum 20 units; single unit occupancy capped at 50% of allocable industrial area; tax benefits only after minimum units locate; operator continuity; separate statutory approvals; transfer intimation; and invalidity or withdrawal for misinformation, delay, non compliance or unapproved amendments.

Industrial park notification under section 80 IA: tax benefits contingent on infrastructure, unit thresholds and compliance.
Central Government notifies the undertaking of M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, at Hattipura Industrial Area, Bundi, as an industrial park under clause (iii) of sub section (4) of section 80 IA, subject to annexed terms including 100% industrial allocation, a minimum of 79 units, prescribed minimum infrastructure expenditure thresholds (50% or 60%), defined common infrastructure, limits on single unit area occupancy, required statutory approvals, tax benefits contingent on unit occupancy, operator continuity, transfer intimation requirements, and invalidation/withdrawal for misrepresentation, nondisclosure, delay or noncompliance.

Industrial park notification under section 80-IA: tax benefits subject to infrastructure, unit thresholds and compliance.
Notification under section 80-IA(4)(iii) designates the industrial portion developed and operated by M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, at Taranagar as an approved industrial park, subject to specified terms: prescribed area and allocable use, minimum number of units, investment and commencement date. Approval requires adherence to defined infrastructure standards and minimum infrastructure expenditure, limits individual unit occupancy, conditions foreign investment approvals, conditions tax benefits on establishment of minimum units and continued operation by the notifying undertaking, and permits invalidation or withdrawal for misinformation, non-compliance, unauthorized amendments, or delayed commencement without fresh approval.

Industrial park notification grants tax-benefit eligibility to a growth centre subject to infrastructure, occupancy and compliance conditions.
Notification designates the undertaking of M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, as an Industrial Park at Parbatsar and makes the Growth Centre eligible for tax benefits under Section 80-IA(4)(iii) subject to specified annexed conditions: minimum infrastructure expenditure thresholds, defined infrastructure components, limits on single-unit area occupation, requirement to obtain regulatory approvals, minimum unit occupancy for tax benefit entitlement, continuance of operation by the notifying undertaking, fresh approval if commencement is delayed beyond one year, transfer intimation requirements, and invalidity or withdrawal of approval for misinformation, undisclosed material facts, unauthorized amendments or non-compliance.

Industrial park notification: designated Growth Centre qualifies for section 80IA(4)(iii) tax benefits subject to compliance.
Central Government notifies the Growth Centre developed and operated by M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, at Dholpur as an industrial park for purposes of clause (iii) of sub section (4) of section 80IA, subject to annexure conditions. The annexure prescribes approved location, area, allocable industrial/commercial percentages, minimum industrial units and investment, and conditions making tax benefits contingent on locating the specified units. It mandates minimum infrastructure expenditure thresholds, defines infrastructure, caps single unit occupancy at 50% of allocable industrial area, requires statutory approvals, obliges continued operation by the undertaking, and provides for invalidation, transfer notification, and withdrawal on non compliance.

Charitable trust income exemption granted for receipts on behalf of Jallianwala Bagh Trust, subject to specified compliance conditions.
Exemption is granted for income received by any person on behalf of Jallianwala Bagh National Memorial Trust, Amritsar, provided the Institution applies or accumulates its income solely for its objects with limited accumulation, follows prescribed investment forms, confines business income to incidental activities with separate accounts, files returns, obtains and furnishes the required audit report, and transfers surplus assets on dissolution to a like-minded organization; the exemption applies only to receipts on behalf of the Institution and is subject to rescission for noncompliance.

Time limit for claiming income-tax exemption amended to within six months of notification publication.
The Central Government amends notification S.O. 333(E) by substituting the words "during the financial year 2006-07" with "within six months time from the date of publication of the notification," thereby replacing a financial-year deadline with a six-month post-publication time limit.

Research institution approval conditions: tax-deduction eligibility subject to utilization, audit, donation accounting, and compliance standards.
Approval is granted to Nimbkar Agricultural Research Institute as an other institution partly engaged in scientific research, subject to conditions: utilization of sums for scientific research; research carried out by faculty or enrolled students; maintenance of books of account and auditor-conducted audit with the audit report furnished to the tax authority by the income-tax return due date; and maintenance of a separate auditor-certified statement of donations received and amounts applied for scientific research. Approval may be withdrawn for specified failures or noncompliance.

Research approval under section 35: donations must fund scientific research, audited accounts maintained, noncompliance invites withdrawal.
Approval of Central Power Research Institute, Bangalore under the research-related deduction provision (read with Rules 5C and 5E) is granted from 1-4-2005 in the category of other Institution partly engaged in research, conditional on utilization of sums for scientific research, research being carried out by faculty or enrolled students, maintenance of books and an audit by an authorized accountant with the audit report and an auditor-certified statement of donations and applications for scientific research furnished to the tax authorities by the return due date.

Research approval under income-tax provisions enables tax-beneficial donations subject to audit, reporting and withdrawal for noncompliance.
Approval to Vasantdada Sugar Institute, Pune, effective 1-4-2003, in the category of other Institution partly engaged in scientific research, is subject to conditions: funds must be used for scientific research; research must be via faculty or enrolled students; books of account must be audited and audit report furnished by the return due date; and a separate auditor-certified statement of donations and amounts applied to research must accompany the audit report. Approval is withdrawable for failures including noncompliance with bookkeeping, audit, donation-statement, genuine research activity, or applicable rules conformity.

Correction to notified income tax amount: the Gazette notification is amended to correct a misstated monetary figure.
Correction to an Income Tax Gazette notification: the last paragraph of S.O. 489(E), dated 29 March 2007, is amended by replacing the previously published figure "Rs. 8.11 lakhs" with "Rs. 8.11 crore," thereby rectifying the misstated monetary amount in the notification.

Section 35AC amendment replaces a specified notified project with a different charitable project, altering eligibility under the notification.
The Central Government amends the notification by substituting in paragraph 5 the originally notified land development and construction project for a school and associated buildings at Kheda, Gujarat, carried out by the National Association for the Blind (Kheda District Branch), with the project of running a Polio Hospital, Rehabilitation and Research Centre at Hiran Magri, Udaipur, Rajasthan, carried out by Narayan Seva Sansthan, thereby altering the notified charitable project under the notification.