Exemption under section 35AC: specified projects approved for deductible donations for a limited assessment-period.
The Central Government, on the National Committee's recommendation, approves a specified institution and an eligible project for deduction purposes under section 35AC, stating the project description, the estimated cost and the maximum amount of that cost allowable as a deduction; the notification also limits the period of its operation to a defined three-year span relating to specified assessment years.

Tax exemption under section 10(23C)(iv) notified for institute, subject to conditions on income application, investments, business income, dissolution.
Notifies the National Institute of Public Finance and Policy as eligible under section 10(23C)(iv) for assessment years 1999-2000 to 2001-2002 subject to conditions: income must be applied or accumulated solely for institute objects; investments limited to forms allowed by section 11(5) (except certain in-kind voluntary contributions); business income only if incidental with separate books; regular filing of returns; and on dissolution surplus assets dealt with under the institute's constitutional documents without reverting to the Government.

Section 10(23C)(iv) exemption: agency notified for tax-exempt status subject to application, investment and return filing conditions.
Central Government notifies the State Innovation in Family Planning Services Project Agency, Lucknow, under section 10(23C)(iv) subject to conditions: apply or accumulate income wholly and exclusively to objects; invest funds only in modes permitted for trusts (excluding certain voluntary contributions held as moveables); notification excludes business income unless incidental and accounted in separate books; and the assessee must regularly file returns under the Income-tax Act.

Tax exemption under section 10(23C)(v) granted to a trust, conditional on application of income, permitted investments, and dissolution transfer.
Central Government notifies the Shree Vedmata Gayatri Trust, Hardwar as eligible for exemption under section 10(23C)(v) for assessment years 1994-95 to 1996-97, subject to conditions: apply or accumulate income wholly for charitable objects; limit investments to modes permitted under section 11(5) (except certain voluntary contributions held as jewellery or furniture); treat business income as non-exempt unless incidental and separately accounted; file income-tax returns regularly; and on dissolution transfer surplus and assets to a similar charitable organisation.

Charitable donation tax benefit: temple specified as place of public worship, deductions allowed for capped repair and renovation contributions.
The Central Government specified the Arulmigu Nellaiappar and Arultharum Khanthimathi Ambal Thirukovil Temple, Madurai, as a place of public worship for section 80G purposes, making donations eligible for deduction. The specification is limited to repair and renovation work, valid only until the prescribed funding limit of Rs. 43,42,000 is collected or until 31 March 2002, whichever is earlier.

Approval under section 10(23G) confers tax-exempt status on specified infrastructure enterprises subject to compliance conditions.
Approval is granted to specified enterprises for tax exemption under section 10(23G) read with rule 2E, subject to conformity with statutory provisions; the Central Government may withdraw approval if the enterprise ceases to provide an infrastructure facility, fails to maintain audited books of account, or fails to furnish the required audit report.

Constituency allowance exemption rectified to amend the effective date, clarifying tax-exempt scope for state legislators.
Corrigendum rectifies the effective date of a prior notification under the Income-tax Act concerning the tax treatment of constituency allowance for members of the Madhya Pradesh State Legislature, amending the originally stated commencement date while leaving the remainder of the notification unchanged.

Cost Inflation Index specified; government amends notification to update indexation for capital gains tax calculation.
The Central Government, under the Explanation to the income-tax provision for indexation, specifies the Cost Inflation Index for the financial year commencing 1 April 2000 and ending 31 March 2001 based on the Consumer Price Index for urban non-manual employees, and amends the earlier notification by adding a new table entry identifying that financial year and its Cost Inflation Index.

Tax exemption under section 10(23C)(vi) notified, subject to regular filing of returns for specified assessment years.
The Central Government notifies The Tiranthanjali Educational, Indore as entitled to exemption under sub-clause (vi) of clause (23C) of section 10 of the Income-tax Act for a specified period, subject to the condition that the assessee will regularly file its return of income before the income-tax authority in accordance with the provisions of the Act.

Tax exemption under section 10(23C)(vi) granted to ASCI subject to regular income tax return filing obligation.
Notification grants The Administrative Staff College of India, Hyderabad recognition under clause (vi) of clause (23C) of section 10 for specified assessment years, subject to the condition that the assessee will regularly file its return of income before the income-tax authority in accordance with the Income-tax Act.

Section 10(23C)(iv) exemption granted to charitable trust subject to income application, investment limits, business-incidental and filing conditions.
Notification grants a tax exemption under section 10(23C)(iv) to His Holiness The Dalai Lama's Charitable Trust for assessment years 1996-97 to 1998-99, provided the trust applies or accumulates income exclusively for its objects, limits investments to forms specified for charitable trusts (except certain tangible voluntary contributions), excludes business income unless incidental with separate books maintained, and files income-tax returns regularly.

Tax exemption notification grants conditional recognition to Small Farmers Agri-Business Consortium requiring exclusive income application and compliance.
Notification admits the Small Farmers Agri-Business Consortium to the tax-exemption category under clause (iv) of clause (23C) of section 10 for specified assessment years, subject to conditions that income be applied wholly and exclusively to its objects, investments comply with modes permitted by sub-section (5) of section 11 (except certain voluntary contributions in kind), business income is excluded unless incidental with separate books maintained, and regular filing of income-tax returns is observed.

Avoidance of double taxation: treaty allocates taxing rights and limits source state withholding on dividends, interest and royalties.
Bilateral Convention allocates taxing rights between India and Portugal to avoid double taxation and prevent fiscal evasion, defining residency and permanent establishment rules, prescribing source state limits on withholding for dividends, interest and royalties when beneficial owners are resident in the other State, attributing business profits to permanent establishments under an arm's length standard, and providing bilateral methods for elimination of double taxation, non discrimination, mutual agreement procedures, exchange of information, collection assistance, entry into force and termination rules.

National Savings Scheme: amends rules to reference rule 6 for interest rates in specified provisions.
Amends the National Savings Scheme Rules, 1992 by substituting the fixed phrase "interest at the rate of eleven per cent per annum" with "interest at the rate as specified in rule 6" in rule 7(3) and in the proviso to rule 10, centralising interest rate determination in rule 6 and commencing on publication in the Official Gazette under authority of the Government Savings Banks Act, 1873.

Creation of new tax post under administrative control assigns jurisdiction and places it under designated charge by notification.
The notification creates the post of TRO XLVI, Calcutta and 24 Pgns under the statutory power of section 120 of the Income tax Act, places the post under the administrative control and jurisdiction of the Additional Commissioner, Range IV(C), and under the charge of the Commissioner (Appeals) II, Calcutta, and records the effective commencement date and departmental reference for the order.

Exemption under section 35AC: specified technical training scheme granted a further three year eligible project period.
The Central Government, exercising powers under subsection (1) read with the Explanation to section 35AC, specifies the Jnana Prabodhini Shivlal Shah Yojana (construction of building, purchase of equipment and running of the technical training scheme) by Jnana Prabhodhini-Solapur as an eligible project for a further three-year period beginning with the assessment year 2001 2002, following the National Committee's recommendation that the project is being executed properly.

Section 35AC amendment broadens eligible project area for Sundeep Foundation to cover Gujarat and Maharashtra.
The Central Government amends the earlier notification by substituting, in the Table entry for Sundeep Foundation, the project description wording to read "running of health care and education activities in Gujarat and Maharashtra," replacing the prior district-specific phrasing; the change is effected under the enabling income-tax provision on the National Committee's recommendation.

Exemption under section 35AC extended for children's orthopaedic hospital project, qualifying it as an eligible scheme for three more years.
The Central Government specifies the project of purchase of equipment, furnishing and running of a children's orthopaedic hospital by the Society for the Rehabilitation of Crippled Children, Mumbai, as an eligible project or scheme for a further period of three years beginning with the assessment year 2001 2002, following a National Committee recommendation and exercising powers under the Act; the project is for diagnosis, treatment and rehabilitation of handicapped children at an estimated cost of rupees four crore.

Section 35AC exemption extended for Hindu Mission Hospital expansion, qualifying the project as an eligible scheme for further tax relief.
The Central Government specifies the expansion of Hindu Mission Hospital by addition of a Geriatric Division and an Ophthalmic Block at Tambaram, Tamilnadu, as an eligible project or scheme for purposes of exemption under Section 35AC, following a National Committee recommendation that the project is being executed properly; the specification is extended for a further three years beginning with the assessment year 2001-2002.

Tax exemption eligibility extended for charitable rehabilitation project after National Committee recommendation, allowing equipment and furnishing costs to qualify.
The Central Government specifies extension of eligibility for tax exemption for the purchase of instruments/equipment and furnishing of Andh Apang Kalyan Kendra, Ahmedabad by Andh Apang Kalyan Kendra for a further three-year period beginning with the assessment year 2001-2002, following a National Committee recommendation that the project is being properly executed, and records the project at an estimated cost of thirty lakhs.