Specification under section 35AC extended for old-age home construction project, granting continued eligibility for tax-deduction benefits.
The Central Government specifies the construction of an old age home complex at Srikakulam by Srikakulam Voyadhikula Sangham as an eligible project under the Explanation to section 35AC, and, on the National Committee's recommendation, extends that specification for a further two-year period commencing from the stated assessment year, while recording the implementing entity, project location and estimated project cost.

Specification under section 35AC extended for Ankur School project, renewing its eligible project status and tax incentive recognition.
The Central Government, under the Explanation to section 35AC, specifies the Construction, furnishing, purchase of equipment, provision of a school bus and running of Ankur School for Mentally Retarded Children at Bhavnagar as an eligible project carried out by the named deceased promoters, and renews that specification for a further three-year period commencing with the assessment year 2003-2004 following a National Committee recommendation.

Specification under Section 35AC extends an eligible project's tax exemption status for a further three assessment years.
The Central Government, under the Explanation to section 35AC and on the National Committee's recommendation under the Income tax Rules, specifies the equipment procurement and operation of a pain relief centre by Care India Medical Society as an eligible project or scheme for income tax exemption, extending that specification for a further three assessment years and noting estimated project cost and corpus fund.

Specification under the Income-tax Explanation extends eligibility for a mentally disabled education and training project, preserving tax benefit.
The Central Government, invoking the Explanation to the Income-tax Act, specifies the Rajkot project run by The Society for the Mentally Retarded as an eligible project or scheme for income-tax purposes following the National Committee's recommendation, and extends its period of eligibility for a further three-year term commencing from the stated assessment year, noting the project's estimated capital and corpus funding.

Section 35AC specification extended for eligible charitable project, renewing tax incentive eligibility for a further three year period.
The Central Government, under the Explanation to Section 35AC of the Income tax Act, renewed the specification of the Sri Sankara Deva Nethralya Phase I Expansion project-covering purchase of equipment, vehicles, furnishing and building construction by Sri Kanchi Sankara Health & Educational Foundation-as an eligible project for tax incentive treatment for a further three year period commencing with the assessment year 2002-2003, following the National Committee's recommendation that the project was being executed properly.

Specification under Explanation to section 35AC: hospital equipment and operations project declared eligible and project cost amended
The Central Government specifies the Purchase of equipment and running of hospital projects at Visakhapatnam by Sankar Foundation as an eligible project under the Explanation to section 35AC, and, following a National Committee recommendation, amends the earlier notification to substitute the previously stated estimated project cost with a revised higher amount in the Table against the specified serial number.

Section 35AC project specification extended and project cost increased for special education centres for spastic children.
The Central Government specifies the scheme of equipment, furnishing and running of special education centres for spastic children by The Spastic Society of Tamil Nadu as an eligible project under the Explanation to section 35AC for a further three years beginning with assessment year 2003-2004, and amends the earlier notification to increase the maximum estimated project cost as recommended by the National Committee under the Income-tax Rules.

Specification under section 35AC: eligibility for a school construction project extended, preserving donor tax-incentive access.
The Central Government, exercising powers under the Explanation to the Income-tax Act, specifies the Angles' Educational Trust scheme for construction, fixtures and furnishing of a school as an eligible charitable project for tax-incentive purposes and extends that specification for a further three-year eligibility period commencing with the relevant assessment year, following a National Committee recommendation that the project is being executed properly.

Foreign Currency Convertible Bonds Scheme specified under Section 115AC, making the depository receipt mechanism applicable for tax purposes.
The Central Government specifies the "Issue of Foreign Currency Convertible Bonds and Ordinary Shares (through Depository Receipt Mechanism) Scheme, 1993" as a Scheme for the purposes of Section 115AC of the Income tax Act, 1961, in respect of assessment year 2002-2003 and subsequent assessment years, and records the principal Gazette publication and subsequent amendment notifications through 2002.

Tax-free bonds specified for Sardar Sarovar Narmada Nigam Limited; tax exemption conditioned on holder registration.
The Central Government specifies tax free bonds issued by Sardar Sarovar Narmada Nigam Limited, identifying four series with designated denominations, interest rates and tenures, allocating the aggregate issue among Series I A, I B, II A and II B with distinctive numbers. The tax exemption is conditional on the bondholder registering his or her name and holding with the issuing corporation.

Tax exemption for specified NHB priority sector bonds confirmed, conditional on holder's registration with the issuing bank.
The Central Government specified a tranche of 7.85 per cent NHB Priority Sector Bonds issued during 2001-2002 as tax-free for the purposes of section 10(15), identifying them by series and distinctive numbers, and providing that the exemption is admissible only if the holder registers his or her name and holding with the issuing bank.

Audit report for deductions under section 80 IA requires Form No.10CCB and specified supporting accounts and approvals.
The substituted Rule 18BBB mandates that audit reports to claim deductions under the relevant income tax provisions be furnished in Form No. 10CCB, with a separate report for each undertaking accompanied by that undertaking's Profit & Loss Account and Balance Sheet. Infrastructure enterprises must attach the governmental agreement; other eligible businesses must attach the relevant approval or permission. The auditor, who must be a chartered accountant or an eligible company auditor, must certify that the undertaking meets statutory conditions and state reasons for any negative answers or qualifications.

Tax exemption notification grants conditional recognition to an educational institute under income tax law for specified assessment years.
Notification recognizes the Institute of Marketing & Management, New Delhi for income tax exemption under clause (23C)(iv) of section 10 for specified assessment years, conditional on applying income wholly to its objects; restricting investments to modes permitted under the law (excluding certain voluntary contributions held as jewellery or furniture); excluding business profits except where incidental and separately accounted; regular filing of income-tax returns; and transfer of surplus assets on dissolution to a charitable organisation with similar objectives.

Tax exemption under section 10(23C)(iv) granted to ashram subject to compliance with specified conditions and reporting obligations.
Central Government notifies section 10(23C)(iv) recognition for Sree Ramakrishna Satyananda Ashram for assessment years 2001-2002 to 2003-2004, subject to conditions: apply income wholly to charitable objects; restrict investments to modes specified in the Act; exclude business profits unless incidental with separate books; file returns regularly; and on dissolution transfer surplus and assets to a similar charitable organization.

Tax exemption under clause 23C(iv) of Section 10 recognized for Population Foundation, subject to specified compliance conditions.
Notification designates Population Foundation of India as eligible under clause (23C)(iv) of section 10 for assessment years 2002-03 to 2004-05, conditioned on applying income wholly and exclusively to its objects, limiting investments to forms specified in section 11(5) (with limited exceptions for certain voluntary contributions), treating business income as incidental only if separate books are kept, filing income-tax returns regularly, and transferring surplus assets on dissolution to a similarly purposed charitable organization.

Tax exemption notification grants charitable status to The Theosophical Society subject to conditions on income use and investments.
Notification designates The Theosophical Society, Adyar, Chennai as eligible for charitable tax exemption for the specified assessment years, conditional on applying income wholly to its objects, restricting investments to statutory permitted forms (with limited treatment for certain voluntary contributions), treating business income as non exempt unless incidental and separately accounted, filing returns regularly, and transferring surplus and assets on dissolution to a similarly purposed charitable organization.

Tax exemption notification for a religious body conditions entitlement on application of income, investment limits, business accounting, returns, and dissolution transfer.
Notification grants income-tax exemption to the National Spiritual Assembly of the Bahai's of India under clause (23C)(v) of section 10, conditional on applying income wholly to its objects, restricting investments to forms permitted by section 11(5) (excluding certain voluntary contributions in kind), excluding business profits unless incidental and separately accounted, filing returns regularly, and transferring surplus and assets on dissolution to a charitable organisation with similar objectives.

Charitable Trust Recognition: notification grants tax-exemption status subject to exclusive application of income, prescribed investments, separate business accounts, returns.
The Central Government notifies Jagadguru Sri Sankaracharya Swamigal Srimatam Samasthanam for clause (23C)(v) of section 10, subject to conditions: apply or accumulate income wholly and exclusively to its objects; restrict investments to forms specified in section 11(5) except voluntary contributions retained as jewellery or furniture; exclude profits and gains of business unless incidental and separately accounted; regularly file income-tax returns; and on dissolution transfer surplus and assets to a charitable organization with similar objectives.

Notification under section 10(23C)(iv): tax-exempt status conditioned on income application, investment limits, business accounting, filing, and asset transfer.
Designation of Krishnamurti Foundation India under clause (23C)(iv) of section 10 is made subject to conditions: income must be applied or accumulated solely for the foundation's objects; investments limited to forms permitted under section 11(5) except certain voluntary contributions; business income excluded unless incidental and separately accounted; return of income must be regularly filed; and on dissolution surplus assets must be transferred to a like-minded charitable organization.

Deduction under section 35AC: approved institutions and specified projects eligible for deduction across designated assessment years.
The Central Government, on National Committee recommendations, approves sixteen institutions under the Explanation to section 35AC and specifies for each the eligible project or scheme, the nature of activities (construction, equipment, welfare and programme running, endowment funds, rehabilitation) and the maximum amount of project cost admissible as a deduction. The notification also sets the assessment year applicability for each entry (one year for serial 7; three years for serials 1-6 and 8-16) and records a later substitutional amendment to earlier aggregate cost figures.