Industrial Park notification conditions tax incentives on infrastructure thresholds, minimum units, continued operation and compliance.
Notification designates M/s. K. Raheja IT Park (Hyderabad) Private Limited as an Industrial Park subject to specific conditions: 90% industrial and 10% commercial allocable area; minimum 30 industrial units; infrastructure expenditure at least 50% of project cost (60% if built-up industrial space provided); infrastructure components defined; cap on single-unit occupancy of 50% of allocable industrial area; tax benefits conditioned on meeting unit threshold and continued operation; statutory approvals required; transfers require joint intimation and agreement copy; delayed commencement, misinformation, undisclosed material facts or unapproved amendments invalidate approval.

Industrial Park recognition under section 80-IA(4)(iii): tax benefits conditional on infrastructure standards, unit thresholds and compliance.
The Central Government notifies the industrial park at Mewar Industrial Area (Extn.), Udaipur, developed and operated by M/s. Rajasthan State Industrial Development and Investment Corporation Limited, as an industrial park for the purposes of section 80-IA(4)(iii), subject to conditions including minimum infrastructure investment thresholds, specified infrastructure components provided on commercial terms, allocation and unit occupancy limits, a minimum number of operational units before tax benefits can be claimed, required approvals for foreign investment, continuance of operation by the developer, notification requirements on transfer, and grounds for invalidation or withdrawal for non-compliance or misinformation.

Industrial Park recognition under 80-IA(4)(iii) conditions tax benefit eligibility on infrastructure, minimum units, and compliance.
The Central Government notifies M/s. Rajasthan State Industrial Development & Investment Corporation Limited's Balotra Industrial Park as qualifying under 80-IA(4)(iii), subject to Annexure conditions: 49.61 acres, 100% industrial allocation, minimum 83 units, specified project and infrastructure investments, and commencement date. Minimum infrastructure expenditure thresholds apply (50% generally, 60% where built-up space is provided). No single unit may occupy more than fifty percent of allocable industrial area. Separate statutory approvals are required. Tax benefits accrue only after the required number of units locate in the Park. Approval may be invalidated or withdrawn for misinformation, non disclosure, unauthorized amendments, or non compliance; transfers of operation require formal intimation.

Industrial Park designation: tax benefits contingent on compliance with infrastructure investment, unit thresholds and approval conditions.
The Central Government notifies M/s Rajasthan State Industrial Development & Investment Corporation Limited's project at Zadri Falna as an Industrial Park for purposes of clause (iii) of sub-section (4) of section 80-IA, subject to Annexure conditions: specified area and allocable shares, minimum number of units, proposed investments and commencement date. Tax benefits depend on meeting minimum infrastructure investment thresholds, provision of enumerated common facilities, limits on single-unit occupation, continued operation by the notifier, prescribed approvals, and compliance with reporting and transfer-intimation requirements; noncompliance, misinformation, delayed commencement, or unauthorised amendments invalidate approval.

Industrial Park Notification: designation of a private-developed park with conditional tax incentive eligibility and compliance requirements.
Notification under clause (iii) of sub section (4) of Section 80 IA designates M/s. Meenakshi Infrastructures Private Limited's ''E Park'' as an Industrial Park for tax incentive purposes, subject to conditions including specified area and activity allocations, minimum number of industrial units, prescribed minimum infrastructure investment proportions, separate statutory approvals for foreign investment, requirement that the minimum units be located before tax benefits can be availed, continued operation by the developer during the benefit period, procedures for transfer notification, and grounds for invalidation or withdrawal of approval for misrepresentation, nondisclosure, unauthorized project amendments, or noncompliance.

Industrial Park approval under section 80 IA(4)(iii) conditions tax benefits on infrastructure thresholds, unit occupancy limits and compliance.
The Central Government notifies M/s Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, as an Industrial Park under clause (iii) of sub section (4) of section 80 IA, subject to annexure terms including park location, area, allocable industrial/commercial split, minimum number of units, proposed investments and commencement date; infrastructure expenditure minima (50% or 60% where built up space provided); infrastructure definition; 50% cap on single unit occupancy; separate regulatory approvals for foreign investment; tax benefits contingent on locating the minimum units; operator continuity; transfer intimation requirement; and invalidation or withdrawal for misinformation, unauthorized amendments, or noncompliance.

Tax incentive for industrial park approval conditioned on infrastructure expenditure, unit thresholds and compliance obligations.
Notification designates M/s. Roma Builders Private Limited's undertaking as an Industrial Park under clause (iii) of sub-section (4) of Section 80-IA, subject to annexed terms: identified project particulars (location, area, NIC-coded activities, allocable area split, minimum units, commencement date, and investment), mandatory infrastructure expenditure thresholds, definition of infrastructure, cap on individual unit occupancy of allocable industrial area, requirement to obtain statutory approvals, a unit-threshold condition before tax benefits vest, ongoing operational requirement by the developer, transfer notification procedures, and provisions for invalidation or withdrawal of approval for misrepresentation or non-compliance.

Industrial Park notification permits Section 80IA tax incentives subject to compliance, minimum units, infrastructure and approval conditions.
Notification designates M/s Infinity Infotech Parks Limited's undertaking as an Industrial Park under clause (iii) of Section 80IA(4), subject to annexed conditions including location, area, permitted activities, 92% allocable industrial area, minimum 32 industrial units, specified investment commitments, minimum infrastructure expenditure thresholds, common infrastructure requirements, a cap where no single unit may occupy more than fifty percent of allocable industrial area, requisite statutory and foreign investment approvals, operation and maintenance obligations, transfer intimation requirements, and invalidation or withdrawal for non compliance or misinformation.

Industrial Park designation under Section 80-IA(4)(iii) enables tax benefit eligibility subject to infrastructure, unit-count, and compliance conditions.
Notification designates M/s. Magarpatta Township Development and Construction Company Limited's Cybercity Magarpatta as an Industrial Park for purposes of Section 80-IA(4)(iii), specifying location, 52,666.82 sqm allocable area reserved 100% for industrial use, software supply services activity, minimum 12 units, and tower commencement dates. Conditions require minimum infrastructure expenditure thresholds (50% generally; 60% where built-up industrial space is provided), defined common infrastructure, a cap of 50% occupiable area per unit, separate statutory approvals, operation by the notifying undertaking while benefits are claimed, transfer intimation procedures, and invalidation/withdrawal for misrepresentation, nondisclosure, unauthorized amendments, or non-compliance.

Notification under Section 194A designates a public corporation for withholding-tax applicability under the Income-tax framework.
Notification designates Power Finance Corporation Limited as a specified entity for the purpose of Section 194A(3)(iii) of the Income-tax Act, 1961, under the power conferred by sub-clause (f) of clause (iii) of sub-section (3), thereby bringing the Corporation within the statutory withholding tax framework.

Revocation of e filing authorisation now requires recorded reasons and a reasonable opportunity to be heard.
The Scheme amends the 2005 Electronic Filing of Returns of Tax Collected at Source by requiring the Board to record reasons in writing before revoking an e filing authorisation and by providing that the Board shall not revoke an intermediary's authorisation without giving it a reasonable opportunity of being heard.

Revocation of e filing intermediary authorisation now requires recorded reasons and a reasonable opportunity to be heard.
The amendment requires that the Board may revoke an e filing intermediary's authorisation only after recording reasons in writing and, additionally, provides that the Board shall not revoke authorisation without giving the intermediary a reasonable opportunity of being heard.

Form 3CD reporting requirements expanded to mandate detailed disclosures and a prescribed fringe benefit valuation framework.
Amendments to Form 3CD expand audit reporting to require disclosure of partner or member changes and profit sharing alterations; detailed reporting of capital assets converted into stock in trade including description, acquisition date, cost and conversion amount; reformatting of deduction heads into individually listed items; enhanced disclosure of disallowances tied to non account payee payments and expenditures related to non taxable income; expanded reporting on specified disallowance clauses; and a new Annexure prescribing a tabular mechanism for valuation of fringe benefits with percentage allocations and industry exceptions.

Correction of Notification Date clarifies the notified instrument's operative date and preserves other corrigendum terms.
A departmental corrigendum amends the effective date of Notification No. 44/2006 to read as 7th March, 2006 instead of 30th March, 2006; this amendment is limited to the date reading and all other terms of the earlier corrigendum dated 11th July, 2006 remain unchanged.

Charitable trust income exemption: receipts taken on behalf of a temple not includable in recipients' income subject to specified conditions.
Any income received by any person on behalf of Sree Padmanabhaswami Temple Trust shall not be included in the recipient's total income for the indicated assessment years, subject to conditions: application or limited accumulation of income to the Institution's objects, permitted modes of investment, business income only if incidental with separate books, regular filing of returns, and transfer of surplus and assets on dissolution to an organization with similar objectives; the notification applies only to recipients' receipts on behalf of the Institution and not to other receipts.

Exemption under Section 10(23C)(v): income received on behalf of Mata Amritanandamayi Math excluded from donors' taxable income.
Any income received by any person on behalf of Mata Amritanandamayi Math is excluded from such person's total income for assessment years 2003-04 to 2005-06 under Section 10(23C)(v), subject to conditions: application or limited accumulation of income for institutional objects, prescribed investment modes, business income only if incidental with separate books, regular filing of returns, and transfer of surplus on dissolution to a like-minded organization.

Income tax exemption for ICC Champions Trophy media and sponsorship revenue notified under section 10(39) of the Income-tax Act.
The Central Government notifies ICC Development (International) Ltd. as the person and the ICC Champions Trophy, 2006 as the international sporting event, and declares income to ICC Development (International) Ltd. from sale of media and sponsorship rights received or receivable from Global Cricket Corporation Pte. Limited as the specified income for the purposes of the relevant clause of the Income-tax Act.

Bank term deposit scheme: five year fixed deposits qualify for section 80C deduction subject to prescribed conditions.
The Bank Term Deposit Scheme, 2006 prescribes that individuals and Hindu undivided families may invest in scheduled bank term deposits of at least five years for purposes of deduction under section 80C, subject to an annual investment ceiling and minimum denomination. It sets procedures for application, issuance of receipts bearing prescribed particulars, nomination rules, non transferability between banks, prohibition on pledging, replacement of lost or damaged receipts with indemnity requirements, encashment only on five year maturity, bank determined interest payment modes, taxability of interest under the Act, and a governmental power to relax provisions to avoid undue hardship.

Income exemption under Section 10(23C)(v): receipts on behalf of church exempt subject to conditions for specified years.
Exemption under Section 10 (23C)(v) disallows inclusion in a recipient's total income of any income received by any person on behalf of The Malankara Orthodox Syrian Church for the assessment years 2005-06 to 2007-08, subject to conditions: income must be applied or properly accumulated for institutional objects with accumulation beyond fifteen per cent limited to five years; permitted modes of investment per section 11(5) must be followed; business profits are excluded unless incidental and separately accounted; regular filing of returns is required; and on dissolution surplus assets must go to a like minded organization. The notification applies only to recipients' receipts on behalf of the Institution; the Institution's own tax position is considered separately.

Industrial Park notification designates a private undertaking for tax benefits subject to infrastructure, minimum units and compliance conditions.
The Central Government notifies M/s. Shyamaraju & Company (India) Private Limited's undertaking as an Industrial Park under clause (iii) of sub section (4) of section 80 IA, specifying location, area, allocable industrial and commercial percentages, minimum units, commencement date, and project and infrastructure investment. Approval is subject to conditions including minimum infrastructure expenditure thresholds, definition of infrastructure, unit occupancy limits, requisite external approvals, continuity of operation by the developer, requirement to meet the minimum units before accessing tax benefits, transfer notification procedures, and invalidation consequences for misinformation or unapproved project amendments.