Dispute Resolution Panel rules reorganise panel locations and membership, enabling administrative transfers after hearing and reasons.
The amendment authorises the Board to constitute Dispute Resolution Panel headquarters at specified locations with defined territorial jurisdictions, assigns three Commissioners of Income-tax to each panel, permits transfer of cases between panels or jurisdictions by the Principal Chief Commissioner or Chief Commissioner of Income-tax (International Taxation) after giving the eligible assessee an opportunity of being heard and recording reasons, and requires the Principal Chief Commissioner or Chief Commissioner where the panel headquarters is located to constitute the panel secretariat.

Pension fund specification: Reliance Retirement Fund recognised for income-tax deduction eligibility for assessment years and subsequent years.
The Central Government designates the Reliance Retirement Fund set up by Reliance Mutual Fund, registered under SEBI (Mutual Fund) Regulations (registration No. MF/022/95/1), as a pension fund for the purposes of clause (xiv) of sub-section (2) of section 80C of the Income-tax Act, with effect for the assessment year 2015-16 and subsequent assessment years, and the notification takes effect from its publication in the Official Gazette.

Tax exemption recognition for a construction workers welfare board applies to specified receipts, subject to operational and filing conditions.
Notification designates the West Bengal Building and Other Construction Workers Welfare Board as a notified body for specified income sources-cess, registration fees and subscriptions, government grants and loans, and investment interest-applicable for financial years 2011-2012 to 2015-2016, conditional on no commercial activity, unchanged activities and income character during each year, and filing income returns under clause (g) of sub section (4C) of section 139 of the Income tax Act.

Tax exemption for Bureau of Indian Standards: specified income exempt subject to non-commercial and filing conditions.
Notification under clause (46) of section 10 of the Income-tax Act notifies specified receipts of the Bureau of Indian Standards as exempt: certification fees, sale of standards where no profit is involved, and interest income. The exemption is subject to conditions that the Bureau refrain from commercial activity, maintain unchanged activities and nature of specified income during the financial year, and file income-tax returns as required by the statutory provision referenced.

Tax exemption for notified society: central grants and interest exempt subject to non commercial use and return filing.
Notification designates Karnataka Computerisation of Police Society as a notified entity whose specified income-grants in aid from the Central Government and interest on those grants-is exempt under section 10(46), subject to conditions that the Society not engage in commercial activity, that its activities and specified income remain unchanged during the financial year, and that it files its return of income as required by the Act.

Tax exemption for specified income of Tamil Nadu Pollution Control Board granted under section 10(46) subject to prescribed conditions.
Notification under Section 10(46) notifies the Tamil Nadu Pollution Control Board as a constituted State body for exemption of specified incomes-consent and authorization fees, monitoring and survey fees, reimbursements from central schemes, EAIA processing fees, training and non-commercial law-book sales, RTI and public hearing fees, vehicle emission and miscellaneous receipts, and interest-applicable for assessment years 2014-15 to 2018-19, subject to non-commercial activity, unchanged nature of specified income during the year, and specified return-filing requirements.

Tax exemption recognition for Kerala State Electricity Regulatory Commission exempting specified income subject to non commercial and return filing conditions.
Notification designates Kerala State Electricity Regulatory Commission as a constituted Commission for recognition of specified income comprising grants and loans from the Government of Kerala, petition fees, licence fees, and interest from investments, applicable for financial years 2012-2013 to 2016-2017, subject to conditions that the Commission not engage in commercial activity, that its activities and the nature of specified income remain unchanged during the year, and that it files its return of income under clause (g) of sub section (4C) of section 139 of the Income tax Act.

Tax exemption for notified research body: grants and interest exempt subject to noncommercial use and compliance filing.
Notification under clause (46) of section 10 exempts the North East Centre for Technology Application and Reach from tax on two categories of income-grants in aid and interest on those grants-subject to conditions: no commercial activity, unchanged activities and specified income during the financial year, and filing the return of income as required; grants must be received and applied per prevailing rules and regulations.

Section 120 amendment: Notification wording revised to remove Ramanagar from excluded districts and adjust Schedule exclusions.
The Central Board of Direct Taxes amends the Schedule to notification S.O. 1615 (E) by substituting bracketed exclusion language in column (4): "(other than the districts of Ramanagar" is replaced by "(other than the districts of", and "(other than the districts of Kolar, Chikkaballapur, Ramanagar" is replaced by "(other than the districts of Kolar, Chikkaballapur,", thereby removing Ramanagar from the specified exclusions under the notification.

Notification amendment replaces Range designation from 7(1) to 7(2) in an Income-tax Gazette notification.
The Central Board of Direct Taxes, under the cited provisions of the Finance Act and section 120 of the Income-tax Act, 1961, amends notification S.O.876(E) dated 22nd June, 2005 by substituting the term "Range 7(1)" in paragraph (i) with "Range 7(2)", by notification dated 19th December, 2014.

Corrigendum to income tax notification updates Schedule I territorial listings, postal code entries and taxpayer category references.
Corrigendum to the Income tax notification S.O.2752(E) effects targeted textual and territorial amendments in Schedule I: substitutions of item cross references, addition of districts and talukas to territorial listings, omission and narrowing of specified postal codes (including municipal exclusions), expansion of postal code listings and cantonment/taluka designations, and insertion of a taxpayer category for persons other than companies and cooperatives deriving non business or non professional income with attendant cross reference adjustments.

Notification procedure for semiconductor wafer fabrication units under section 35AD: eligibility, approval and maintenance conditions govern tax benefit entitlement.
The rules prescribe that an applicant seeking notification of a semiconductor wafer fabrication unit as a specified business under section 35AD must apply in Form No. 3CS to the Central Board of Direct Taxes, which may issue deficiency letters, require additional documents or information, allow time for cure, and either notify approval for Gazette publication or reject/declare the application invalid with reasons. The Board may later withdraw approval for cessation, non-genuine activity, non-compliance with section 35AD or these rules, or withdrawal of prior administrative incentives. The assessee must maintain separate books for the unit and file timely returns to claim the deduction.

Substantial government financing test: government grant must constitute a majority of institutional receipts to qualify under clause 23C.
A new rule states that a university, educational institution, hospital or similar institution is considered substantially financed by the Government for any previous year if the Government grant to that institution exceeds fifty percent of its total receipts for the relevant previous year, with total receipts including any voluntary contributions.

Income-tax exemption for regulatory commission: specified public funding and fees exempt subject to non-commercial and filing conditions.
Notification under section 10(46) exempts specified income of the Karnataka Electricity Regulatory Commission for financial years 2014-2015 to 2018-2019, comprising grants and loans from the Government of Karnataka, statutory fees, and interest from investment, subject to conditions that the Commission shall not engage in commercial activity, its activities and the nature of specified income remain unchanged during the year, and it files its return of income as required by clause (g) of sub-section (4C) of section 139.

Deduction under Section 35AC: specified institutions' projects approved for limited-period tax-deductible contributions.
Notification under Section 35AC designates thirty-five specified institutions and approves particular projects or schemes recommended by the National Committee for Promotion of Social and Economic Welfare, identifying estimated project costs and the maximum amounts allowable as deductions. Approval is limited to a three year period commencing with the financial year 2014-15; deductibility under Section 35AC is available only for payments to the notified institutions for the approved projects up to the specified ceilings during that period.

Jurisdiction allocation of Income tax authorities clarifies investigative and information gathering powers and authorises subordinate orders.
Notification No. 77/2014 supersedes S.O.1942(E) and reallocates jurisdiction among the Director General, Income tax (Intelligence and Criminal Investigation), New Delhi, and specified Directors by assigning them powers under section 132 and related provisions, and information gathering functions (including sections 131, 133, 133A, 133B, 134, 135, 285BA) for the territorial areas set out in the annexed Schedules; it also authorises those officers to issue written orders to subordinate authorities and takes effect on publication in the Official Gazette.

Prescribed authority designation under section 10(23C) authorises Commissioners of Income-tax (Exemptions) to act under rule 2CA.
Central Board of Direct Taxes designates the Commissioners of Income-tax (Exemptions) as the prescribed authority under rule 2CA for the relevant exemption sub-clauses, empowering those Commissioners to exercise the functions contemplated by that rule; the notification supersedes the earlier 2007 instrument except for prior actions and fixes a specified date for the rule's operation.

Prescribed authority designation: Commissioner empowered to act under income-tax exemption provisions, superseding earlier notification, effective from specified date.
The Central Board of Direct Taxes authorises the Commissioner of Income-tax (Exemptions) to act as the prescribed authority for the purposes of sub-clauses of clause 23C of section 10, read with the relevant rule, superseding the earlier notification of May 30, 2007 except as to past actions, and specifying an operative commencement by reference to a stated specified date.

Advance ruling application rules require specified forms, verification, and accompanying proof of prescribed fees for applicants.
Amendments to rule 44E require advance ruling applications to be filed in quadruplicate in specified forms corresponding to applicant classes, mandate verification, and introduce a companion fee schedule. Every application must include proof of fee payment; a tiered fee structure applies to certain notified applicant classes based on transaction value, with a fixed fee for other applicants. FORM 34DA is inserted detailing applicant particulars, questions of law or fact, statements of relevant facts and legal interpretation, annexures, document lists, fee particulars, and verification requirements.

Specified resident applicant for advance tax rulings on large-value transactions designated eligible under Section 245N(b)(iia).
The Central Government specifies a class of residents as applicants for advance rulings where tax liability arises from one or more transactions valuing one hundred crore or more in total, enabling such residents to seek determinations under Chapter XIX B; the notification takes effect on publication in the Official Gazette.