Tax exemption under section 10(23C)(iv) granted subject to exclusive application of income and permitted investment rules.
Notification under section 10(23C)(iv) notifies Shri Ahobila Math Sanskrita Vidya Abhi Vardhini Sabha, Chennai, as eligible for the sub clause for assessment years 1995 96 to 1997 98, conditioned on applying or accumulating income wholly and exclusively to its objects, restricting investments to forms specified in section 11(5) (except certain voluntary contributions retained as jewellery, furniture, etc.), and excluding business income unless incidental to objectives with separate books maintained.

Designation under section 80G: temple specified as place of public worship for deductible donations until fund cap or expiry.
Central Government specifies Arulmigu Atcheeswarar Temple, Acharapakkam, Kanchipuram, as a place of public worship of renown for deductions under section 80G, limited solely to repair and renovation contributions and effective only until the specified fund cap of Rs. 64,19,100 is collected or until 31 March 2002, whichever is earlier.

Anti-dumping duty rescission on styrene butadiene rubber imports from listed countries, repealing the earlier customs notification.
The Central Government rescinds the earlier customs notification imposing anti-dumping duties on Styrene Butadiene Rubber (SBR) originating in or exported from Japan, Taiwan, Turkey, France, USA, Germany and Korea, exercising powers under section 9A(2) of the Customs Tariff Act and rule 13 of the anti-dumping rules; Notification No. 39/99-Customs is withdrawn and the anti-dumping notification framework for these SBR imports is amended.

Anti-dumping duty on styrene butadiene rubber imports from several countries imposed due to dumping and material injury.
Imposition of anti-dumping duty on Styrene Butadiene Rubber (SBR) originating in or exported from specified countries, calculated as the difference between prescribed benchmark amounts and the landed value per kilogram for listed grades and exporters, pursuant to section 9A of the Customs Tariff Act and the anti-dumping rules; rates and affected producers/grades are set out in an annexed table, and the duty applies from the date provisional measures were imposed. "Landed value" means the assessable value under the Customs Act, 1962, excluding certain customs duties.

Constitution of Company Law Board benches assigns specified matters to Principal, Regional and Single Member benches for disposal.
Constitution of Company Law Board benches assigns Principal Bench (minimum two Members including Chairman or Vice Chairman) jurisdiction over specified insolvency, reconstruction and related provisions and certain restrictive trade practice matters; Regional Benches (minimum two Members) will handle specified company management sections and incidental matters; other matters and interlocutory applications, including the specified reserve bank provision, are to be dealt with by a Single Member. Benches may sit anywhere in India and may refer matters to the Principal Bench for joint consultation and disposal.

Service tax rules amendment removes a specified sub clause, altering the rulebook effective on commencement.
Amendment to the Service Tax Rules, 1994 deletes sub clause (iii) of clause (d) of sub rule (1) of rule 2; the instrument is titled the Service Tax (Second Amendment) Rules, 1999, issued under the Finance Act, 1994, and comes into force on the stated commencement date.

Notification amendment designating income-tax investigative and central officer posts in specified regional jurisdictions.
The Central Board of Direct Taxes, under section 120 of the Income-tax Act, substitutes serial number 27 in Notification S.O. 548(E) with a new entry designating specific Commissioner and Director posts for investigative and central income-tax functions in Calcutta, Patna, Gauhati and Bhubaneshwar, listing Commissioners (Central)-I and -II at Calcutta, Commissioner (Central) at Patna, and Directors of Income-tax (Investigation) at Calcutta, Patna, Gauhati and Bhubaneshwar.

Jurisdiction assignment for coordinated tax investigations establishes delegated investigative authority subject to supervisory control.
The Board directs that the Commissioner of Income-tax (Central), Patna, shall have jurisdiction over all cases or classes of cases assigned to him for the purpose of coordinated investigation and shall function under the control and supervision of the Director-General of Income-tax (Investigation), East, Calcutta, thereby centralizing investigative authority under specified administrative oversight.

Capital gains reinvestment condition: specified convertible debentures and bonds qualify subject to a seven-year transfer clawback.
Notification identifies specified fully convertible debentures and bonds issued by Koshika Telecom Limited as qualifying investments under section 54EB, limited to issues within one year and subject to stated upper limits, provided the investment is made out of income chargeable as Capital gains from transfer of a long-term capital asset; if the debentures, bonds or resulting shares are converted into money or transferred within seven years of allotment, the initial investment shall be chargeable to tax as Capital gain in accordance with the statutory recapture provision.

Notification amendment under section 120 reallocates designated income-tax investigation offices and their territorial responsibilities in eastern regions.
Amendment to the notification substitutes serial number 27 in the schedule, redefining the list of designated income-tax investigation offices and corresponding posts. It enumerates the Director General of Calcutta and specified Commissioners of Income-tax (Central) and Directors of Income-tax (Investigation) located at Calcutta, Patna, Guwahati and Bhubaneshwar, thereby reallocating investigative responsibilities among those central and regional tax offices.

Jurisdiction of Commissioner of Income-tax (Central) established for coordinated investigations under board directive with supervisory oversight.
The Central Board directs that the Commissioner of Income-tax (Central), Patna shall have jurisdiction over cases or classes of cases assigned to him for co-ordinated investigation, and that he shall function under the control and supervision of the Director General of Income-tax (Investigation), East, Calcutta, thereby establishing both investigatory remit and administrative oversight by official notification.

Capital gain reinvestment: specified fully convertible debentures and bonds qualify for relief subject to a seven year retention rule.
The Central Board of Direct Taxes specifies fully convertible debentures and bonds to be issued by M/s Koshika Telecom Limited as eligible instruments for reinvestment relief where an assessee invests capital gain arising from transfer of a long term capital asset; issuance is authorised within one year and subject to stated aggregate limits. If the assessee converts or transfers the specified securities or the shares acquired on conversion within seven years of allotment, the initial investment is chargeable to tax as capital gain under the recapture provision.

Specification of authorised officer under section 138 allows delegation of tax inquiry powers to a designated anti-corruption director or senior police officer.
Designation specifies the authorised officer under section 138 of the Income-tax Act as the Director of the Anti Corruption Bureau, Gujarat, or any officer not below the rank of Superintendent of Police who is duly authorised in writing by that Director for a specific case, thereby providing a delegated channel for exercising the investigatory functions under the cited provision.

Tax approval for housing finance deduction granted with conditions on object, audited accounts, reserve and compliance.
Approval is granted to Manipal Housing Finance Syndicate Ltd. under section 36(1)(viii) for assessment year 1999-2000, subject to the company's principal object being long-term housing finance, annual submission of audited accounts and a statement of deduction before the return due date, creation and maintenance of the required special reserve, and fulfillment of all other conditions of the provision.

Tax exemption recognition for a foundation granted subject to exclusive application of income, permitted investments, and business limitations.
Notification recognizes Aga Khan Foundation, New Delhi as qualifying under the charitable tax provision for specified assessment years, conditional on applying or accumulating income exclusively for its objects, restricting investments and deposits to permitted forms for charitable institutions (excluding certain voluntary contributions held in kind), and excluding business income unless incidental to objectives with separate books maintained.

Tax exemption recognition for a charitable society subject to income-application, investment restrictions and incidental business limits.
Notification under section 10(23C)(v) notifies Bombay Salesian Society, Mumbai as eligible for exemption for assessment years 1999-2000 to 2001-2002, subject to conditions: income must be applied or accumulated wholly and exclusively for its objects; investments or deposits are restricted to modes specified in sub section (5) of section 11 (except specified voluntary contributions); and business income is excluded unless incidental and maintained in separate books.

Tax exemption for charitable trust under section 10(23C)(v) allowed subject to income application, investment limits, and business carve out.
Notification recognizes Shri Padmanbhaswamy Temple Trust as entitled to exemption under section 10(23C)(v) for assessment years 1993-94 and 1994-95, provided the trust applies or accumulates its income wholly and exclusively to its objects, confines investments (other than specified voluntary contributions) to permitted forms, and excludes business income unless incidental with separate books maintained.

Tax exemption for notified charitable agency tied to application of income and permitted investments, with business income limits.
Notification designates the Voluntary Coordinating Agency for Child Adoption, Chennai as a notified charitable institution under section 10(23C)(iv) for specified assessment years, conditional on applying income wholly to its objects, restricting investments to authorised modes (excluding certain voluntary contributions held as jewellery or furniture), and excluding business profits unless the business is incidental and maintained in separate books.

Tax exemption notification under section 10(23C)(v) recognises a trust subject to income application and investment limits.
Notifies Sri Raja Rajeshwari Devasthanam Trust, Bangalore under sub clause (v) of clause (23C) of section 10 for specified assessment years, subject to conditions that the assessee apply its income wholly and exclusively to its objects or accumulate it for that purpose; that funds (other than certain voluntary contributions retained as tangible items) be invested only in permitted forms; and that the notification excludes business profits unless the business is incidental and accounted for separately.

Exemption under section 10(23C)(iv) granted to cultural centre, conditioned on exclusive income application and permitted investments.
Notification designates South Central Zone Cultural Centre, Nagpur as eligible under section 10(23C)(iv) for assessment year 1997-98 provided it applies or accumulates income exclusively for its objects; restricts investments to modes specified in section 11(5) except for certain voluntary contributions retained as tangible items; and excludes business profits from the exemption unless the business is incidental to the centre's objectives and separate books of account are maintained.