Specified capital gains bonds qualify for proviso tax treatment, subject to transferee notification after transfer.
Specification designates the SIDBI Capital Gains Bonds as qualifying instruments for the proviso to section 193 of the Income-tax Act, linking those bonds to the proviso's tax treatment. A condition requires transferees who acquire such bonds by endorsement or delivery to notify the Small Industries Development Bank of India by registered post within sixty days of transfer to remain eligible for the proviso benefit.

Section 35AC eligibility extended for SEWA Rural project with renewed three year specification and revised project cost cap.
The Central Government re specifies SEWA Rural's Integrated Rural Development project as an eligible project or scheme under the Explanation to section 35AC for a further three year period beginning with assessment year 2003 2004 and amends the notified maximum project cost to a higher figure that includes a corpus fund, following the National Committee's recommendation under the Income tax Rules.

Eligibility under section 35AC extended for Maharogi Sewa Samiti welfare scheme, specifying continued recognition and tax benefit applicability.
The Central Government, under the Explanation to section 35AC, specifies the scheme of running expenses for welfare activities of Maharogi Sewa Samiti at Nagpur, Chandrapur and Godchiroli, carried out by Maharogi Sewa Samiti at the estimated cost stated in the notification, as an eligible project or scheme for a further three-year period commencing with the assessment year specified in the notification.

Tax project eligibility extended: watershed and village development specified as eligible under income-tax provision for further period.
Central Government specifies Yusuf Meharally Centre's scheme for promotion of watershed development in Konkan and integrated village development in Panvel as an eligible project under the Explanation to the income-tax provision, following the National Committee's recommendation that the project is properly executed, and extends eligibility for a further three-year period beginning with the assessment year 2003-2004 at an estimated cost of rupees three crore twenty-two lakhs fifty thousand.

Project eligibility under section 35AC: specification extended for a charitable eye hospital following statutory recommendation.
Specification under the Explanation to Section 35AC recognizes the Poona Blind Men's Association's 50 bed eye hospital at Mohammedwadi as an eligible project for tax incentive purposes and extends that specification for a further three year period beginning with the relevant assessment year, following a National Committee recommendation that the project was being properly executed and pursuant to the powers vested by the Explanation to Section 35AC of the Income tax Act, 1961.

Section 35AC eligibility extended for free medical aid project by Kailash Charitable Trust for an additional three-year period.
The Central Government specified the project of running free medical aid services at NOIDA by Kailash Charitable Trust as an eligible project under the Explanation to Section 35AC, following prior notifications and a National Committee recommendation, and extended that specification for a further three-year period commencing with the stated assessment year.

Section 35AC project specification extended for Kanoria Seva Kendra's hospital and research centre, authorising continued eligible expenditure.
The Central Government, under the Explanation to section 35AC, specifies Kanoria Seva Kendra's project for construction of an extension building, purchase of equipment, provision of a mobile van, furnishing and running of a hospital and research centre as an eligible project for a further three years commencing with assessment year 2003-2004, following a National Committee recommendation and recording the project's estimated cost.

Extension of project designation under Explanation to section 35AC secures further multi year eligibility for community ophthalmology centre project.
The Central Government specifies the Setting up of a Community Ophthalmology Centre by Dr. Nihar Munshi Eye Foundation, including purchase of premises, equipment and instruments at Calcutta, as an eligible project or scheme under the Explanation to section 35AC and extends its eligibility for a further three year period commencing with the relevant assessment year, pursuant to a recommendation by the National Committee and the powers conferred by the Explanation.

Tax deduction eligibility extended for Children Welfare Centre school construction, project specified for a further three year period.
The Central Government specified the Children Welfare Centre's Construction of school building (Phase II) at Yari Road, Versova, Mumbai as an eligible project under the Explanation to section 35AC, extending specification for a further three years commencing assessment year 2003 2004, following the National Committee's recommendation that the project was being executed properly and was likely to extend beyond the original three year period.

Specification of charitable project under section 35AC extends tax-eligible cancer patient services in Ahmedabad for renewed term.
The Central Government re-specifies the purchase of vehicles and running of medical services for cancer patients in Ahmedabad by Gujarat Cancer Dardi Seva Trust as an eligible project under the Explanation to the Income-tax provision, following a National Committee recommendation that the project is properly executed; the scheme is specified for a further three-year period commencing from the stated assessment year with an estimated project cost and a separate corpus fund.

Specified project designation under income tax Explanation: sports centre by charitable trust extended for a further two year period.
The Central Government specifies the construction and running of a sports centre at Agra by Lalaram Gupta Charitable Trust as an eligible project under the Explanation to the income tax provision for a further two year period, following earlier specifications and extensions and a recommendation by the National Committee that the project is being properly executed; a later correction clarifies the project description.

Eligible project specification under section 35AC extends tax-incentive status for a charitable healthcare scheme following committee recommendation.
The Central Government specifies the scheme of Supporting the Leprosy Mission Hospitals, executed by The Leprosy Mission Trust India, as an eligible project under the Explanation to section 35AC of the Income-tax Act for a further three-year period following the National Committee's recommendation under rule 11M(5), thereby extending the project's eligibility for tax-incentive treatment.

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.