Research approval under section 35(1)(ii) requires separate research accounts and annual audited reporting to retain tax-exempt status.
Approval under section 35(1)(ii) recognises M/s Sir Hurkisondas Nurrotumdas Medical Research Society for research-expenditure exemption for 1.4.2003-31.3.2006, conditional on maintaining separate books for research (not required if classified as an Association), filing an annual scientific research return to the Department of Scientific and Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research to tax exemption authorities and the Department by 31 October, alongside the income-tax return. Renewal applications must be filed in triplicate through the tax exemption office and sent in three copies to the Department.

Tax exemption approval under section ten twenty three G renewed, subject to compliance and withdrawal on cessation or non audit.
Renewal of approval under section 10(23G) is notified for M/s Madurai Power Corporation Private Limited for its 106 MW Diesel Engine Power Project, effective from the relevant assessment year. The approval is conditional on conformity with the Income-tax Act and Income-tax Rules, including maintaining books of account, obtaining an accountant's audit, and furnishing the required audit report; the Central Government may withdraw approval if the enterprise ceases eligible business operations or fails these audit and reporting obligations.

Tax exemption under section 10(23G) permits BOT toll project relief subject to business eligibility, accounts, and audit compliance.
Approval under section 10(23G) and rule 2E permits M/s JAS Toll Road Company Ltd. to claim tax-exempt status for its BOT highway widening and rehabilitation project for the concession period, conditional on carrying on the eligible business, maintaining books of account, obtaining the required audit and furnishing the prescribed audit report; the Central Government may withdraw approval on cessation of eligible business, failure to maintain/audit accounts, failure to furnish the audit report, or earlier violation of the concession agreement.

Tax exemption approval under section 10(23G) granted to RVK Energy, conditional on compliance and audit obligations.
Approval is granted to M/s RVK Energy Pvt Ltd under section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for a mini power plant project, subject to compliance with the statute and rules. The approval requires maintenance of books, audit by an accountant and furnishing of the audit report; the Central Government may withdraw approval if the enterprise ceases the eligible business or fails to comply with the accounting and audit obligations.

Duty reduction on petroleum products expands customs tariff relief, lowering rates for motor spirit, diesel and LPG.
Amendment to the customs tariff notification inserts new table entries and substitutes an existing rate to effect a duty reduction on specified petroleum products by identifying tariff headings for Motor Spirit, High Speed Diesel and Liquefied Petroleum Gas and prescribing reduced customs duty rates under the existing exemption notification framework.

Excise duty rate change on petroleum products alters applicable rates and adds kerosene for PDS to the taxable schedule.
The government amended Notification No.6/2002-Central Excise by substituting the tariff rate entries for S. No. 32B and S. No. 32C and by inserting S. No. 32F (tariff heading 2710.91) to include kerosene for ultimate sale through the Public Distribution System within the notification and subject it to the excise rate prescribed by the amending notification.

Extension of compliance period: foreign-resident promoters and directors given additional time to obtain unique identification numbers.
Exercising powers under Regulation 5A(1), the Board specifies an extended date by which promoters or directors of specified intermediaries who are resident outside India must obtain unique identification numbers, in response to representations that strict compliance with earlier deadlines would cause genuine hardship.

Renewal of recognition granted to Pune Stock Exchange subject to implementation of inspection findings and rectification of deficiencies.
Grant of renewal of recognition to Pune Stock Exchange Limited under section 4 of the Securities Contracts (Regulation) Act for a one-year period, conditioned on implementation of all observations, suggestions and rectification of deficiencies set out in SEBI's inspection report and compliance with any further prescribed or imposed conditions.

Approval under tax exemption provision: conditional tax approval for port operation project, withdrawable for noncompliance with audit and record requirements.
Approval has been granted to M/s Ennore Port Ltd. for the purposes of a tax exemption provision with effect from the relevant assessment year for its project of managing and operating Ennore Port. The approval is conditional on conformity with the statutory exemption provision and applicable rules, maintenance of books of account, obtaining an accountant's audit and furnishing the required audit report, and is withdrawable by the Central Government on failure to meet these conditions.

Income-tax approval renewed for power project, subject to eligibility, accounts audit and withdrawable on noncompliance.
Renewal of income-tax approval to M/s Suryachakra Power Corporation Private Limited for its 20 MW diesel power project at Bambooflat runs from assessment year 2002-03 to 2018-19, subject to conformity with eligibility and procedural requirements, maintenance of books and audit, and is withdrawable by the Central Government if the enterprise ceases eligible business, fails to maintain accounts, or fails to furnish the required audit report.

Approval under section 10(23G) renewed for power project, conditional on compliance, audits and timely commissioning.
Renewal of approval to M/s Reliance Petalganga Power Limited under section 10(23G) read with rule 2E is granted subject to conditions: ongoing conformity with the statutory provisions, maintenance and audit of books of account, furnishing the prescribed audit report, and commencement of power generation from the approved project by the prescribed deadline; the Central Government may withdraw approval on cessation of eligible business, failure to maintain or audit books, failure to furnish the audit report, or failure to commission the project within the required timeframe.

Research exemption approval requires annual scientific returns and audited research accounts filing with designated authorities and tax office.
The Central Government approved M/s Rajkot Cancer Society as an Institution eligible for research-related tax recognition for the period stated, conditional on maintaining separate research accounts (except Associations), filing an annual scientific return to the Secretary, Department of Scientific & Industrial Research by 31 May, and submitting audited annual accounts and audited income & expenditure accounts for research activities to the Director General (Exemption), the Secretary, DSIR, and the Commissioner/Director of Income Tax (Exemptions) by 31 October, in addition to the income tax return to the designated assessing officer.

Research exemption approval under section 35(1)(ii) requires separate research accounts, annual scientific returns, and timely renewal filings.
Approval was granted to M/s Madras Diabetes Research Foundation as an Association for research-related income tax deduction, subject to maintaining separate research accounts, furnishing an annual scientific research return to the Department of Scientific & Industrial Research by the annual deadline, and submitting audited annual accounts and audited income and expenditure accounts for research activities to the designated income tax exemption offices, the Department, and the local tax authorities by the prescribed annual deadline in addition to filing its income tax return.

Exemption for lightweight coated paper procured by actual users for magazine printing, attracting Nil central excise duty.
An exemption entry was inserted into the Central Excise notification schedule exempting lightweight coated paper procured by actual users for printing of magazines from central excise duty, recorded as Nil duty, and added as a new table entry following the existing schedule with references to the principal notification and subsequent amendments.

Tax exemption under section 10(23C)(iv) conditioned on exclusive application of income, restricted investments, and reporting obligations.
Notification designates The Railway Goods Clearing & Forwarding Establishment Labour Board, Mumbai as eligible for a tax exemption under Section 10(23C)(iv), conditional on applying or accumulating income exclusively for its objects; restricting investments to permitted forms; excluding profits from business unless incidental with separate books; regular filing of returns; and transferring surplus assets on dissolution to a like charitable organisation.

Tax exemption under Section 10(23C)(v) conditioned on exclusive application of income, permitted investments, and separate business accounts.
Notification grants tax-exempt status to The Congregation of the Franciscan Sisters of the Presentation of the Blessed Virgin Mary, Coimbatore, for assessment years 2002-2005 under Section 10(23C)(v), subject to conditions requiring exclusive application of income to charitable objects, permitted forms of investment, exclusion of non-incidental business profits unless separately accounted, regular filing of returns, and transfer of surplus and assets on dissolution to a similar charitable organisation.

Charitable status under Section 10(23C)(iv) grants tax notification subject to prescribed operational and dissolution conditions.
Notification under Section 10(23C)(iv) notifies the Railway Goods Clearing & Forwarding Establishment Labour Board, Mumbai for the specified assessment years subject to conditions: apply or accumulate income solely to stated objects; restrict investments to forms permitted by Section 11(5) except certain voluntary contributions in the form of jewellery or furniture; treat business income as exempt only if incidental and separately accounted; file income-tax returns regularly; and on dissolution transfer surplus and assets to a charitable organisation with similar objectives.

Exemption under section 10(23C)(iv) notifies a clinical research foundation subject to charitable application and compliance conditions.
Notification recognises T.T. Raganathan Clinical Research Foundation, Chennai under section 10(23C)(iv) for assessment years 2002-2003 to 2004-2005, subject to conditions: apply income wholly and exclusively to its objects or accumulate for that purpose; restrict investments and deposits to permitted modes; exclude business income unless incidental and separately accounted; regularly file income-tax returns; and transfer surplus and assets on dissolution to a similar charitable organisation.

Section 10(23C)(iv) notification: trust approved subject to conditions on application of income, permitted investments, and dissolution.
Notification under section 10(23C)(iv) notifies Sri Sathya Sai Central Trust for assessment years 2005-2006 to 2007-2008, subject to conditions that the Trust apply or accumulate income exclusively for its objects; restrict investments to modes specified in section 11(5) except for certain retained voluntary contributions; treat business income as non-exempt unless incidental and separately accounted; require regular filing of income-tax returns; and on dissolution transfer surplus assets to a similar charitable organisation.

Education cess inclusion expands chargeable duties by substituting Explanation III to list excise duties under Central Excise Rules.
The amendment substitutes Explanation III in Notification No. 42/2001 CE(N.T.) to define "duty" for the notification as duties collected under specified enactments, including the Central Excise Act, Additional Duties of Excise (Goods of Special Importance), Additional Duties of Excise (Textiles and Textile Articles), the National Calamity Contingent duty under the Finance Act, special excise duties under Finance Acts, additional duties under the Finance Act, and the Education Cess on excisable goods as levied in the Finance(No.2) Bill, 2004.