Commencement of Multi-State Co-operative Societies Act: Central Government appoints date for the Act to come into force.
The Central Government, exercising powers under Sub section (3) of Section 1 of the Multi State Co-operative Societies Act, 2002, appoints 19th August 2002 as the date on which the Act shall come into force by official notification from the Department of Agriculture and Co operation.

Tariff value revision for palm oil derivatives and brass scrap implemented, substituting the prior customs tariff table under statutory powers.
Amendment substitutes a new tariff table into Notification No. 36/2001-Customs (N.T.), setting specified tariff values in US dollars per metric tonne for crude palm oil, RBD palm oil, RBD palmolein, crude palmolein and brass scrap, issued under the Board's powers under sub-section (2) of section 14 of the Customs Act, 1962.

Remuneration cap for special economic zone companies permits higher pay where no public fundraising and no repayment defaults.
An amendment to Schedule XIII adds a clause authorising a higher remuneration cap for companies in Special Economic Zones, subject to two conditions: the company must not have raised funds by public issue of shares or debentures in India, and must not have defaulted in repayment of debts (including public deposits) or interest for a continuous period of thirty days in any financial year; the amendment is effective on its publication in the Official Gazette.

Corrigendum updates monetary figure in income-tax notification, substituting a revised amount in paragraph four effective immediately.
Corrigendum amends the Government of India, Ministry of Finance notification published in the Gazette by directing that in paragraph 4 the phrase "one crore sixteen lakhs" shall be read as "one crore thirty seven lakhs Eight thousand," as formalised by the Secretary (National Committee) under the referenced file number.

Specified Eligible Project under Section 35AC: extension of tax-advantaged status for a disability socioeconomic development scheme.
The Central Government specifies the NASEOH project to enhance the socioeconomic status of Disabled in Ahmednagar District as an eligible project under the Explanation to section 35AC, extending the original three-year specification by a further three years from assessment year 2003-2004 following the National Committee's recommendation and noting associated estimated project funding and a corpus fund.

Section 35AC eligibility extended for a specified hospital renovation and operation project, sustaining tax-incentive qualification.
The Central Government, under the Explanation to Section 35AC, specifies renovation, furnishing, procurement of equipment/ambulance and operation of the Usmanpura hospital by Sardar Vallabhai Patel Foundation as an eligible project; after a National Committee recommendation the scheme is specified for a further three-year period commencing with assessment year 2003-2004, with an estimated total cost including a corpus fund.

Tax deduction eligibility for charitable rehabilitation projects expanded to include modified polio operations and training centre expenses.
The Central Government re-specifies the project of Smt. Parsanben Narandas Ramji Shah (Talajawala) Society as an eligible scheme under the Explanation to the Income-tax provision, expanding approved activities to include free polio operations, provision of artificial aids and appliances, and construction of a Training Centre for Prosthetic and Orthotic Technicians, Supervisors and Engineers, following a National Committee recommendation and amending the earlier notification to substitute the revised project description and consolidated cost.

Section 35AC eligibility extended for hospital equipment and running scheme in Balasinor, reaffirming tax-incentive project status.
Section 35AC tax-exemption eligibility is extended for the purchase of equipments and instruments and running of a hospital at Balasinor by Kacheria Mojilal Gordhandas General Hospital Trust; the National Committee recommended the extension after finding the project properly executed, and the Central Government specified the scheme as eligible for a further three-year period commencing with assessment year 2003-2004.

Tax deduction eligibility under section 35AC extended for specified tribal welfare and education projects, prolonging approved scheme period.
Pursuant to a National Committee recommendation under the Income tax Rules, the Central Government specified three projects executed by Banwasi Seva Ashram in Sonbhadra - Mission for Gram Swarjya Youth, construction and equipment of women and children centres in tribal villages, and Banwasi Bhawana hostel cum training centre - as eligible schemes under the Explanation to the tax deduction provision for a further three year period commencing with the stated assessment year, at the estimated project cost recorded in the notification.

Specification of eligible project under tax explanation extends school running scheme and increases allowable project cost.
The Central Government, under the Explanation to section 35AC, specifies the scheme of running schools (deleting construction) in thirty villages of Sundergarh District by Dalmia Shiksha Pratisthan as an eligible project or scheme for a further three year period beginning with the assessment year 2003 2004, following a National Committee recommendation that the project is properly executed; it also amends the earlier notification to increase the maximum cost to be allowed for the specified project.

Tax exemption project eligibility extended and project cost increased for specified diagnostic and blood bank construction.
The Government specifies the construction of a Blood Bank, Pathology laboratory, X-ray, Sonography and Diagnostic Medical Centre at Rotary Bhavan, Gandhidham, Kutch, as an eligible project under the Explanation to the relevant income-tax provision, and, following the National Committee's recommendation, extends the period of specification for a further three years beginning with the stated assessment year and amends the maximum approved project cost by substituting the earlier figure with the higher sanctioned figure.

Tax exemption eligibility under Explanation to section extended for specified rehabilitation and physiotherapy projects for a further period.
Central Government specifies that the Apang Manav Mandal scheme in Ahmedabad-comprising physiotherapy centre equipment and construction at two hostels, hostel extension works, survey and research on the physically handicapped, and provision of mobility and assistive equipment-is an eligible project under the Explanation to the Income-tax provision and is specified for a further three-year period commencing assessment year 2003-2004 following the National Committee's recommendation.

Tax deduction eligibility extended for rural health camps and small hospital project; project cost and corpus limits increased.
The Central Government specified continuation of the Shri Bhojay Sarvodya Trust project of rural health camps and construction of a 14 bedded public hospital as eligible under the Explanation to section 35AC for a further three year period beginning with assessment year 2003-2004, and amended the earlier notification to increase the maximum permissible project cost and the corpus fund ceiling in the Table of the prior notification.

Tax incentive specification under section 35AC extended for animal shelter project, confirming continued eligibility for the charitable scheme.
The Central Government, exercising powers under the Explanation to section 35AC, specifies the animal shelter and rescue home and medical camps project carried out by Shree Vardhman Jivdaya Kendra as an eligible project or scheme for income-tax incentive purposes for a further three-year period following a National Committee recommendation and noting the project's estimated cost.

Specification under section 35AC: Kanoli vision Saver Eye Camps extended as eligible project and project cost ceiling increased.
The Central Government specifies the "Kanoli-vision Saver" Eye Camps by Shri Sankara Health Centre as an eligible project under the Explanation to section 35AC for a further three-year period beginning with the relevant assessment year, following the National Committee's recommendation that the project is being executed properly. The notification also amends the earlier specification to increase the maximum project cost allowed for the project.

Specification under section 35AC extends eligible project period and increases approved project cost for hospital equipment.
The Central Government amends a prior notification under the Explanation to the Income tax Act to specify Manav Seva Sangh's project for hospital equipments at Lioness Kamavati Eye Hospital as eligible for a further three year period and to substitute the previously allowed maximum project cost and corpus fund with the newly approved higher amounts following the National Committee's recommendation.

Tax deduction eligibility under section 35AC: specified institutions and projects approved for limited assessment years.
Central Government approval is accorded to specified institutions and their named projects under the Explanation to the income tax deduction provision, recording for each the eligible project or scheme, estimated cost and the maximum amount allowable as a deduction. The notification distinguishes corpus funds from other project costs and sets temporal limits: specified projects at serial numbers 1-2 are approved for one assessment year, while projects at serial numbers 3-15 are approved for a three year period, with deductible amounts tied to those assessment years.

Certification requirement for Department of Atomic Energy imports now mandates Joint Secretary verification; two atomic projects added to list.
The amendment requires that for imports by constituent units of the Department of Atomic Energy, quantity, total value, description and specifications of imported goods must be certified by an officer not below the rank of a Joint Secretary in the Department of Atomic Energy, and inserts two projects-Rajasthan Atomic Power Project Units 5 and 6 (Rawatbhata) and the Prototype Fast Breeder Reactor (Kalpakkam)-into List 43 of the Annexure.

Excise exemption for handloom apparel requires Textiles Committee certification, invoice declaration, labelling and annual audit.
Exemption for apparel made of handloom fabrics requires at clearance a Textiles Committee certificate identifying the distinctive profile, an invoice declaration that the goods are made from handloom fabrics and covered by the certificate, and an affixed label declaring handloom origin. The Commissioner shall authorize an audit team including a Central Excise officer and a Textiles Committee officer to audit records, sample test and verify compliance annually. Woven fabrics receiving calendaring or decatising on job-work basis qualify for exemption only where the job-worker lacks other processing facilities and no CENVAT credit has been taken, with value defined as the job-work charges.

Relief for arrears and advances in salary or pension: specified stepwise tax computation to allocate incremental tax burden.
The amendment to Rule 21A prescribes relief under Section 89 for salary or family pension received in arrears or advance by reducing the tax for the relevant previous year by the excess tax attributable to the additional amount. Tax on the additional amount is determined by: (b) treating the relevant year's total income reduced by the additional amount and taking the resulting shortfall as the tax on the additional amount; (c) where it relates to one previous year, increasing that year's income and taking the incremental tax; and (d) where it spans multiple years, ascertaining amounts by year and comparing aggregate incremental tax with aggregate original tax.