Section 35AC eligible project designation extended for Cansupport, preserving the corpus fund cost and tax-advantaged status.
The notification extends the designation of the Corpus fund for Cansupport as an eligible project under the Income-tax Act, carried out by CANSUPPORT, New Delhi, without change to the approved corpus cost, following the National Committee's recommendation under the applicable rule and preserving the project's tax-advantaged status for the further specified period.

Section 35AC eligible project extension approved, preserving approved cost and permitting further qualifying expenditure for the scheme.
The notification extends the specification of the project "Development Plan of Hospice, shelter, Training and Orphanage Center for Poor People" carried out by Social Activities Integration for a further three-year period beginning 2014-15, preserves the previously approved project cost, and confirms continued qualification as an eligible project under Section 35AC following the National Committee's recommendation under the relevant rule.

Tax exemption under Section 35AC extended for outreach cancer care and related charitable schemes by Global Cancer Concern India.
Notification under Section 35AC specifies that the project comprising vocational training, education to a destitute child, outreach cancer care, detection camp and palliative therapy, carried out by Global Cancer Concern India, is extended for a further three years commencing with financial year 2014-15, on the recommendation of the National Committee which found the project properly executed, without change to the approved project cost.

Section 35AC project extension: Watershed Project by READS extended for three years; certificates not issued for elapsed years.
The Central Government notifies continuation of the "Watershed Project" by READS as an eligible project under Section 35AC for a further three-year period commencing 2012-13 without change to the approved project cost; however, no certificate under Section 35AC(1) shall be issued for the already elapsed financial years 2012-13 and 2013-14, following a recommendation by the National Committee that the project is being properly executed.

Deduction under Section 35AC extended for One Teacher Schools project and maximum allowable project cost increased.
Notification under Section 35AC extends eligibility for tax-deductible expenditure on "Running of 3150 One Teacher Schools" by Bharat Lok Shiksha Parishad for a further three financial years and, following the National Committee's recommendation that the project is being properly executed, amends the earlier notification to increase the maximum project cost eligible for deduction.

Rescission of Special Economic Zone status at Waluj Industrial area after de-notification proposal and state no-objection.
The Central Government rescinds the notification of the sector-specific Special Economic Zone at Waluj Industrial area covering 100.26 hectares, originally notified for automobile activity and later changed to engineering, following the proponent's proposal, the State Government's no-objection and the Development Commissioner's recommendation; the rescission is made under the proviso to the SEZ Rules and is without prejudice to things done or omitted before rescission.

Class of companies designation: public companies meeting capital and turnover thresholds permitted multiple CEOs under section 203.
Public companies with paid-up share capital of one hundred crore or more and annual turnover of one thousand crore or more are designated as a class for the second proviso to sub-section (1) of section 203 where they engage in multiple businesses and have appointed a Chief Executive Officer for each such business; thresholds are determined from the latest audited balance sheet.

Provisional anti-dumping duty on PTA imports imposed for six months with producer-specific rates and exchange rate conversion.
Provisional anti-dumping duty is imposed on Purified Terephthalic Acid imports from the People's Republic of China, the European Union, Korea RP and Thailand following preliminary findings of dumping and material injury to domestic industry. The notification sets producer- and exporter-specific duty amounts in United States Dollar per metric tonne for various origin/export permutations and residual categories, prescribes that duties be levied for up to six months from publication, requires payment in Indian currency, and directs use of the Government-notified exchange rate with the bill of entry date as the relevant date.

Audit Reporting Obligations updated: revised audit forms require extensive particulars and disclosures under section 44AB.
Amendment replaces Forms 3CA, 3CB and 3CD prescribing revised audit report formats under section 44AB and requires Form 3CD as an annexed statement of particulars. Form 3CD mandates identifying data, business and accounting particulars, deviations from accounting standards, inventory valuation, conversion of assets, detailed depreciation schedules, disclosures of inadmissible amounts and deemed incomes, loans and repayments not made by account payee instruments, tax deduction and collection particulars, brought forward losses and change-in-shareholding effects, and reporting of related statutory audits and tax demands or refunds.

Related party definition expanded to include relatives in managerial sub clause, clarifying scope under Companies Act
Definition of related party is amended to insert "or his relative" after "manager" in sub clause (iv) of clause (76) of section 2, correcting an omission and aligning that sub clause with the other sub clauses of the definition. The amendment is made under the Central Government's power to remove difficulties and takes effect on publication in the Official Gazette.

Companies rules amendment exempts SEBI approved fund trusts and relaxes mandatory provisions for specified rules in company administration.
The amendment exempts trusts created to establish Mutual Funds, Venture Capital Funds, or other SEBI approved funds from rule 9; omits the "either value or volume of the shares" wording and the Explanation in rule 13; substitutes a different threshold direction in rule 23(1); and changes mandatory language to permissive in rule 27(1) and its Explanation, thereby narrowing applicability and introducing discretion in specified provisions of the Companies (Management and Administration) Rules, 2014.

Anti-dumping duty imposed on rubber chemicals, specific producer/exporter rates listed; duty payable in Indian currency for fixed term.
Imposes definitive anti-dumping duties on specified rubber chemicals originating in or exported from the People's Republic of China and the Republic of Korea, with producer- and exporter-specific duty rates in US dollars per kilogram and residual rates for other suppliers. Duties apply to listed tariff headings and named chemical products (PX-13(6PPD), MBT, TDQ, TMT, CBS, PVI). The duty is payable in Indian currency for a fixed five-year term from publication, with the applicable exchange rate for conversion set by separate government notifications and determined on the bill of entry date.

Anti-dumping duty continuation on Potassium Carbonate extended for one year to maintain existing import measures.
Extension of anti-dumping duty on Potassium Carbonate is effected by inserting a paragraph in the principal notification, preserving the operation of the earlier notification and continuing import-restrictive measures on the product originating in or exported from the European Union, the People's Republic of China, Korea RP and Taiwan up to and inclusive of the specified extended date, unless revoked earlier.

Anti-dumping duty extension: continued protection on Vitamin C imports from China for a further specified period.
The Central Government amended the existing anti-dumping notification to extend the operative period of the anti-dumping duty on Vitamin C originating in or exported from the People's Republic of China by inserting a provision that keeps the notification in force for a further one-year period, specified to run until and inclusive of the fifteenth day of June, two thousand fifteen, unless revoked earlier.

Anti-dumping duty extension on phosphoric acid continued, preserving the duty and requiring payment in Indian currency.
Extension of anti-dumping protection is ordered for imports of phosphoric acid (all grades and concentrations, excluding agricultural or fertilizer grade) originating in or exported from Korea by amending the principal customs notification to continue the duty for a further period and stating that the notification remains in force for the extended term and that duty shall be payable in Indian currency.

Anti-dumping duty extension on carbon black used in rubber applications continues, levy sustained and payable in Indian currency.
The Central Government, under sub-sections (1) and (5) of section 9A of the Customs Tariff Act and rule 23 of the said rules, has amended the principal notification to insert a provision continuing the anti-dumping duties specified in the TABLE against certain serial numbers for a further one-year period and providing that those duties shall be levied until the extended expiry and paid in Indian currency.

Anti-dumping duty extension on front axle beam and steering knuckle: continues protection against dumped imports from China.
The Central Government amended the original notification to insert a provision that preserves the operation of the anti-dumping duty on Front Axle Beam and Steering Knuckle originating in or exported from the People's Republic of China, thereby extending the notification's force for a further specified period unless revoked earlier, while leaving the covered articles and tariff classifications unchanged.

Appointment of Common Adjudicating Authority: show cause notice on misuse of export incentive schemes assigned for adjudication.
The Board directs that Show Cause Notice F.No. DRI/MZU/E(G)/Inv-08/09-10 issued by the Additional Director General, DRI Mumbai Zonal Unit, concerning alleged misuse of export incentive schemes by M/s Shree Balaji Internationl and others, is assigned to the Commissioner of Customs (Export), Jawaharlal Nehru Custom House, Nhava Sheva, as the Common Adjudicating Authority for adjudication under the applicable customs notification framework.

Common Adjudicating Authority appointment assigns specified revenue intelligence show cause notices to the Commissioner of Customs for adjudication.
The Board assigns specified show cause notices issued by revenue intelligence units to the Commissioner of Customs (Import), Jawaharlal Nehru Customs House, Nhava Sheva, as the Common Adjudicating Authority for adjudication, identifying principal noticees including M/s Iris International and M/s Impex Steel & Bearing Co., and directing communication of the transfer to relevant customs formations.

RTI Second Schedule amendment lists two Cabinet Secretariat agencies, affecting disclosure exemptions under the Act.
Notification under section 24(2) amends the Second Schedule of the Right to Information Act, 2005 by substituting the existing entries at serial numbers 7 and 8 with entries naming the Aviation Research Centre and the Special Frontier Force of the Cabinet Secretariat, thereby listing these agencies among those subject to the Act's disclosure-exemption framework.