Exemption under section 35(1)(ii) confirmed for an approved research institution, enabling eligible research expenditure relief.
Exemption under section 35(1)(ii) is applied to the Indian Society for Training and Development, New Delhi, by notification of the prescribed authority. The Council of Scientific and Industrial Research approved the institution for purposes of clause (ii) of sub section (1) of section 35, and that approval is operative from the commencement of the relevant assessment year.

Place of public worship designation under section 80G establishes tax-deduction recognition for eligible donations.
The Central Government, by notification S.O.2229-684 dated 20-7-1974, notifies Shree Wadakkunnathan Temple, Trichur, as a place of public worship under sub-section (2)(b) of section 80G of the Income tax Act, recognising it as a place of public worship of renown throughout the State of Kerala for the purposes of that provision.

TDS notification under Section 194A: Maharashtra State Textile Corporation notified for specified sub clause purposes under the Act.
The Central Government notifies Maharashtra State Textile Corporation Ltd., at the stated address, under the referenced sub clause of the Income tax Act to include the corporation within the scope of the tax deduction at source mechanism, thereby identifying it as the corporate payee subject to that provision's regulatory effect.

Exemption under section 35(1)(ii) - research institution approved by prescribed authority for income tax purposes; notification issued.
The Indian Council of Medical Research, as the prescribed authority under clause (ii) of sub section (1) of section 35 of the Income tax Act, has approved K.E.M. Hospital and Seth G.S. Medical College Research Society, Bombay, thereby recognising the institution as eligible for the research expenditure exemption and documenting that approval by official notification.

Exemption from section 230A(1) stay: CBDT excludes specified banks from the subsection's application by notification.
The Central Board of Direct Taxes notifies that subsection (1) of section 230A of the Income-tax Act shall not apply to four classes of banking institutions: banking companies under the Banking Regulation Act, the State Bank constituted under its statute, subsidiary banks as defined under the State Bank subsidiary statute, and corresponding new banks constituted under the Banking Companies acquisition and transfer framework.

Section 80G notification designates Shri Krishna Janam Bhoomi as a historic public worship site for tax purposes.
The Central Government, exercising the power under sub section (2)(b) of section 80G of the Income-tax Act, notifies Shri Krishna Janam Bhoomi, Mathura, as being of historic importance and as a place of public worship of renown throughout the State of Uttar Pradesh for the purposes of section 80G; a subsequent notification records an editorial substitution of the name.

Specified debentures: qualifying electricity board debentures receive tax recognition subject to transfer, guarantee and interest conditions.
The Central Government designates certain debentures issued by State electricity boards in connection with rural resource raising schemes as specified debentures for income tax and wealth tax purposes, conditioned on: absence of any government guarantee for principal or interest; initial issuance only to individuals; transfer prohibition for one year except to individuals; and carrying interest not exceeding a statutory maximum.

Tax exemption under section 35(1)(ii) approved for Indian National Theatre, subject to annual fund-use reporting.
Approval is granted for a tax exemption under Section 35(1)(ii) to the Indian National Theatre, Bombay for three years from 1 April 1974, conditional on the institution submitting an annual report to the Indian Council of Social Science Research accounting for funds received under the exemption and demonstrating that those funds have been utilised for research programmes.

Research exemption under section 35 approved for Sri Avinasilingam Home Science College, effective from an earlier fiscal date.
The Council of Scientific and Industrial Research, as the prescribed authority for the relevant clause of sub-section (1) of section 35 of the Income-tax Act, has approved Sri Avinasilingam Home Science College for Women for the purposes of that clause; notification S.O.1831 dated 21-6-1974 records the approval as effective from 1 April 1973.

Research expenditure exemption granted to Tata Energy Research Institute, confirming eligibility for tax deduction under the Act.
Exemption under section 35(1)(ii) is applied to the Tata Energy Research Institute, New Delhi, by official notification; the Council of Scientific and Industrial Research is the prescribed authority whose approval establishes the Institute's entitlement for the research-related tax deduction and recognises it as an eligible scientific research institution.

Exemption under section 35(1)(ii): approval by prescribed authority recognizes a research institution for tax-deduction eligibility.
The Council of Scientific and Industrial Research, as the prescribed authority, approved Decospin Research Foundation, Ichalkaranji, Distt. Kolhapur, for the purposes of clause (ii) of sub section (1) of section 35 of the Income tax Act, 1961; this approval, recorded by notification S.O.1718, takes effect from 1st April, 1974 and confers the institution the regulatory recognition necessary to qualify for the exemption under that provision.

Exemption under Income tax provision: institutional approval for research deduction following notification recognizing the institute effective.
The Management Development Institute, New Delhi, has been approved by the prescribed authority under clause (ii) of sub section (1) of section 35 of the Income tax Act, 1961, enabling the institute to qualify for the exemption/recognition under that provision; the approval was given by the Council of Scientific and Industrial Research and declared effective from 1 April 1973 by notification dated 15 June 1974.

Research institution exemption under section 35(1)(ii) approved, conferring tax deduction eligibility for qualifying research activities.
The Council of Scientific and Industrial Research approved The Society for the study of Man, His Environment & Disease (MED) India as an institution qualifying under clause (ii) of sub section (1) of section 35 of the Income tax Act, 1961, with the approval effective from the commencement of the stated assessment year, thereby making the institution eligible for the statutory research related deduction treatment.

Tax exemption approval for technical know how transfer permitting manufacture of engine valves and institutional qualification.
Approval under section 35D is granted to Engine Valves Limited, Madras, as a qualified institution to impart technical know how for the manufacture of engine valves, by notification taking effect from the commencement date specified therein.

Temporary duty-free importation of pedagogic material allowed for approved non-profit educational institutions subject to identification, re-export, and certification.
The notification exempts pedagogic materials, spare parts, and specially designed maintenance tools temporarily imported by Ministry approved non profit educational or vocational institutions from customs duty and integrated tax, provided the importer declares temporary importation, imports reasonable quantities identifiable on re-export, furnishes a written undertaking to re export within six months (extendable by the Commissioner), the goods remain owned by persons established abroad while in the country, and a Ministry officer certifies their pedagogic character; the exemption is subject to the reproduced Customs Convention's provisions.

Exemption under section 35(1)(iii): approval granted to Balraj Damyanti Sahni Memorial Trust with annual donation reporting requirement.
Approval is granted to Balraj Damyanti Sahni Memorial Trust, Almora, by the prescribed authority for the purposes of exemption under section 35(1)(iii) of the Income tax Act, 1961, for an initial period of three years. The trustees must furnish annually to the Indian Council of Social Science Research a report on donations received under this exemption and the manner in which those donations are utilised. The notification takes effect from 1 4 1973.

Exemption under section 35(1)(iii) approved for Indian Institute of Islamic Studies, effective from April 1973.
The Indian Institute of Islamic Studies, New Delhi was approved by the Indian Council of Social Science Research as the prescribed authority for clause (iii) of sub-section (1) of section 35 of the Income-tax Act, 1961; notification S.O.1659 dated 22-5-1974 effective from 1 April 1973.

Prescribed authority approval under section 35(1) secures research exemption recognition for the named institute, effective from April.
The Indian Council of Social Science Research approved the T. S. Narayanaswami Institute of Social and Business Research, Madras, as the prescribed authority recognition for clause (iii) of sub-section (1) of section 35 of the Income-tax Act; Notification No. S.O.1658 dated 22-5-1974 records the approval and states it takes effect from 1 April 1973.

Institutional approval under section 35D: recognition for purposes of subsection (2) of the Income tax Act.
The Central Board of Direct Taxes has approved Cellulosics Consultants (India) Private Ltd., New Delhi under subsection (2) of section 35D of the Income tax Act, 1961, and issued a notification recording that formal recognition for purposes of the Act.

Attachment exemption for housing authorities clarified, excluding statutory housing bodies from the attachment provision under the tax law.
The notification, issued under the enabling subsection of the relevant tax provision, declares that the provisions of sub section (1) of the said section shall not apply to authorities referred to in clause (20A) of the Act, described as bodies constituted in India to deal with and satisfy the need for housing accommodation of cities, towns and villages.