Supersession extension: continued administrator control to complete remedial measures, elections and demutualisation of the exchange.
The Securities and Exchange Board of India, invoking powers under section 11 of the Securities Contracts (Regulation) Act, 1956, has extended the supersession of the Governing Board of the Uttar Pradesh Stock Exchange Association Limited and directed that Shri M.N. Sabharwal, IPS (Retd.) continue as Administrator to exercise and perform all powers and duties of the Governing Board, with authority to take assistance as necessary to complete remedial measures, elections and Demutualisation.

Exemption under section 35AC extended for Friends of the Tribal Society literacy One Teacher Schools for a further three-year period.
The Central Government specifies the literacy scheme run by Friends of the Tribal Society for operation of 2890 One Teacher Schools in six states as an eligible project under the Explanation to section 35AC for a further three-year period commencing with financial year 2004-2005, without change in the approved cost, following the National Committee's recommendation that the project is being executed properly.

Exemption under section 35AC extended for free medical aid scheme; project period renewed and project cost increased.
The Central Government, exercising powers under the Income-tax Act, specifies the free medical aid project carried out by Gujarat Sarvar Mandal as an eligible scheme for a further three years beginning with Financial year 2004-2005, pursuant to the National Committee's recommendation that the project is properly executed. The notification also amends the earlier notification's table to substitute a higher maximum project cost for the scheme for the extended specified period.

Exemption under Section 35AC extended for Basavanagudi Aquatic project covering construction of swimming pool complex with boarding and gym facilities.
The Central Government specifies the construction and operation of a swimming pool complex with boarding, lodging, gymnasium and academy by Basavanagudi Aquatic Centre as an eligible project for income tax exemption under Section 35AC, following the National Committee's recommendation, and extends the project's eligibility for a further three years commencing from financial year 2004-2005 without any change in the approved cost.

Tax exemption for a specified social welfare project extended, retaining the approved project cost and continued eligibility for relief.
Central Government re-specifies Tata Sponge Iron Limited's social welfare project in Keonjhar District-digging tube-wells, repairing schools, promoting agricultural activities and providing medical facilities-as an eligible project for tax exemption under the Explanation to section 35AC, without any change in the previously approved cost, following the National Committee's recommendation and subject to statutory procedure.

Section 35AC exemption extended for SOS Children's Villages project, prolonging eligible status and tax benefit.
The Central Government, acting under the Explanation to Section 35AC and following a recommendation by the National Committee for Promotion of Social and Economic Welfare, specifies the construction of a school building and running of SOS Children's Villages at Tambaram East, Chennai by SOS Children's Villages of India as an eligible project for a further three-year period commencing with financial year 2004-2005, with no change to the approved cost.

Exemption under section 35AC extended; eligible project duration and allowable cost amended for intra ocular lens scheme.
Central Government extended the period during which donations to the intra ocular lens scheme run by Smt. Rekhaben Kataria Smruti Trust qualify for exemption under section 35AC, and amended the original notification to substitute the previously specified maximum allowable project cost with a higher amount, following the National Committee's recommendation that the project was being executed properly.

Exemption under section 35AC renewed for hospital equipment and operations, extending the project's eligible status.
Specification under section 35AC designates Purchase of equipments for Manilal Rikhavchand Kothari Lions Orthopaedic and General Hospital and its running by Navsari Lions Sarvajanik Charitable Trust as an eligible project; following the National Committee's recommendation that the project is being executed properly, the Central Government re-specified the scheme without change in estimated cost and extended its eligibility for a further three-year period commencing with the financial year 2003-2004.

Exemption under section 35AC extended for specified charitable education and medical projects following National Committee recommendation.
Exemption under section 35AC is applied to the Kuppuswamy Naidu Charity Trust's specified education and medical projects by designating them as eligible projects; the Central Government extends that specification for a further three year period commencing from the financial year 2004 2005 without change in the estimated cost, following a recommendation from the National Committee that the project is being executed properly.

Exemption under section 35AC: eligibility extended and project cost increased for an Integrated Rural Development Project.
The Central Government, under the powers in sub-section (1) read with clause (b) of the Explanation to section 35AC, specifies the Integrated Rural Development Project by Jankidevi Bajaj Gram Vikash Sanstha as eligible for a further three-year period beginning with financial year 2004-2005, following a National Committee recommendation under rule 11M(5). The notification also amends the earlier S.O.878(E) by increasing the maximum project cost in the Table for the specified serial number.

Exemption under section 35AC extended to Shri Baldevdas Charitable Trust scheme and project cost cap increased.
The Central Government specifies and extends the Shri Baldevdas Charitable Trust scheme for purchase of ambulance, instruments and welfare activities in Ahmedabad as an eligible project under section 35AC for a further three years from financial year 2004-2005, and amends the earlier notification to increase the maximum project cost ceiling and to include a corpus fund.

Exemption under section 35AC extended for a charitable rehabilitation project, preserving approved cost and eligibility for a further period.
The Central Government specifies continuation of the Exemption under section 35AC for the rehabilitation project for children at Wagholi by Bhartiya Jain Sanghatana; following the National Committee's recommendation that the project is being executed properly, the Government extends the project's eligibility for a further three-year period commencing from the stated financial year, without change to the approved project cost.

Exemption under section 35AC: eligibility for the specified charitable construction scheme extended without change in approved cost.
The Central Government has specified that the Trust's scheme for construction of a Vridhashram and related purchases is an eligible project under the Income-tax Act, extending the period of eligibility for a further three financial years commencing from the stated financial year, without any change in the approved cost, pursuant to a recommendation by the National Committee for Promotion of Social and Economic Welfare under the Income-tax Rules.

Exemption under section 35AC: eligible polio hospital scheme extension and increased project cost ceiling approved
The Central Government specifies the Polio Hospital, Rehabilitation and Research Centre project run by Narayan Seva Sansthan as an eligible scheme under section 35AC for an additional three years beginning with financial year 2003-2004, and amends the earlier notification to raise the maximum recognised project cost to ten crore rupees inclusive of a two crore rupee corpus fund, following the National Committee's recommendation and compliance with applicable income tax rules.

Exemption under section 35AC extended for specified cancer hospital project, renewed specification granted with capped donations.
Exemption under section 35AC is specified for the Namco Charitable Trust project to construct a cancer hospital and purchase equipment at Nashik for a further three year period commencing from financial year 2003-04, without change in the approved cost, pursuant to the powers under the Income tax Act; the National Committee recommended the extension while restricting the donations eligible for deduction to the limit it specified.

Tax exemption for specified charitable medical project extended following committee recommendation and unchanged approved cost.
The Central Government specifies the project for running free medical services by Dardi Sahayak Trust as an eligible project for tax exemption, without any change in the approved cost, and, on the recommendation of the National Committee for Promotion of Social and Economic Welfare that the project is being executed properly, extends the period of specification for a further three years commencing from the stated financial year.

Exemption under Section 35AC extended for a specified charitable construction project following committee recommendation and unchanged approved cost.
The Central Government specified the construction of a school, hostel and residence quarters at Village Sola by Shri Apang Abhyudaya Mandal as an eligible project under the Explanation to section 35AC, and, on recommendation of the National Committee, further specified the same project for a three-year extension commencing from the financial year 2004-2005 without change in the approved cost.

Notification amendment under Companies Act substitutes a member entry, designating J.K. Mittal, Delhi as Member.
The Central Government, exercising statutory power under the Companies Act, substitutes serial number eight and its related entries in the earlier Gazette notification S.O. 125(E) (dated 28-1-2004) with a new entry naming J.K. Mittal, Delhi as Member; the change is issued by the Ministry of Company Affairs via a Gazette amendment.

Jurisdiction of Customs officers: Central Excise officers designated to exercise equivalent customs authority nationwide.
Notification appoints Central Excise officers to corresponding Customs offices, converting Commissioners and subordinate Central Excise posts into Commissioners, Additional/Joint Commissioners, Deputy and Assistant Commissioners of Customs within their respective territorial jurisdictions and designating specified senior posts as having nationwide jurisdiction for customs functions under the powers conferred by the Customs Act.

Cost Inflation Index revised for the financial year based on consumer price index methodology and prescribed notification.
Specification of the Cost Inflation Index for the financial year commencing 1 April 2004 and ending 31 March 2005 is made under clause (v) of the Explanation to section 48 of the Income tax Act, 1961, based on seventy five per cent of the average rise in the Consumer Price Index for urban non manual employees; the notification inserts a new serial entry into the existing Table and publishes the updated chart of indices from 1981-82 through 2004-05.