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Approved M/s. Global Housing Finance Corporation Ltd., Mumbai u/s 36(1)(viii)
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Approval under section 36(1)(viii) confirms housing finance company status for specified assessment years, subject to compliance.
M/s. Global Housing Finance Corporation Ltd. is approved as a Housing Finance Company for purposes of section 36(1)(viii) of the Income tax Act for assessment years 1997 98 to 1999 2000; the approval is conditional on the company conforming to and complying with the provisions of that section.
Anti-dumping investigation concerning imports of Vitamin-C from China PR & Japan — Final Findings
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Anti-dumping duty recommended on Vitamin C imports from China and Japan following findings of dumping and injury to domestic industry.
The Authority concluded that exporters from China and Japan sold Vitamin C in India below normal value and that such imports caused material injury to the domestic industry. It confirmed the methodology for determining normal value and export price based on weighted average import prices, relied on disclosed essential facts and best available information where exporters did not cooperate, and recommended imposition of definitive anti dumping duty on imports of Vitamin C originating in or exported from China and Japan.
Central Board of Direct Taxes specifies the following shares and debentures as long-term specified securities u/s 54EA
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Long-term specified securities: shares and debentures designated for issuance with one-year window and three-year non-transferability.
Specification under section 54EA designates shares and debentures of Reliance Patalganga Power Ltd as long-term specified securities, to be issued within a one-year window and subject to a three-year non-transferability or non-convertibility lock-in after allotment, with upper aggregate issuance limits and issuer-specific conditions.
Commissioner of Central Excise, Bhubaneswar-I invested with powers of investigation and adjudication throughout India, of cases against M/s. Western India Machinery Company, Calcutta and M/s. Vineet Electrical Industries (Private) Limited, Calcutta
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Delegation of investigation and adjudication powers nationwide to a Commissioner for targeted central excise proceedings.
The Central Board of Excise and Customs, under the enabling provision of the Central Excise Act read with the Central Excise Rules, invests the Commissioner of Central Excise, Bhubaneswar-I with the powers of a Central Excise Officer to be exercised throughout India for investigation and adjudication of cases against M/s. Western India Machinery Company and M/s. Vineet Electrical Industries (Private) Limited.
Exemption u/s 35AC - Central Government had specified for Integrated Rural Development Project of Jankidevi Bajaj Gram Vikash Sanstha, Pune as an eligible project or scheme
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Income tax exemption under section provision extended for Integrated Rural Development Project; eligibility continued and approved cost increased.
Central Government designates the Integrated Rural Development Project of Jankidevi Bajaj Gram Vikash Sanstha, Pune as an eligible project under the Income-tax exemption provision for a further three assessment years, acting on the National Committee's recommendation that the project is properly executed and that its approved cost be increased; the notification records prior specifications and extensions and sets the revised estimated cost for the extended period.
Exemption u/s 35AC - Central Government had specified for Research and Rehabilitation Centre for the Deaf of Delhi Association of the Deaf, Regd. Office New Delhi as an eligible project or scheme
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Section 35AC exemption extended for Research and Rehabilitation Centre for the Deaf, maintaining its eligibility for further assessment years.
Central Government, acting on a National Committee recommendation under the Income-tax Rules, specified the Research and Rehabilitation Centre for the Deaf of the Delhi Association of the Deaf as an eligible project under the income-tax exemption provision for a further three assessment years at an estimated project cost of one crore, extending the project's period of eligibility following earlier notifications and prior extensions.
Exemption u/s 35AC - Central Government had specified for construction of building of Arts and Commerce College, Rural Science and Pharmacy College, Industrial Training Institute and Hostel at Shardagram of Shree Bharat Saraswati Mandir Sansad, Gujarat as an eligible project or scheme
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Exemption under section 35AC: specified educational construction project retained as eligible for further assessment years.
Central Government specifies construction of Arts and Commerce College, Rural Science and Pharmacy College, an Industrial Training Institute and a hostel at Shardagram of Shree Bharat Saraswati Mandir Sansad as an eligible project under the Explanation to section 35AC, following the National Committee's recommendation that the project is being executed properly, and extends its eligibility for tax-exempt donations for a further three assessment years commencing from assessment years beginning in 1999 at the estimated cost stated in the notification.
Exemption u/s 35AC - Central Government had specified for Free Eye Camps at local Mobile Services and Health Education surrounding Virnaga Hostel for ladies, Saurashtra Central Group of hospitals, Gujarat as an eligible project or scheme
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Exemption under the Income Tax framework: charitable health and sanitation projects were specified and extended for tax eligibility.
The central government specified certain public health and sanitation activities-free eye camps, mobile health services and health education around Virnagar, a ladies' hostel at Virnagar, and construction of low-cost latrines by the stated mission and hospital group-as eligible projects for tax exemption under the Income-tax Act, following a National Committee recommendation that the scheme was being properly executed and extending the period of eligibility for a further multi-year assessment term.
Exemption u/s 35AC - Central Government had specified for project for development and extension of Institution of Nootan Bharati, Gujarat as an eligible project or scheme
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Exemption under section 35AC extends eligibility for Nootan Bharati development project, authorising a further three assessment years.
The Central Government specifies the Nootan Bharati development and extension project at Madanagadh, Gujarat-covering Gram Vidyapeeth, Rural Technical Institution, primary health services, welfare activities and hostels-as an eligible project under section 35AC for a further three assessment years commencing with assessment year 1999-2000, following a National Committee recommendation that the project is being executed properly, at an estimated cost of rupees one hundred ninety-three lakhs fifty thousand.
Exemption u/s 35AC - Central Government had specified for construction of fully equipped hospital named as Ramco Apollo diagnostic Centre, Tamil Nadu as an eligible project or scheme
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Exemption under section 35AC extended for hospital project with mandated free and concessional care provisions.
Exemption under section 35AC is specified for construction of Ramco Apollo Diagnostic Centre, Rajapalayam, subject to operational conditions: defined proportions of free and concessional diagnostic services, income based free treatment and concessional treatment bands, execution by P.A.C. Ramasamy Raja Centenary Trust at an estimated cost, and compliance with these conditions. The Central Government extends the project's specification for a further three assessment years commencing with assessment year 1998 99, on recommendation of the National Committee.
Exemption u/s 35AC - Central Government had specified for construction, furnishing and running of Childcare Workers (Balasevika) Training Centre at Chennai of Indian Council Chennai as an eligible project or scheme
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Tax exemption for an eligible childcare training centre extended, renewing project eligibility for further assessment years.
Central Government specifies the construction, furnishing and running of the Childcare Workers (Balasevika) Training Centre at Chennai of the Indian Council for Child Welfare as an eligible project under section 35AC and, following the National Committee's recommendation that the project is being executed properly, extends that specification for a further period of three assessment years commencing from the assessment year 1999-2000.
Initiation of anti-dumping investigation concerning import of Ethylene Propylene Diene Rubber (EPDM) from Japan
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Anti-dumping investigation into EPDM imports from Japan initiated; exporters and importers invited to submit information for assessment.
An anti-dumping investigation has been initiated into EPDM imports from Japan after a petition by the sole domestic producer establishing standing. Prima facie evidence shows Japanese normal values exceed export prices to India, indicating dumping, and domestic economic indicators collectively indicate material injury. The Designated Authority will investigate existence, degree and effect of dumping for the prescribed period. Known exporters and importers and other interested parties are required to submit information in the prescribed form and may inspect the public file; adverse findings may be based on facts available if information is withheld.
Exemption u/s 35AC - Central Government had specified for Health for all comprising running of 50 beded hospital, general dispensary, child and mother care centre, T. B. Clinic of Shree Bidada Sarvodaya Trust, Mumbai as an eligible project or scheme
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Exemption under section 35AC: Health for all project specified as eligible for a further three assessment years.
The Central Government specifies under section 35AC that the "Health for all" project of Shree Bidada Sarvodaya Trust - comprising a 50 bedded hospital, general dispensary, child and mother care centre, T.B. clinic and medical camps at Village Bidada, Kutch - is an eligible project for a further three assessment years commencing with assessment year 1999 2000 at the stated estimated cost, following the National Committee's recommendation under rule 11M(5) that the project is being properly executed.
Exemption u/s 35AC - Central Government had specified for construction of Phase-II of Orphanage Child Care Centre of Janani Ashish Charitable Trust, Thane as an eligible project or scheme
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Exemption under section 35AC extended for a specified orphanage construction project, preserving eligible status for additional assessment years.
Central Government extended eligibility under section 35AC for construction of Phase II of the Orphanage Child Care Centre of Janani Ashish Charitable Trust in Dombivli, Thane. Following a National Committee recommendation under rule 11M that the project was properly executed and likely to extend beyond the initial period, the scheme was re-specified as eligible for a further three assessment years commencing from the assessment year 1999-2000 at the estimated project cost noted in the notification.
Exemption u/s 35AC - Central Government had specified for construction, equipment, and running of Rural General Hospital at Chorwad, District Junagarh, Saurashtra, Gujarat of Kanta Laxmi Mohanlal Pathak Foundation, Mumbai as an eligible project or scheme
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Exemption under Section 35AC extended to construction and running of a rural hospital project for three further assessment years.
The Central Government specifies the construction, equipment and running of the Rural General Hospital at Chorwad by Kanta Laxmi Mohanlal Pathak Foundation as an eligible project for a further three assessment years commencing from the assessment year 1999-2000, following a National Committee recommendation that the project is being executed properly, at an estimated cost of one hundred nine lakhs.
Exemption u/s 35AC - Central Government had specified for construction, furnishing and running of South Block of Ashram Sravana Old Age Home and Eye-cum-General Hospital the Care of the Aged, Kakinada as an eligible project or scheme
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Exemption under section 35AC: eligible old age home project's specified period extended, preserving tax relief eligibility.
The Central Government specifies the construction, furnishing and running of the South Block of Ashram Sravana Old Age Home and Eye cum General Hospital near Kakinada as an eligible project under section 35AC, extending its period of specification for a further two assessment years commencing from assessment year 1999 2000, following a National Committee recommendation that the project is being executed properly.
Exemption u/s 35AC - Central Government had specified for construction of a school building, hostel for mothers of the handicapped children and a training programme at Saraswathipuram, Mysore as an eligible project or scheme
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Exemption under Section 35AC renewed for a specified charitable project, extending eligibility period after national committee recommendation.
The Central Government, acting under the powers conferred by Section 35AC, specifies the Parents Association of Deaf Children's project for construction of a school building, hostel for mothers of handicapped children and a training programme at Saraswathipuram, Mysore as an eligible project or scheme for a further three assessment years commencing from the assessment year 1999-2000, following the National Committee's recommendation and noting the project's estimated cost.
Exemption u/s 35AC - Central Government had specified for Rural Mobile Clinic of Hindu Mission Hospital and Rural Outreach programme at rural villages around Tambaram, Tamil Nadu of Hindu Mission Hospital, Tamil Nadu as an eligible project or scheme
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Tax exemption under section 35AC extended for Rural Mobile Clinic project, preserving donor deduction eligibility for further assessment years.
The Central Government specifies the Rural Mobile Clinic of Hindu Mission Hospital as an eligible project under section 35AC, following the National Committee's recommendation that the scheme is properly executed, and extends its specification for a further three assessment years commencing from the assessment year 1999-2000 at an estimated cost of thirty lakhs, thereby continuing the project's eligibility for the tax exemption framework.
U/s 35AC Income Tax Act 1961 – Amendment in Notification No. S.O. 892 (E) dated the 23rd December, 1997
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Section 35AC appointment: Shri D.B. Lal named to National Committee for Promotion of Social and Economic Welfare.
The Central Government, exercising powers under the relevant tax provision and associated rule, appoints Shri D.B. Lal, formerly a Member of the Central Board of Direct Taxes, as a member of the National Committee for Promotion of Social and Economic Welfare and substitutes the prior serial entry in the original Ministry of Finance notification.
Exemption u/s 35AC - Central Government had specified for Adivasi Tribal area health care, nutrition and educational development projects at Vansada Taluka of Bulsar of Bhartiya Sewa Trust, Ahmedabad as an eligible project or scheme
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Tax exemption under section 35AC extended for eligible Adivasi tribal healthcare, nutrition and educational projects.
Central Government re-specifies the Adivasi tribal area health care, nutrition and educational development projects of Bhartiya Sewa Trust at Vansada Taluka and Vijayanagar Taluka in Gujarat as eligible projects under the Income-tax Act provision for a further period of three assessment years commencing with the assessment year 1999-2000, based on the National Committee's recommendation and at an estimated project cost of rupees twenty lakhs fifty four thousand.

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