Notification under section 10(23C)(iv) recognizes Tibetan Homes Foundation's charitable status under the Income-tax Act for specified assessment years.
Notification under section 10(23C)(iv) of the Income-tax Act, 1961 designates Tibetan Homes Foundation, Delhi as an institution falling within the specified charitable exemption provision for the enumerated assessment years and recognizes the foundation for the purposes of that exemption.

Tax exemption recognition under section ten provision granted to a charitable trust for specified assessment years.
Notification confers tax-exempt recognition on The Kasturba Gandhi National Memorial Trust, Indore under sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961, declaring the Trust notified for the purposes of that provision for the assessment years 1988-89 and 1989-90.

Tax exemption notification recognises Navjivan Trust as eligible under exemption provisions for the relevant assessment year.
The Central Government, exercising powers under sub clause (iv) of clause (23C) of section 10 of the Income tax Act, 1961, notifies Navjivan Trust, Ahmedabad as recognised for the purposes of that sub clause for the assessment year 1989-90.

Tax exemption notification: Jahangir Art Gallery recognised under income-tax provision for the specified assessment year.
Central Government, under sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act, 1961, notifies Jahangir Art Gallery, Bombay as recognised for the purposes of that sub-clause for the assessment year 1989-90 by Notification No. S.O.3087 dated 17-5-1989.

Tax exemption notification recognizes The Shardhanand Mahilashram's nonprofit status under section 10(23C)(iv) for the assessment year.
Central Government notification exercising powers under clause (23C)(iv) of section 10 of the Income tax Act, recognizing The Shardhanand Mahilashram, Bombay as eligible for the exemption category specified by that sub clause for the stated assessment year, thereby placing the institution within the statutory exemption framework for that period.

Recognition under section 10(23C)(iv) grants notified tax-exempt status to Sir Dorabji Tata Trust for the assessment year.
Notification declares Sir Dorabji Tata Trust, Bombay recognised under section 10(23C)(iv) of the Income-tax Act, 1961 by the Central Government for the specified assessment year, thereby identifying the trust for the tax treatment afforded by that provision.

Tax exemption notification under Section 10(23C)(v): recognition of charitable society's entitlement for specified assessment years.
The Central Government, exercising powers under Section 10(23C)(v), notifies The Society of the Franciscan (Hospitaller) Sisters, Bombay as eligible for income-tax exemption under that sub-clause for the assessment years specified in the notification.

Notification of charitable exemption under the Income-tax provision recognises The Catholic Mission of Western Bengal for tax concession.
Notification by the Central Government records tax-exempt recognition of The Catholic Mission of Western Bengal, Calcutta under the Income-tax Act provision for charitable institutions, specifying its entitlement to the exemption mechanism for the relevant assessment year.

Income tax exemption notification confirms charitable status for Manav Sewa Sangh, enabling tax-exempt treatment for the specified assessment year.
Central Government, invoking clause (23C)(v) of section 10 of the Income-tax Act, 1961, notifies "Manav Sewa Sangh, Vrindavan, U. P." as recognised for the purposes of that sub-clause, applying the statutory tax-exemption recognition to the organisation for the stated assessment year.

Notification under section 10(23C)(v) recognises Ramakrishna Vedanta Math for tax exemption for the assessment year.
The Central Government, exercising powers under sub clause (v) of clause (23C) of section 10 of the Income tax Act, 1961, notifies "Ramakrishna Vedanta Math, Calcutta" as recognised for the purposes of that sub clause for the assessment year 1989 90, thereby bringing the institution within the statutory category defined by that provision for the stated year.

Notification of charitable institution recognition grants tax exempt status to Thiruvaduthurai Adheenam for specified assessment years.
The Central Government, exercising powers under sub clause (v) of clause (23C) of section 10 of the Income tax Act, 1961, notifies Thiruvaduthurai Adheenam, Thanjavur Distt. as qualifying for that sub clause for the assessment years 1988 89 and 1989 90 by Notification No. S.O.2089 dated 17 5 1989.

Central excise notification amendment broadens tobacco snuff preparations and revises tariff classification under excise rules.
Amendment exercises powers under sub-rule (1) of rule 56A of the Central Excise Rules, 1944 to substitute in the notified table the product description "Creamy Snuff" with "Preparations containing snuff of tobacco in any proportion" for the entry at serial one, and to replace the existing tariff heading figures in the corresponding column with an alternative heading, thereby changing the descriptive scope and tariff classification for that entry.

Accrual accounting exception for government financing companies permits undisclosed accrued interest if disclosed by note in annual accounts.
Notification GSR 550(E) excludes application of clause (b) of sub section (3) of section 209 of the Companies Act, 1956 to Government companies financing industrial projects approved under the Income tax Act, limited to accrued interest on loans and advances not accounted for; such unaccounted accrued interest must be disclosed by way of a note in the annual accounts.

Customs exemption amended: Interferon alpha-2b injection added to life saving drugs schedule, extending tariff relief for the medicine.
The notification amends the schedule of a prior customs exemption by inserting Interferon alpha-2b injection under the heading "A. Life saving drugs or medicines," thereby extending exemption treatment to that listed medicine as part of the miscellaneous exemption notifications.

Section 5A amendment: excise notification altered to insert an additional tariff heading into the Annexure.
Amendment under sub-section (1) of section 5A amends Notification No. 175/86-Central Excises by inserting the tariff heading "2829.10" after "2101.20" in the Annexure at S. No. 4, item (iii), effected by Notification No. 142/89-C.E.

Excise duty exemption for Rifampicin formulations extends full relief to specified medicaments meeting defined formulation criteria.
Central Government exempts single ingredient Rifampicin formulations and formulations of Rifampicin with Isoniazid from the whole of the duty of excise when falling under the relevant tariff heading. The exemption covers medicaments processed from the bulk drugs with or without pharmaceutical aids that are therapeutically inert and do not affect therapeutic or prophylactic activity, but excludes substances outside the scope of the national drug regulatory law; "bulk drug" adopts the meaning in the drug price control order.

Excise exemption for sulphur dioxide and sulphur trioxide when consumed in manufacture of sulphuric acid.
The amendment adds serial number 26 to the exemption Table, specifying that sulphur dioxide and sulphur trioxide are exempt from central excise when consumed within the factory of production in the manufacture of sulphuric acid.

Central Excise amendment revises tariff classification for television receivers with recording apparatus and defines picture-in-picture scope.
Amendment substitutes a new Table entry describing Television receivers combined in the same housing, with video recording or reproducing apparatus and specifies an ad valorem rate; it also inserts an Explanation defining "Television receivers-picture-in-picture type" as a receiver capable of receiving and exhibiting two or more visual programmes simultaneously, with at least two programmes originating from telecast channels.

Exemption from company disclosure rules for government financing firms, subject to note disclosure of unaccounted accrued interest.
The Central Government directs that the provisions of clause (b) of sub section (3) of section 209 of the Companies Act shall not apply to Government companies financing industrial projects approved under the Income tax Act, insofar as those provisions relate to income from interest on loans and advances, provided any accrued interest income not recorded in the books is disclosed by way of a note in the annual accounts.

Income-tax rate and surcharge changes implemented, with detailed rules for treating net agricultural income and withholding mechanics.
The Act prescribes revised income-tax rates and surcharge application through the First Schedule, sets out detailed rates for deduction at source and for calculation of income-tax and advance tax in specified cases, and establishes comprehensive rules for computing and treating net agricultural income - including aggregation, increased-amount computation and subtraction to determine tax on total income - while enacting numerous amendments to Income-tax, Wealth-tax, Gift-tax and Expenditure-tax statutes, introducing new exemptions, deductions and special computation provisions with specified effective and deemed retrospective dates.