Tax exemption notification under section 10(23C)(iv) designates an educational charitable institution for tax recognition.
The Central Government, invoking section 10(23C)(iv) of the Income tax Act, notifies The Tata Agricultural and Rural Training Centre for the Blind, Bombay, as an institution covered by that sub clause for the assessment year 1989-90, formally recognizing its qualification for the statutory exemption category and recording the official reference for the administrative designation.

Tax exemption notification under section 10(23C)(iv) recognises charitable status for People's Action for Development, Maharashtra.
Central Government notification under sub-clause (iv) of clause (23C) of section 10 of the Income-tax Act notifies People's Action for Development, Maharashtra for the purposes of that sub-clause for the assessment year 1989-90, recognising the organisation within the statutory tax-exemption framework for that year.

Approval under section 35(1)(iii): institution approved subject to separate accounts, annual returns, audited accounts and renewal.
Approval under section 35(1)(iii) is granted to Ved Vignan Mahavidyapeeth as an Institution, conditional on maintaining separate accounts for scientific research, furnishing annual returns of research activities by 31st May, submitting audited annual accounts and balance-sheet to the prescribed authority and specified tax offices by 30th June, and applying to tax authorities for renewal before expiry; the notification also specifies the institution's address and the approval's operative period.

Customs amendment: substitution of 'Rutile' with 'Synthetic Rutile' in existing notification, altering commodity designation under Customs Act.
The Central Government, exercising its Customs Act authority, amends Notification No. 43/87-Customs by substituting the word "Rutile" with "Synthetic Rutile", thereby modifying the statutory commodity description in that notification.

Tax exemption under section 10(23C)(iv) recognized for Homi Bhabha Fellowships Council for assessment year 1989-90.
Notification declares Homi Bhabha Fellowships Council, Bombay recognised under section 10(23C)(iv) of the Income tax Act, 1961 for the specified assessment year, effected by the Central Government exercising powers under that sub clause and recorded by the stated administrative reference.

Excise duty exemption: finishing agents and dye carriers not required to be paid for a specified prior period.
The Central Government directs that the excise duty which would otherwise have been payable on finishing agents, dye carriers and related preparations falling under Heading No. 38.01 or 38.09 and used in the factory of production for manufacture of textiles shall not be required to be paid in respect of such goods for the period when duty was not levied in accordance with the existing administrative practice.

Approval under section 35(1)(ii) recognition for scientific research requires separate accounts, reporting and audited filings.
Approval is granted to the Goa Cancer Society as an Institution for scientific research under section 35(1)(ii) for 1 April, 1988 to 31 March, 1989, subject to maintenance of separate research accounts, submission of annual research returns by 31 May, furnishing audited accounts and balance-sheet to the prescribed authority by 30 June with copies to the Central Board of Direct Taxes, DGIT (Exemption) and the Commissioner, and timely application for extension before expiry.

Scientific research approval under tax law requires associations to maintain separate accounts and complete annual filings.
Approval is granted to Bai Jerbai Wadia Hospital for Children and Institute of Child Health Research Society as an approved institution for scientific research under clause (ii) of sub section (1) of section 35, as an Association, subject to conditions: maintain a separate account for research receipts; furnish annual research activity returns by 31st May; submit audited annual accounts showing income, expenditure, assets and liabilities by 30th June to the prescribed authority and specified tax offices; and apply for approval extension before expiry.

Approval under section 35(1)(ii) for research institution requires separate accounts, annual returns and audited financial submissions.
Approval under section 35(1)(ii) was granted to Forbes Research Centre, New Delhi, as an "Association" on condition that it maintain a separate account for scientific research receipts; furnish annual returns of research activities by 31st May; submit audited annual accounts, income and expenditure statements and balance-sheet to the prescribed authority and specified tax offices by 30th June; and apply for extension to the central tax administration and exemption directorate before approval expiry.

Approval under section 35(1)(iii) confirms institution status subject to accounting, reporting, and renewal conditions.
Approval under section 35(1)(iii) recognises the Statistical Publishing Society, Calcutta as an institution for research-related tax purposes, conditional on maintaining separate accounts for research receipts, filing annual research returns in prescribed forms, and submitting audited accounts and balance-sheet copies to the prescribed authority and specified tax offices by prescribed dates. Approval requires timely application for renewal prior to expiry; late applications may be rejected.

Research approval compliance requires separate accounts, annual audited returns and timely renewal applications under tax law.
Approval under Section 35(1)(iii) is granted to People's Institute for Development and Training, New Delhi, subject to maintenance of a separate account for scientific research receipts, annual research returns to the prescribed authority by 31st May, and submission of audited annual accounts, income and expenditure statements and a balance sheet to the prescribed authority and specified tax offices by 30th June. The Institute must seek renewal from the tax authorities at least three months before approval expiry; late applications may be rejected.

Specified HUDCO Shelter Bonds require transferee to notify issuer within sixty days to secure tax proviso benefit.
Central Government specifies 7 year 13% taxable Secured Redeemable Non-convertible HUDCO Shelter Bonds (Series-II) issued by the Housing and Urban Development Corporation Limited as securities under clause (iib) of the proviso to section 193 of the Income-tax Act, 1961. The proviso's benefit on transfer by endorsement or delivery is admissible only if the transferee informs the Corporation by registered post within sixty days of the transfer.

Specified HUDCO Shelter Bonds require transferee to notify issuer by registered post within sixty days to retain tax benefit.
Central Government specifies 7 year 13% secured redeemable non convertible HUDCO Shelter Bonds (Series II) as eligible for the tax benefit under the Income tax Act, subject to the condition that where such bonds are transferred by endorsement or delivery the transferee must inform the issuing Corporation by registered post within sixty days of the transfer for the benefit to be admissible.

Tax exemption for HUDCO shelter bonds; entitlement conditioned on holder registration with the issuing corporation.
Central Government specifies 10-year tax-exempt secured redeemable non-convertible shelter bonds (Series-II) as covered by clause (15)(iv)(h) of section 10, and makes the tax benefit conditional on the holder registering his name and holdings with the issuing corporation.

Tax exemption recognition under section 10(23C)(iv) notifies Institute of Marketing and Management for specified assessment years.
Notification records statutory recognition of the Institute of Marketing and Management, New Delhi, under section 10(23C)(iv) of the Income-tax Act and expressly notifies the Institute for the specified assessment years, thereby bringing the institution within the scope of that sub-clause's tax treatment for those years.

Research institution approval under income tax provisions grants association status with mandatory audit and annual reporting compliance.
Approval is granted to Birla Planetarium and Astronomical Research Centre, Calcutta as an approved institution under Section 35(1)(ii) of the Income-tax Act, classified as an "Association" and subject to conditions requiring separate accounts for research receipts, annual returns of research activities by 31st May, audited accounts and balance-sheet submission by 30th June to prescribed authorities and tax offices, timely application for extension before approval expiry, and an effective approval period from 1st April to 31st March.

Amendment to customs notification inserts a new schedule entry adding Notification No.138 to existing customs exemptions.
The central government amended Notification No.106/89-Cus. by inserting, after Sl. No. 265, a new Sl. No. 266 in the Schedule referencing Notification No.138-Customs, exercising powers under the Customs Act and the Finance Bill as given force by the Provisional Collection of Taxes Act and citing public interest.

Customs exemption for fogging machines: municipal imports relieved from duties exceeding a capped ad valorem rate and from additional duty.
Exemption authorises concessional treatment for fogging machines imported by a municipal body for use in combating malaria and other mosquito-borne diseases, relieving such imports from customs duty in excess of an ad valorem cap and from the additional customs duty leviable under the Customs Tariff, limited to fogging machines within the relevant tariff chapter and to qualifying municipal authorities.

Exemption from wealth-tax: HUDCO bonds specified as exempt; transfer benefit requires notice to issuer within prescribed period.
The Central Government specifies two categories of secured, redeemable, non-convertible HUDCO Shelter Bonds as eligible for wealth-tax exemption under clause (xvie) of section 5(1) of the Wealth-tax Act, 1957. The exemption upon transfer by endorsement or delivery is conditional: the transferee must inform the issuing corporation by registered post within sixty days of the transfer for the benefit to be admissible.

Research institution approval requires separate research accounts, annual returns, audited accounts and timely renewal before expiry.
Approval of K. E. M. Hospital Research Centre, Pune as an approved institution under section 35(1)(ii) requires maintenance of a separate account for research receipts, annual submission of research activity returns to the prescribed authority, annual filing of audited accounts and balance-sheet with the prescribed authority and tax authorities, and timely application for extension of approval before its expiry.