Industrial park notification under section 80 IA: tax benefits contingent on infrastructure, unit thresholds and compliance.
Central Government notifies the undertaking of M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, at Hattipura Industrial Area, Bundi, as an industrial park under clause (iii) of sub section (4) of section 80 IA, subject to annexed terms including 100% industrial allocation, a minimum of 79 units, prescribed minimum infrastructure expenditure thresholds (50% or 60%), defined common infrastructure, limits on single unit area occupancy, required statutory approvals, tax benefits contingent on unit occupancy, operator continuity, transfer intimation requirements, and invalidation/withdrawal for misrepresentation, nondisclosure, delay or noncompliance.

Industrial park notification under section 80-IA: tax benefits subject to infrastructure, unit thresholds and compliance.
Notification under section 80-IA(4)(iii) designates the industrial portion developed and operated by M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, at Taranagar as an approved industrial park, subject to specified terms: prescribed area and allocable use, minimum number of units, investment and commencement date. Approval requires adherence to defined infrastructure standards and minimum infrastructure expenditure, limits individual unit occupancy, conditions foreign investment approvals, conditions tax benefits on establishment of minimum units and continued operation by the notifying undertaking, and permits invalidation or withdrawal for misinformation, non-compliance, unauthorized amendments, or delayed commencement without fresh approval.

Industrial park notification grants tax-benefit eligibility to a growth centre subject to infrastructure, occupancy and compliance conditions.
Notification designates the undertaking of M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, as an Industrial Park at Parbatsar and makes the Growth Centre eligible for tax benefits under Section 80-IA(4)(iii) subject to specified annexed conditions: minimum infrastructure expenditure thresholds, defined infrastructure components, limits on single-unit area occupation, requirement to obtain regulatory approvals, minimum unit occupancy for tax benefit entitlement, continuance of operation by the notifying undertaking, fresh approval if commencement is delayed beyond one year, transfer intimation requirements, and invalidity or withdrawal of approval for misinformation, undisclosed material facts, unauthorized amendments or non-compliance.

Industrial park notification: designated Growth Centre qualifies for section 80IA(4)(iii) tax benefits subject to compliance.
Central Government notifies the Growth Centre developed and operated by M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, at Dholpur as an industrial park for purposes of clause (iii) of sub section (4) of section 80IA, subject to annexure conditions. The annexure prescribes approved location, area, allocable industrial/commercial percentages, minimum industrial units and investment, and conditions making tax benefits contingent on locating the specified units. It mandates minimum infrastructure expenditure thresholds, defines infrastructure, caps single unit occupancy at 50% of allocable industrial area, requires statutory approvals, obliges continued operation by the undertaking, and provides for invalidation, transfer notification, and withdrawal on non compliance.

Special Economic Zone designation for MIHAN area enabling development, operation and maintenance under the SEZ Act.
The Central Government, invoking the Special Economic Zones Act, 2005 and SEZ Rules, 2006, notifies specified survey parcels at Issassani, Telhara, Kalkuhi, Khapri (Rly) and Dahegaon, District Nagpur as a multi product Special Economic Zone for development, operation and maintenance by Maharashtra Airport Development Company Limited for the MIHAN Multi modal International Hub Airport, with the attached Table listing village wise survey numbers and areas that constitute the notified SEZ boundary.

Special Economic Zone designation for IT/ITES enables notified land to operate under SEZ Act regulatory regime.
The Central Government, having found statutory prerequisites satisfied and having granted a letter of approval to M/s. NIIT Technologies Limited for development, operation and maintenance of a sector specific SEZ for information technology and information technology enabled services, notifies the land measuring 10.20 hectares at Plot No. TZ-2 & 2A, Sector-Tech Zone, Greater Noida as a Special Economic Zone under the SEZ statutory and rules framework.

Special Economic Zone designation for information technology services covered notified land parcels and was subsequently rescinded.
Special Economic Zone notification designated specified land parcels measuring 12.25 hectares in Kistapur and Antharam villages, Andhra Pradesh, as a sector-specific Special Economic Zone for information technology and information technology enabled services. The designation followed fulfilment of statutory requirements and prior approval for development, operation and maintenance of the zone. The notification identified the survey numbers comprising the notified area and was subsequently rescinded by a later notification.

Renewal of recognition granted to Uttar Pradesh Stock Exchange Association Limited under SCRA, permitting operations subject to prescribed conditions.
SEBI granted renewal of recognition to the Uttar Pradesh Stock Exchange Association Limited under the Securities Contracts (Regulation) Act for a one-year period commencing in early June 2007 and ending in early June 2008, authorising contracts in securities and making the renewal subject to any conditions that may be prescribed or imposed subsequently.

Charitable trust income exemption granted for receipts on behalf of Jallianwala Bagh Trust, subject to specified compliance conditions.
Exemption is granted for income received by any person on behalf of Jallianwala Bagh National Memorial Trust, Amritsar, provided the Institution applies or accumulates its income solely for its objects with limited accumulation, follows prescribed investment forms, confines business income to incidental activities with separate accounts, files returns, obtains and furnishes the required audit report, and transfers surplus assets on dissolution to a like-minded organization; the exemption applies only to receipts on behalf of the Institution and is subject to rescission for noncompliance.

Time limit for claiming income-tax exemption amended to within six months of notification publication.
The Central Government amends notification S.O. 333(E) by substituting the words "during the financial year 2006-07" with "within six months time from the date of publication of the notification," thereby replacing a financial-year deadline with a six-month post-publication time limit.

Takeover filing fee structure updated: acquirers required to pay tiered fees when filing draft offer with regulator.
The substituted sub regulation requires the acquirer to pay, while filing the draft letter of offer under sub regulation (1) of Regulation 18, a fee by bankers' cheque or demand draft in favour of the Securities and Exchange Board of India payable at Mumbai, according to a tiered schedule of fee bands linked to the offer size, including provisions for larger offer sizes where a base amount plus a percentage applies and a top band for the largest offers.

Filing fees for offer documents amended to scale with amount raised, subject to prescribed minimum and maximum limits.
The amendment replaces the rule on Filing fees for offer documents, making fees a percentage of the amount raised in a new fund offer, subject to specified minimum and maximum monetary limits; and authorizes mutual funds to invest pending scheme funds in short-term deposits of scheduled commercial banks, subject to Board-specified guidelines.

Buy-back filing fees introduced: tiered fee schedule requires merchant bankers to pay regulator-based charges linked to offer size.
Amendment substitutes Schedule IV to require every merchant banker, when submitting a buy-back offer document or public announcement to the regulator, to pay fees according to a tiered schedule based on offer size, comprising fixed fees for lower bands and percentage-based or capped fees for larger bands; the amendment comes into force on publication in the Official Gazette.

Customs settlement procedure prescribes application form, fee, duty deposit, disclosure requirements, and provisional attachment safeguards.
Customs settlement procedure under section 127B requires applications in Form SC(C)-1, filed in quintuplicate with the prescribed fee, along with deposit of the accepted additional customs duty and interest through the authorised bank. The rules specify who may sign the application, require supporting bills of entry or shipping bills and related documents, provide for disclosure to the Settlement Commission and the Commissioner, and lay down the manner of provisional attachment of property. A fee is also prescribed for copies of reports under section 127G.

Exchange rate determination for exported goods fixes conversion rates to Indian rupees for customs valuation.
The Board determines, under its statutory powers, fixed rates of exchange of specified foreign currencies into Indian rupees for the purposes of export goods, superseding the earlier notification; the rate mentioned against each currency in the appended schedules is to be applied for conversion with effect from the stated effective date.

Exchange rate determination for imported goods sets official currency conversion benchmarks for customs assessment.
The Board, under section 14(3)(a)(i) of the Customs Act, 1962, supersedes the prior notification and prescribes specified conversion rates for listed foreign currencies into Indian rupees and vice versa for imported goods, set out in Schedule I and Schedule II, with an effective date for their application to customs assessments.

Settlement of Excise Cases: application, prescribed form and deposit requirements permit resolution of admitted central excise liabilities.
Applications for settlement must be submitted in Form SC(E)-1, filed in quintuplicate, signed by authorised persons according to the applicant's status, and accompanied by a prescribed application fee. The applicant must deposit the additional excise duty accepted for settlement and interest by TR-6 challan in quintuplicate with specified distribution of copies. The Settlement Commission forwards the application, annexures and supporting statements when seeking a report, and may order provisional attachment, whereupon the Commissioner may authorise an officer to attach property and prepare an inventory to be provided to the applicant, the Commissioner and the Commission.

Suspicious transaction reporting: amendments require prompt electronic reporting for counterfeit or terrorism linked suspicions and streamlined record copies.
Amendment revises suspicious transaction definitions to include transactions lacking economic rationale or suggesting terrorism financing and those involving forged or counterfeit currency or securities. It requires the Principal Officer to furnish monthly reports for routine categories and to provide prompt written, fax or electronic reports within a short working day window for forgery/counterfeit and suspicious transactions, and reduces multiple certified copy requirements to a single certified copy.

Research institution approval conditions: tax-deduction eligibility subject to utilization, audit, donation accounting, and compliance standards.
Approval is granted to Nimbkar Agricultural Research Institute as an other institution partly engaged in scientific research, subject to conditions: utilization of sums for scientific research; research carried out by faculty or enrolled students; maintenance of books of account and auditor-conducted audit with the audit report furnished to the tax authority by the income-tax return due date; and maintenance of a separate auditor-certified statement of donations received and amounts applied for scientific research. Approval may be withdrawn for specified failures or noncompliance.

Research approval under section 35: donations must fund scientific research, audited accounts maintained, noncompliance invites withdrawal.
Approval of Central Power Research Institute, Bangalore under the research-related deduction provision (read with Rules 5C and 5E) is granted from 1-4-2005 in the category of other Institution partly engaged in research, conditional on utilization of sums for scientific research, research being carried out by faculty or enrolled students, maintenance of books and an audit by an authorized accountant with the audit report and an auditor-certified statement of donations and applications for scientific research furnished to the tax authorities by the return due date.