Section 10(23) exemption: Haryana Cricket Association notified subject to conditions on income application, investments, distributions, and business income.
Notifies the Haryana Cricket Association, Bhiwani, as entitled to a statutory exemption under clause (23) of section 10 for assessment years 1999-2000 and 2000-2001, provided it applies or accumulates income exclusively to its objects in accordance with section 11 as modified, confines investments to permitted forms, does not distribute income to members except as grants to affiliated institutions, and excludes business profits unless incidental and maintained in separate books.

Approval under section 36(1)(viii) allows specified housing finance companies to claim deductions subject to compliance conditions.
Central Government approval permits specified housing finance companies to claim the deduction under section 36(1)(viii) for stated assessment years, subject to conditions: primary object of providing long-term finance for residential house construction or purchase; annual submission of audited accounts and statement of deduction by the return due date; creation and maintenance of the prescribed special reserve; and fulfillment of all other statutory conditions.

Investment limit for provident and pension funds expanded to permit private company bonds with dual credit ratings
The amendment permits trustees of approved provident, superannuation and gratuity funds to invest a sub portion of their authorised investible moneys in bonds or securities of non public companies that have investment gradings from two or more registered credit rating agencies; this investment permission is an additional proviso to the existing pattern of investments and is effective from 1 April 1998.

Immovable property specification sets floor area thresholds for residential and commercial eligibility in listed urban agglomerations.
The Central Board of Direct Taxes, under the first proviso to sub section (1) of section 139 of the Income tax Act, specifies that immovable properties for the proviso comprise residential premises occupying 1,100 square feet or more and commercial premises occupying 175 square feet or more, as applied to a listed set of urban agglomerations and municipal areas.

Specified areas under section 139 defined, listing urban agglomerations for application of the first proviso.
The Central Board of Direct Taxes, under the first proviso to sub section (1) of section 139 of the Income tax Act, 1961, by Notification No. S. O. 242(E) dated 9 4 1999, specifies a list of urban agglomerations and the municipal, cantonment, development or other locally notified territorial areas for the purposes of that proviso, referencing relevant municipal and state notifications to define the territorial scope for each named city.

Designation of appellate jurisdiction directs Commissioner (Appeals)-XII to oversee appeals from specified assessing officers' orders.
The Commissioner of Income-tax (Appeals)-XII, Calcutta is designated to exercise appellate functions for persons aggrieved by orders under the Income-tax Act and related tax statutes, with jurisdiction over appeals from Assessing Officers functioning under specified Joint Commissioners and Joint Directors, Special Range-12 and its subordinates, Joint Director (Exemption) special ranges and subordinates, Range-15 Assessing Officers, and specified investigation cases transferred from Guwahati. The designation takes effect from the date of the order and partially modifies a prior notification.

Amendment to customs baggage notification revises specified imported goods list by substituting prior notification references.
The Central Government, exercising powers under the Customs Act and Finance Bill declarations, substitutes in column (2) of the Table the earlier bracketed reference to a notification and its listed S. Nos./item entries with a later notification reference and a revised set of S. Nos./item entries, thereby changing which specified goods are identified as baggage for the purposes of the exemption notification.

Tax-exempt notification grants a trust conditional exemption requiring exclusive application of income and specified investment restrictions.
Central Government notifies J.R.D. Tata Trust under sub-clause (iv) of clause (23C) of section 10 for the assessment years 1999-99, 1999-2000 and 2000-2001, subject to conditions: the trust must apply or accumulate income wholly and exclusively to its objects; must not invest or deposit funds except in forms specified in sub-section (5) of section 11 (excluding voluntary contributions in jewellery, furniture, etc.); and the notification excludes business profits unless the business is incidental and separate books are maintained.

Immovable property thresholds regulate tax reporting applicability by requiring area based criteria for residential and commercial properties under section 139.
The notification prescribes floor area thresholds by which certain properties qualify as immovable properties for the first proviso to sub section (1) of section 139 of the Income tax Act. It requires residential properties (excluding huts and kutcha dwellings) and commercial properties to meet respective minimum floor area criteria, and applies those criteria within the municipal and development area boundaries or subsidiary notifications specified for each listed urban agglomeration.

Specified urban agglomerations: territorial areas designated for application of the section 139 return proviso under income tax.
Specification of urban agglomerations for the first proviso to sub section (1) of section 139 of the Income tax Act, 1961: the notification lists named cities and fixes territorial applicability by reference to each city's municipal, cantonment or state notification or statutory definition, and incorporates subsequently amended notifications where expressly indicated.

Exemption for services paid in convertible foreign exchange: domestic receipt avoids service tax unless funds are repatriated.
The government exempted the taxable service specified in clause (90) of section 65 from service tax when payment is received in India in convertible foreign exchange, provided the payment is not repatriated or sent outside India; the notification superseded Notification No. 2/99 and was amended to update clause references.

Tax recognition for charitable institution: exemption granted subject to exclusive application of income and specified investment and accounting conditions.
Recognition under 10(23C)(v) is granted to The Malankara Syrian Knanaya Church, Kottayam subject to conditions: income must be applied or accumulated solely for institutional objects; investments of funds are limited to legally specified modes except voluntary contributions maintained as tangible items; and the notification does not cover business profits unless the business is incidental to objectives and is maintained in separate books.

Approval under section 36(1)(viii) grants deduction eligibility to a housing finance company subject to annual compliance.
Approval enables M/s SREI Home Finance Ltd. to claim deductions under section 36(1)(viii) for the listed assessment years, conditional on its principal object being long-term residential housing finance, annual filing of audited accounts and a statement of deduction by the return due date, creation and maintenance of the required special reserve, and satisfaction of all other statutory conditions under the provision.

Tax exemption under section 10(23C)(iv) granted to National Horticulture Board, subject to income application and investment conditions.
Notification under sub-clause (iv) of clause (23C) of section 10 notifies National Horticulture Board, Gurgaon for the specified assessment years, conditioned on application or accumulation of income wholly and exclusively to its objects; restriction of investments or deposits to forms permitted for charitable income (excluding certain voluntary contributions held as personal articles); and exclusion of business income unless the business is incidental and maintained in separate books.

Tax exemption under section 10(23C)(iv): notified entity must apply income exclusively and meet investment and business conditions.
Notification designates National Horticulture Board, Gurgaon as entitled to tax exemption under section 10(23C)(iv) for assessment years 1993-94 to 1995-96, subject to conditions: application or accumulation of income wholly and exclusively for established objects; investment or deposit of funds only in modes permitted by the statutory investment provision (excluding certain tangible voluntary contributions); and exclusion of business profits unless incidental to objectives with separate books maintained.

Notification of tax exemption for National Horticulture Board subject to application, permitted investments and business income rules
Notification designates National Horticulture Board, Gurgaon as a notified entity under the cited sub-clause for specified assessment years, contingent on applying or accumulating income exclusively to its objects, restricting investments to forms permitted for charitable trusts, treating voluntary contributions differently, and excluding business income except where incidental and accounted for in separate books.

Exemption under section 10(23C)(iv): National Horticulture Board's income exempt for specified years subject to investment and business conditions.
Notification under section 10(23C)(iv) notifies National Horticulture Board, Gurgaon for assessment years 1987-88 to 1989-90 subject to conditions: the assessee must apply or accumulate income wholly and exclusively to its objects; investments or deposits of funds during the relevant previous years are restricted to permitted forms or modes (excluding certain voluntary contributions held as tangible items); and the notification does not apply to profits and gains of business unless the business is incidental and separate books are maintained.

Section 36(1)(viii) approval: conditional tax recognition for housing finance deductions requiring audited filings and reserve maintenance.
Approval is granted to SREI Home Finance Ltd., Calcutta, for recognition under the Income-tax Act provision permitting housing finance deductions for the assessment years noted, subject to conditions that the company's main object is long-term residential housing finance; annual submission of audited accounts and a statement of deduction before the return filing due date; creation and maintenance of the required special reserve; and fulfillment of all other statutory conditions.

Special Import Licence allowed for specified ceramic tile tariff lines subject to CIF value per square metre thresholds.
Amendment permits import of tariff headings 69079000 (other) and 69089002 (ceramic mosaic tiles) under Special Import Licence (SIL) provided declared C.I.F. value meets the prescribed per square metre thresholds, thereby making SIL issuance conditional on specified valuation criteria.

Exclusion of fuel from consumables classification narrows scope of items subject to central excise rule explanations.
The amendment substitutes the expression "consumables" with "consumables (other than fuel)" in the explanatory text of two provisions of the Central Excise Rules, 1944, thereby narrowing the category of items treated as consumables for the purposes of those rules; the rules are styled as the Seventh Amendment Rules, 1999, issued under the Central Excise Act, 1944, and commence on publication in the official Gazette.