Tax exemption under section 10(23C)(iv) granted subject to application of income, investment limits and business carve-out applies.
Notification under 10(23C)(iv) designates Shri Param Hans Advait Math Publication Society as covered by that sub-clause for the specified assessment years, subject to conditions that income be applied or accumulated wholly and exclusively for the society's objects; that funds not be invested or deposited except in forms permitted under section 11(5) (except voluntary contributions held as jewellery, furniture, etc.); and that business profits are excluded unless the business is incidental and maintained in separate books.

Exemption under section 35AC: project specified as eligible for a further multi-year assessment period after committee recommendation.
The Central Government specifies the Venu Eye Institute and Research Centre, executed by Venu Charitable Society at Sheikh Sarai, New Delhi, as an eligible project for exemption under section 35AC and, following the National Committee's recommendation that the project is being properly executed, extends that specification for a further three assessment years commencing from the assessment year 1999-2000 at an estimated cost of twelve crore sixty lakhs.

Section 35AC notification amendment updates project location wording, substituting an Andhra Pradesh reference with Kancheepuram Tamilnadu.
Under powers conferred by the Explanation to section 35AC, the Central Government amends Notification S. O. 549(E) by substituting, in the table entry for serial number 7 (Duraisamy Generous Social Education Association), the project wording "at Vilvarayanallur, Madurantakam, Guntur, Andhra Pradesh" with "at Vilvarayanallur, Madurantakam, Kancheepuram District, Tamilnadu."

Tax incentive amendment under section alters notification wording to remove location and designate a portion of approved cost as corpus fund.
The Central Government amends the notification under the tax incentive provision to remove the project's location qualifier for the charitable trust and to substitute the previously stated approved cost with wording that designates a portion of the approved cost as corpus fund out of the total approved cost, thereby changing how the approved expenditure is recorded for tax-incentive purposes.

Exemption under section 35AC extended for construction of a Naturopathy Institute cum Hospital; eligible project status renewed for two assessment years.
Central Government specified the construction of a Naturopathy Institute cum Hospital at Patparganj, including infrastructural facilities, equipment and furnishing carried out by Nature Cure and Yoga Trust, as an eligible project for income tax exemption under section 35AC. Following a National Committee recommendation that the project was being executed properly and extended beyond the initial period, the Government renewed the project's eligible status for a further two assessment years commencing with the assessment year 2000 2001.

Exemption under section 35AC extended to agricultural and rural development training scheme for a further three assessment years.
The Central Government, under section 35AC, specifies the Ramakrishna Mission's training in agriculture and allied subjects and Rural Development Programme at Morabadi, Ranchi, executed by Ramakrishna Mission, P.O. Belur Math, Howrah, as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 2000 2001, following the National Committee's recommendation that the project is being properly executed, at an estimated cost of rupees one crore thirty lakhs five thousand.

Exemption under section 35AC: specification of an eye hospital project as eligible for tax relief following government notification.
The Central Government designates the equipments and vehicle for running the eye hospital/camps at Bharatpur by Friendship Foundation Trust, Ahmedabad, as an eligible project for tax exemption, on the National Committee's recommendation, for a further three assessment years commencing from the assessment year 2000-2001 at an estimated cost of twenty six lakhs twenty eight thousand.

Exemption under section 35AC extended for the expansion of two school buildings as an eligible project for three assessment years.
The Central Government, acting under the Income-tax Act and following a National Committee recommendation under the Income-tax Rules, specified the expansion of Dalmia Senior Higher Secondary School and Secondary Girls Senior Higher Secondary School at Chirawa by the Dalmia Shiksha Samiti as an eligible project for exemption under section 35AC for a further three assessment years commencing from the assessment year 1999-2000, and recorded the estimated project cost in the notification.

Tax exemption under charitable project eligibility: Pain Relief Centre and Home Care Programme specified for extended tax benefit.
Central Government specified under section 35AC the equipments and operation of the Pain Relief Centre (SATSEVA), Bhavani Peth, Pune, run by Care India Medical Society, and included a Home Care Programme for terminally ill cancer patients; the National Committee recommended extension under rule 11M(5), and the Government extended the eligible status for a further three assessment years commencing from assessment year 2000 2001 with an estimated project cost and a corpus fund.

Exemption under Section 35AC extends eligibility of a rehabilitation project for the blind for two further assessment years.
Central Government, invoking sub-section (1) read with clause (b) of the Explanation to Section 35AC, specifies that the rehabilitation project for the blind carried out by National Association for the Blind (Mehsana District Branch) in Mehsana District, Gujarat, is an eligible project or scheme for a further two assessment years commencing from the assessment year 1999-2000, following a recommendation by the National Committee that the project is being executed properly and identifying the estimated project cost.

Exemption under income tax provision: specification for a Taloja common effluent treatment plant extended for one assessment year.
The Central Government specifies the project of setting up a common effluent treatment plant at MIDC, Taloja, executed by Taloja CETP Co-operative Society Limited, as an eligible project under the income-tax exemption provision at an enhanced estimated cost, and, on the National Committee's recommendation that the project is being properly executed and is likely to extend beyond three years, extends the project's specification as eligible for exemption for a further period of one assessment year.

Exemption under section 35AC extended for Maharogi Sewa Samiti welfare running expenses for three further assessment years.
Central Government specified continuation of tax exemption under section 35AC for running expenses of welfare activities by Maharogi Sewa Samiti at Nagpur, Chandrapur and Godchirili in Maharashtra, on the National Committee's recommendation, designating the scheme as an eligible project or scheme for a further three assessment years commencing with assessment year 2000-2001.

Tax exemption designation extends eligibility for donations to specified social welfare activities of Sanjivani Trust.
The Central Government designated Sanjivani Trust's social welfare activities-medical treatment, medicines, food to needy patients, books, educational kits, uniforms, and scholarships-as an eligible project for tax exemption under the specified-project provision, following the National Committee's recommendation that the project is properly executed. The specification is extended for a further three assessment years commencing with assessment year 2000-2001, with an estimated project cost and a separate corpus fund recorded in the notification.

Exemption under section 35AC: approved institutions and specified projects qualify for tax deduction for eligible project costs.
Approval designates specified charitable institutions and their listed projects as eligible for deduction, with the Central Government specifying each project's estimated cost and the maximum amount allowable as a deduction; certain projects include corpus funds within the approved cost and the notification limits the period of approval to specified assessment years for different serial entries.

Tariff amendment for cold storage components extends concessional excise treatment to refrigeration goods used for preserving agricultural produce.
The notification adds S. No. 218A to the Central Excise tariff to provide concessional classification for goods intended for installation of cold storage, cold rooms or refrigerated vehicles for preservation, storage or transport of agricultural produce, and inserts List 3A enumerating eligible refrigeration components. It also substitutes specified condition references in condition No. 15 of the Annexure and places List 3A after List 3 to define the scope of the concession.

Amendment of Central Excise notifications updates job work additional duty cross references to newer notification citations.
The Central Government, under section 5A of the Central Excise Act and section 3 of the Additional Duties Act, directs substitution of specified notification citations in Notification Nos. 83/94-CE and 84/94-CE and the table to Notification No. 9/96-CE, limited to replacing the figures, words and letters quoted in each instrument so as to update cross-references to more recent notifications affecting job-work additional duty (in lieu of sales tax).

Tax exemption approval for an educational institution granted, subject to statutory compliance for specified assessment years.
The Central Board of Direct Taxes approved Birla Institute of Technology and Science, Pillani, for tax-exempt recognition under the educational-institution provision for assessment years 1999-2000 to 2001-2002, conditional on the society's conformity with the relevant clause of the Income-tax Act and the associated income-tax rules governing such approvals.

Charitable exemption approval grants tax-recognition to an educational institution subject to statutory compliance obligations.
The Central Board of Direct Taxes approves Birla Institute of Technology & Science, Pillani (Rajasthan) under section 10(23C)(vi) of the Income-tax Act, read with rule 2CA of the Income-tax Rules, for the assessment years 1999-2000 to 2001-2002, provided the Society conforms to and complies with the provisions of sub-clause (vi) of clause (23C) of section 10 read with rule 2CA.

Special Import Licence conditions updated: SIL surrender rule and broad reclassification of import controls and licensing procedures.
The notification amends ITC(HS) 1997-2002 to require that items importable under a Special Import Licence (SIL) be imported on surrender of SILs equivalent to three times the CIF value unless a higher surrender is prescribed, reclassifies many tariff lines as Free or importable only against SIL, inserts new EXIM entries, and expands import licensing notes to prescribe application forms, departmental recommendations and specific conditions for imports of animals, equine stock, live plants, prescribed nuclear-related substances, shipbuilding/repair exemptions and recreational bodies' limited import entitlements.

Exemption notification amendment removes specified conditions in paragraph two, altering eligibility under central excise exemptions.
Notification No. 17/99-CE amends Notification No. 10/99-Central Excise by omitting condition (i) and condition (ii) in paragraph 2 of the principal notification, promulgated by the Central Government under statutory power and published in the Gazette of India Extraordinary.