Deeming of Special Economic Zone as Inland Container Depot alters customs status for agro processing SEZ developed by MIDC.
The Central Government appointed 17 June 2008 as the date on which the sector specific Special Economic Zone for the agro processing sector at Akola, developed by M/s. Maharashtra Industrial Development Corporation, shall be deemed to be an Inland Container Depot under Section 7 of the Customs Act, 1962.

Approval Committee for sector specific SEZ established, naming ex officio members, developer invitee and substitute rule.
Constitutes an Approval Committee for a sector specific Special Economic Zone for agro processing at Akola developed by M/s. MIDC under Section 13(1) of the SEZ Act, 2005. The Committee is chaired ex officio by the Development Commissioner of the SEZ and includes ex officio members from the Department of Commerce, DGFT, Customs/Central Excise, Income Tax, Banking (Ministry of Finance), two state nominated senior officers, and a MIDC representative as Special Invitee, with a substitution rule for the Development Commissioner.

Special Economic Zone designation notifies agro-processing zone at Akola under SEZ Act and Rules for development.
Notification designates a Special Economic Zone for the agro processing sector at Akola Industrial Area by M/s. Maharashtra Industrial Development Corporation (MIDC), invoking powers under the Special Economic Zones Act, 2005 and the SEZ Rules, 2006 to notify specified survey-numbered land parcels comprising an aggregate area of one hundred hectares for development, operation and maintenance as a sector-specific SEZ.

Tax exemption under section 35AC extended for integrated rural development project with amended cost and extended period.
Central Government amended the notification under section 35AC to extend the eligibility of the "Integrated Rural Development Project" by Bhansali Trust for three years beginning with financial year 2008-09, and substituted an increased maximum project cost in the Table of the original notification, pursuant to the National Committee's recommendation and powers under sub-section (1) read with clause (b) of the Explanation to section 35AC.

Exemption under section 35AC extended to Watershed Development Project, excluding donations collected in the elapsed financial year.
Notification extends income tax exemption eligibility for the Watershed Development Project by Bosco Gramin Vikas Kendra for a further three-year period beginning with the financial year 2007-08 without change to the approved project cost; however, because that financial year has elapsed, the approval does not validate funds collected during that year and no certificate for exemption of donations shall be issued for that financial year.

Exemption under section 35AC extended for charitable hospital infrastructure expansion by government notification.
Exemption under section 35AC is extended to the project "Purchase and installation of plant and machinery, expansion of infrastructure" by Jain Social Federation's Anandrishiji Hospital & Medical Research Centre in Ahmednagar for a further three-year period beginning with financial year 2008-09, without change in the approved cost of Rs. 11.30 crore, following a recommendation by the National Committee under rule 11M(5) that the project is being executed properly.

Exemption under section 35AC extended for construction and operation of a special school and hostel by a nonprofit.
The Central Government has notified continuation of the project by Sri Dakshinya Bhava Samithi-construction, equipment, furnishing and running of a special school, hostel and staff quarters at Padapalakaluru Village, Guntur-as an eligible scheme for exemption under section 35AC for a further three-year period beginning with financial year 2008-09, on the National Committee's recommendation and without any change in the approved project cost.

Tax exemption extension for a girls' home project; extension excludes donations collected in the already elapsed financial year.
Notification extends the Section 35AC tax exemption to Pranab Kanya Sangha's project for a further two years beginning financial year 2007 08, retaining the approved project cost of Rs. 44.67 lakh; based on the National Committee's recommendation and exercise of powers under the Explanation to section 35AC. Because financial year 2007 08 had already elapsed when the notification issued, the approval is not valid for funds collected during that year and no certificate for exemption of donations under Section 35AC(1) will be issued for that year.

Exemption under section 35AC extended for Sri Ramakrishna Ashrama projects, preserving approved project cost and eligibility.
The notification maintains designation of the orphanage and tribal hostel and the computer training centre operated by Sri Ramakrishna Ashrama, Kayanmkulam, as an eligible project under the Explanation to section 35AC for an additional one year beginning with financial year 2008-09, following a recommending finding of proper execution under the Income tax Rules, and confirms no change in the previously approved cost of Rs. 1.08 crore.

Exemption under section 35AC extended for collaborative socio economic development project by Shri Saibaba Sanstha Trust.
Exemption under section 35AC is extended to "Development of integrated socio economical health, education and essential facilities" by Shri Saibaba Sanstha Trust (Shirdi) for a further three years beginning with financial year 2008-09, following the National Committee's recommendation under rule 11M and without any change in the previously approved project cost of Rs. 75.00 crore.

Section 35AC exemption extended for Savitaben Shah hospital project, maintaining its eligible project status under government notification.
The Central Government, under the Explanation to Section 35AC, notifies the hospital scheme run by Smt. Savitaben Ramanlal Dahyalal Shah and Sarvajanik Hospital & Prashutigruh Trust as an eligible project for a further three-year period beginning with the stated financial year, without any change to the previously approved cost and corpus fund, following a recommendation by the National Committee for the Promotion of Social and Economic Welfare confirming proper execution.

Exemption under section 35AC extended for a charitable school project, maintaining prior approved costs and eligibility.
Exemption under section 35AC is extended to the "Muktangan" Balwadi and school project by Paragon Charitable Trust as an eligible scheme for a further three years beginning with the financial year 2008-09, on the National Committee's recommendation and without any change in the previously approved recurring expense and corpus fund amounts.

Tax exemption under section 35AC extended for specified cancer care and vocational projects by Global Cancer Concern India.
Central Government notification extends tax-exempt status for the specified projects-vocational training; education for a destitute child; outreach cancer care; detection camps; and palliative therapy-carried out by Global Cancer Concern India for a further three years beginning with financial year 2008-09, on the National Committee's recommendation and without any change in the approved cost of Rs. 47.19 crore.

Section 35AC exemption: project cost ceiling for Gramin Vikas Trust rainfed farming schemes increased by notification amendment.
The Central Government specifies two rainfed farming schemes carried out by a rural development trust as eligible projects and amends the earlier notification to replace the previously specified maximum allowable project cost with a higher capped amount, thereby changing the maximum project cost eligible for deduction under the Income-tax Act provision for those specified schemes.

Exemption under section 35AC extended for housing facility project, maintaining eligibility and approved cost unchanged for an additional period.
Central Government notified continuation of the Income-tax exemption under section 35AC for the project "Housing facility for doctors, nurses and essential staff and instruments, equipments and furniture" by Kai Mohan Thuse Netra Rugnalaya, Narayangaon, declaring it an eligible project for a further period beginning with financial year 2008-09, with the approved cost unchanged and the existing corpus fund retained, under the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC.

Exemption under section 35AC: eligible disability empowerment project's tax-exempt status extended for a further three-year period.
The Central Government notifies the scheme Enhancing socio-economic status of Disabled at Ahmednagar District, Maharashtra by NASEOH as an eligible project for tax exemption under section 35AC and, on committee recommendation and satisfaction with execution, extends that eligibility for a further three years from financial year 2008-09 without changing the previously approved project cost and corpus fund.

Exemption under the Income-tax provision extended for People for Animals project, maintaining prior cost approval and eligibility.
Exemption under section 35AC of the Income-tax Act is extended to the People for Animals scheme-covering maintenance of animal hospitals or shelters, purchase of medicine, feed, ambulances and animal awareness programmes-for a further three-year period beginning with financial year 2008-09, without any change to the previously approved project cost, following the National Committee's recommendation under the Income-tax Rules that the project is being executed properly.

Tax exemption under Section 35AC extended for voluntary sector capacity building project after statutory recommendation.
The Central Government has notified an extension of eligibility for the "Project for capacity building of voluntary sector" by SOSVA Training and Promotion Institute for a further three years beginning with financial year 2008-09, pursuant to the Income-tax Act exemption and a recommendation by the National Committee, and expressly maintains the previously approved project cost without change.

Section 35AC exemption extended to corpus fund for charitable trust, preserving eligibility for tax-favoured donations.
Central Government has notified the "Corpus fund for Siva Sakhti Sathya Sai Charitable Trust" as an eligible project under Section 35AC of the Income-tax Act, extending eligibility for a further three years beginning with the specified financial year, without any change in the approved project cost of Rs. 800.00 lakh, pursuant to the recommendation of the National Committee for the Promotion of Social and Economic Welfare and the powers under sub-section (1) read with clause (b) of the Explanation to Section 35AC.

Tax exemption under Section 35AC extended for Akshar centre project, preserving prior approval and project cost.
Pursuant to a recommendation by the National Committee for Promotion of Social and Economic Welfare, the Central Government has notified an extension of eligibility under Section 35AC for the "Akshar centre for hearing impaired" project carried out by Akshar Trust for a further three years beginning with the 2008-09 financial year, without any change to the previously approved project cost of Rs. 62.61 lakh.