Exemption under section 35AC extended for Sankar Foundation hospital project, prolonging eligibility for further assessment years.
The Central Government, exercising powers under the Explanation to section 35AC, specifies that Sankar Foundation's purchase of equipment and operation of hospital projects at Visakhapatnam is an eligible project for a further two assessment years commencing from assessment year 2002-2003, extending the earlier three-year designation beginning with assessment year 1999-2000, following the National Committee's recommendation under rule 11M that the project is being properly executed.

Exemption for charitable hospital project extended; eligibility renewed for additional assessment years by central government after committee recommendation.
The Central Government, acting under the Explanation to the Income tax Act and following a recommendation by the National Committee, specifies the Karuna Setu Trust's scheme of running a hospital, purchasing equipment and providing welfare activities at Vadnagar, Mehsana District, Gujarat, as an eligible project for tax exemption for a further three assessment years commencing from assessment year 2002-2003, at the estimated project cost including a corpus fund.

Tax exemption notification requires charitable foundation to apply income exclusively and meet specified investment and compliance conditions.
Notification designates the Padmashri Dr. Vithalrao Vikhe Patil Foundation as notified under sub-clause (vi) of clause (23C) of section 10 for specified assessment years, conditioned on applying or accumulating income wholly and exclusively to its objects, restricting investments to permitted modes, treating business income as incidental only if separate books are maintained, filing returns regularly, and transferring surplus assets on dissolution to a charitable organisation with similar objects.

Exemption under section 35AC extended for specified special education centre; project cost revised upward by notification.
Section 35AC exemption for the Shishu Sarothi Spastics Society's Guwahati centre for special education is extended for a further three years from the assessment year 1999 2000 following a National Committee recommendation that execution is proper and the project will extend beyond six years; the notification concurrently amends the earlier specification by increasing the notified project cost.

Exemption under Section 35AC extended for rural outreach eye care scheme, allowing eligible donations to qualify for deduction.
Specifies under Section 35AC the project "Gift of Vision, Phase II" by Sri Kanchi Kamakoti Medical Trust, Coimbatore, as an eligible project or scheme for tax exemption for a further three year period commencing assessment year 2001 2002, following the National Committee's recommendation based on proper execution; describes project scope and estimated cost.

Exemption under Section 35AC extended for Sankar Foundation hospital project by Central Government for further assessment years.
Central Government specifies Sankar Foundation's purchase of equipment and running of hospital projects at Visakhapatnam as an eligible project for exemption under section 35AC; the National Committee recommended extension after finding the project properly executed, and the Government, exercising powers under the Act, extends the specification for a further two assessment years commencing with the assessment year 2002-2003.

Exemption under section 35AC: extension granted for Karuna Setu Trust's hospital scheme for additional assessment years.
The Central Government specified and extended under section 35AC the Karuna Setu Trust's project of running a hospital, purchasing equipment and conducting welfare activities at Vadnagar, Mehsana District, Gujarat, as an eligible project for a further three assessment years commencing from assessment year 2002-2003, following the National Committee's recommendation and noting the project's estimated cost including a corpus fund.

Tax exemption under section 35AC approves specified charitable projects and caps allowable deductions for three institutions for three assessment years
Under section 35AC the Central Government approves specified charitable institutions and their projects as eligible for deduction, specifies estimated project costs and sets the maximum portions of those costs allowable as deductions; the notification lists three institutions with their respective project descriptions and maximum deductible cost amounts and is effective for a three-year period in relation to the designated assessment years.

Tax exemption notification conditions require exclusive application of income, restricted investments, separate accounting for incidental business.
Notification recognizes Maharashtra Gandhi Smarak Nidhi, Pune under section 10(23C)(iv) for specified assessment years subject to conditions: income must be applied or accumulated exclusively for its objects; investments restricted to forms specified in section 11(5) (voluntary contributions held as jewellery or furniture excepted); business profits excluded unless business is incidental and maintained in separate books; regular filing of income-tax returns required; and on dissolution surplus and assets must transfer to a charitable organisation with similar objectives.

Income-tax exemption under section 10(23C)(vi) granted to a trust subject to prescribed application and investment conditions.
Notification under section 10(23C)(vi) designates St. Xaviers Education Trust, Mumbai, for exemption for assessment years 1999-2000 to 2001-2002 subject to conditions: apply income wholly to objects, invest only in permitted modes, treat business income as taxable unless incidental with separate books, file returns regularly, transfer surplus and assets on dissolution to a similar charitable organisation, and align investments with the modes specified in sub-section (5) of section 11 by the stipulated deadline.

Exemption under section 10(23C)(vi) granted to St. Xavier's Education Trust subject to income application, investment and accounting conditions.
Notification grants income-tax exemption under sub-clause (vi) of clause (23C) of section 10 to St. Xavier's Education Trust, Mumbai for assessment years 1999-2000 to 2001-2002 on conditions that income be applied exclusively to its objects, investments be made only in permitted modes (with limited exceptions for voluntary contributions in movable items), business income be incidental and separately accounted, regular income-tax returns be filed, surplus on dissolution be transferred to a like charitable organisation, and investments conform to permitted modes by the stated cut-off.

Charitable exemption: notification grants tax recognition to a child welfare council subject to application, investment and reporting conditions.
Notification under clause (23C)(iv) of section 10 recognises the West Bengal Council for Child Welfare, Calcutta for assessment years 2000-2001 to 2002-2003 subject to conditions: income must be applied or accumulated exclusively for its objects; investments limited to permitted forms except certain voluntary contributions retained as jewellery or furniture; business income excluded unless incidental and accounted separately; returns must be regularly filed; on dissolution surplus and assets must go to a charitable organisation with similar objectives.

Customs exemption for nuclear power project imports subject to Department of Atomic Energy certification and specified state regulatory conditions.
A new customs exemption (entry 338A) covers goods for setting up nuclear power projects listed in List 34 with capacity of 440 MW or more, certified by a Department of Atomic Energy officer not below Joint Secretary. Condition 80A requires certification, that the power purchasing State has a tariff fixing Regulatory Commission, undertakes privatization of large city distribution as directed by the Ministry of Power, and provides recourse to Central Plan allocations for outstanding power payments; CPSU imports require CMD certification of quantity, value, description and specifications. List 34 names the qualifying projects.

Anti-dumping duty withdrawal on Bisphenol-A follows final finding of no causal link to domestic industry injury.
Withdrawal of the provisional anti-dumping duty on Bisphenol-A is directed because the designated authority's final finding, while confirming dumping and injury, did not establish a causal link between the dumped imports from the European Union and Taiwan and the injury suffered by the domestic industry; the Central Government, relying on those final findings and the statutory anti-dumping rules, withdraws the levy of the provisional anti-dumping duty on Bisphenol-A.