Notification under section 10(23C)(v) confirms charitable trust's exemption status for the relevant assessment years by central government.
Notification under section 10(23C)(v) recognizes Sri Bala Murugan Devasthanam Trust, Ahmedabad for tax-exemption purposes under the Income-tax Act, exercising the Central Government's power under sub-clause (v) of clause (23C) of section 10. The recognition applies specifically to the assessment years 1987-88 and 1988-89, identifying the trust as eligible for the statutory exemption described in that provision.

Approval under section 35(1)(ii): institution treated as Association with conditions on accounts, annual returns and extensions.
Approval is granted to Dalmia Institute of Scientific and Industrial Research as an approved institution under section 35(1)(ii) in the category "Association", subject to maintaining separate accounts for research receipts, furnishing annual scientific activity returns by 31st May, submitting audited accounts and balance-sheet to the prescribed authority, CBDT and the Commissioner by 30th June, and applying for renewal to the Central Board at least three months before expiry.

Research institution approval under section 35(1)(ii) requires separate research accounts, annual returns and audited submissions.
Approval of Mothers of Research as an Institution under section 35(1)(ii) is conditional on maintaining separate research accounts, furnishing annual returns of scientific research activities by 31st May, submitting audited accounts and balance sheet to the prescribed authority, the central tax board and the concerned income-tax commissioner by 30th June, and applying for extension at least three months before expiry; late renewal applications may be rejected.

Excise exemption for forgings used in cycle parts requires off-site use and Chapter X procedural compliance.
An exemption was added making forgings and forged products of iron or steel Nil when used in manufacture of cycle and cycle-rickshaw parts and accessories, provided the use is elsewhere than the factory of production and the procedural requirements of Chapter X of the Central Excise Rules are followed.

Designation of Appellate Commissioners preserves continuity of appellate jurisdiction despite redesignation of income-tax authorities.
Designation of specified Commissioners of Income-tax (Appeals) in Calcutta directs that they shall continue to perform appellate functions in respect of the territorial areas, persons, incomes or classes of cases in which they were exercising jurisdiction immediately before this notification, and shall exercise powers over all orders against which appeals were pending prior to the notification notwithstanding redesignation of the underlying income-tax authorities; their functions remain subject to any future notifications or orders issued by the Board or the Chief Commissioner.

Exemption from income-tax on daily allowance ensures the Chairman's allowance and rent-free residence value are excluded from taxable salary.
Amendment inserts a daily allowance entitlement for the Chairman at the same rate as members of Parliament and substitutes section 10A to provide that, notwithstanding the Income-tax Act, the Chairman's daily allowance under section 3(1) shall be excluded from computation of his total income and the value of a rent-free furnished residence (including maintenance) provided under section 4(1) to an officer of Parliament shall be excluded from income chargeable under the head "Salaries".

Input credit for concessional-rate goods limited to concessional duty plus ad valorem allowance or normal duty, time-limited.
Credit for specified goods supplied at a concessional excise rate and received on or after 1 April 1988, when used as inputs in manufacturing, shall be allowed under rule 57B at the rate of duty applicable under the notification plus an ad valorem allowance, or at the duty otherwise applicable but for the notification, whichever is less; the provision does not apply to inputs received in any factory after 31 March 1989.

Rescission of notification under Central Excise Rules withdraws a prior exemption instrument issued by the revenue ministry.
The Central Government, invoking the executive power conferred by sub-rule (1) of rule 8 of the Central Excise Rules, 1944, issues a notification that expressly rescinds a prior exemption notification issued by the Ministry of Finance, Department of Revenue, thereby withdrawing that earlier exemption instrument under central excise law.

Charitable recognition under 10(23C)(iv) confirms Volkart Foundation's notification for tax-exempt status for stated assessment years.
Notifies Volkart Foundation, Bombay as a charitable institution recognized under 10(23C)(iv) by Central Government Notification No. S.O.1772 dated 30-3-1988 for the assessment years 1987-88 to 1988-89.

Control of income-tax subordinate officers clarified, setting hierarchical subordination and preserving appellate discretion; reporting lines specified.
The notification prescribes hierarchical subordination across the income-tax administration: senior offices report to the Central Board or to territorial Principal Directors General/Chief Commissioners as applicable; commissioners, appeal officers and successive officer grades are subordinate to the immediate higher authority within whose jurisdiction they perform functions or to any authority to whom that higher authority is subordinate; appellate discretion and case decision autonomy are expressly preserved.

Approval withdrawal for tax-exempt status under section 10(2)(xiii) results in lapse of prior perpetual approvals.
Approval for tax-exempt treatment under section 10(2)(xiii) is allowed to lapse with effect from 1-4-1988 for Bengal Tanning Institute, Tangra; Institute of Plan and Industry, Indore; and the Inter-Departmental Committee for collection of voluntary contributions for the plywood industry, terminating the perpetual approval originally granted by a 1946 notification.

Commencement date amendment alters effective date for Bill of Entry forms under Customs Act regulatory framework.
Amendment to the Bill of Entry (Forms) Regulations, 1987 substitutes in regulation 1(2) the figures, letters and words "1st day of April, 1988" with "1st day of July, 1988". The Bill of Entry (Forms) Amendment Regulations, 1988, issued by the Central Board of Excise and Customs under section 157 read with section 46 of the Customs Act, 1962, is dated 30 March 1988 and comes into force on that date.

Validity extension of central excise exemption notifications with differing replacement expiry dates for two prior notifications.
The Central Government, exercising powers under sub rule (1) of rule 8 of the Central Excise Rules, 1944, directs amendment of Notification Nos. 462/86 and 463/86 by substituting the figures, letters and words denoting the expiry dates in paragraph 2 of each notification, thereby extending and altering the respective validity periods of those notifications.

Customs exemption amendment expands covered aid sources to include additional international aid programmes and extends validity.
Amendment broadens the customs exemption by inserting additional international aid sources into the definition of Multilateral aided projects in paragraph 1 and condition No. 5, and substitutes the terminal date in paragraph 2 to extend the notification's period of operation.

Customs notification amendment expands exempted oil and gas equipment scope, revises listed services and extends the expiry deadline.
Amendment revises a customs exemption notification under sub section (1) of section 25 of the Customs Act by adding contractual inclusion for Government of India, Oil India Limited and a foreign oil company, substituting updated descriptions for exempted specialised oil and gas equipment and telemetry/telecommunication systems in the annexed table, and extending the notification's expiry date by textual substitution.

Extension of Exemption Notifications under Customs Act extends validity to a later date for three customs notifications.
The Central Government, invoking powers under the Customs Act and satisfied of public interest, amends Notifications 514/86-Customs, 515/86-Customs and 516/86-Customs by substituting the figures, letters and words comprising the earlier expiry date in paragraph 2 of each notification with a later date, thereby extending the validity of the miscellaneous exemption notifications.

Auxiliary duty amendment removes a scheduled customs-tariff exemption entry, altering tariff treatment and coming into force in April.
The amendment omits Sl. No. 40 from the Schedule to Notification No. 89/88-Cus., thereby withdrawing the related auxiliary duty exemption. It is promulgated under powers conferred by the Customs Act and the provisional force of a clause of the Finance Bill, 1988, and is declared to come into force on 1st April, 1988.

Customs notification amendment inserts a new exemption schedule entry, altering auxiliary duty coverage and specifying commencement.
Amendment inserts a new serial entry into the Schedule of Notification No. 87/88-Customs, referencing an earlier customs notification, under powers derived from the Customs Act and applicable finance-legislation provisions given effect through the provisional collection mechanism, and prescribes a commencement date for the insertion to take effect.

Customs duty exemption amendment replaces duty reference with First Schedule designation and extends the exemption period.
The Central Government amends Notification No. 513/86-Cus by substituting the opening paragraph to reference "the whole of the duty of customs leviable thereon which is specified in the First Schedule to the Customs Tariff Act, 1975" in place of the prior wording, and by extending the notification's expiry date to a later specified date; the substitution provision comes into force on 1 April 1988.

Extension of notification validity under Customs Act prolongs exemption notification period for specified customs notifications.
The Central Government, exercising power under the Customs Act and citing public interest, amends Notification No. 242/86-Customs by substituting the originally specified expiry date in paragraph 2 with a later date, thereby extending the period of operation of the exemption notification.