Industrial Park approval enables tax benefits subject to infrastructure, unit-count, operation continuity and transfer compliance requirements.
Notification designates the undertaking developed by M/s. Rajasthan State Industrial Development & Investment Corporation Limited as an Industrial Park under clause (iii) of sub section (4) of section 80 IA, subject to terms including exclusive industrial allocable area, minimum unit occupancy, specified infrastructure and investment thresholds, infrastructure definition, prohibition on single unit occupation exceeding fifty per cent, requirement to secure statutory approvals, developer's obligation to operate the park during the benefit period, transfer notice procedures, and grounds for invalidation or withdrawal of approval for non compliance.

Industrial Park designation under income-tax law conditions tax benefits on infrastructure, unit thresholds, approvals and transfer rules.
Notification designates M/s. Rajasthan State Industrial Development & Investment Corporation Limited's Growth Centre at Khara as an Industrial Park under Section 80-IA(4)(iii), subject to annexed terms: specified area and unit minimums, infrastructure investment thresholds and eligible infrastructure, limits on single-unit occupation, separate statutory approvals, condition that tax benefits apply only after the minimum units locate in the centre, continuous operation by the corporation while benefits are availed, transfer reporting requirements, and invalidation/withdrawal consequences for nondisclosure, misinformation, unauthorised amendments or non-compliance.

Industrial Park Notification: Growth Centre approved for tax benefits subject to infrastructure, operational and compliance conditions.
The Central Government notifies the Growth Centre developed and operated by M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, as an Industrial Park for purposes of clause (iii) of sub-section (4) of section 80-IA, subject to specified terms: defined location, area, allocable industrial and commercial percentages, minimum units, and investment. Conditions include minimum infrastructure expenditure thresholds, definition of infrastructure, a cap on any single unit's industrial area, requirement to secure statutory approvals, tax benefits contingent on establishment of the minimum units, continuity of operation by the notifier, transfer notification requirements, and invalidation or withdrawal of approval for misinformation, nondisclosure, unauthorised amendments, or noncompliance.

Industrial Park designation requires specified units, infrastructure thresholds and compliance before tax benefits become available.
Central Government notifies the Rajasthan State Industrial Development & Investment Corporation Limited's Growth Centre Palsana as an Industrial Park under clause (iii) of sub section (4) of section 80 IA. Approval specifies site area, industrial and commercial allocable percentages, minimum number of units, investment and infrastructure commitments, and a commencement date. Eligibility for tax benefits requires meeting the minimum unit threshold and infrastructure expenditure minima (50% of project cost or 60% where built up industrial space is provided). Conditions include a single unit occupancy cap, requirement for separate statutory approvals, operator continuity, transfer notification, and invalidation/withdrawal for misinformation, undisclosed material facts, unauthorised plan amendments or non compliance.

Industrial park designation under Section 80-IA enables tax benefit eligibility subject to specified infrastructure, unit and compliance conditions.
Notification under Section 80-IA(4)(iii) designates M/s. G. Laxmi Devi, Hyderabad, as an industrial park eligible for specified income-tax benefits, subject to the annexed terms. The annexure prescribes project particulars (location, area, permitted NIC-coded activities), allocable area percentages for industrial and commercial use, minimum unit count and investment figures. Mandatory infrastructure-investment thresholds and a definition of qualifying infrastructure are imposed. Entitlement to tax benefits requires establishment of the minimum units and continued operation by the applicant; delays, transfers, misinformation, undisclosed material facts, unauthorized amendments or noncompliance can invalidate or prompt withdrawal of approval.

Industrial park approval enables tax incentives subject to prescribed infrastructure, allocation, operational and compliance conditions.
Notification designates M/s. Kanyakumari Builders Private Limited's undertaking as an Industrial Park under clause (iii) of sub-section (4) of section 80IA, conditional on specified location, area allocation with a majority for industrial use, a minimum number of units, prescribed investment and infrastructure expenditure thresholds, and defined infrastructure components. Tax benefits depend on actual establishment of required units and continued operation by the undertaking. Approval may be invalidated for misrepresentation, nondisclosure, duplicate approvals, unauthorized project amendments, or delayed commencement without fresh scheme approval, and transfers of operation require formal intimation with the transfer agreement.

Income exemption under Section 10(23C)(iv) applies to donations received for the specified benevolent fund subject to compliance.
Income received by any person on behalf of the Tamil Nadu Ex-Services Personnel Benevolent Fund is not to be included in the recipient's total income under Section 10(23C)(iv), conditioned on exclusive application or limited accumulation of income, permitted modes of investment, incidental-business treatment with separate books, regular income-tax return filing, audited accounts with prescribed audit report, and transfer of surplus on dissolution to a like-minded organization; the exemption applies only to receipts on the Institution's behalf and may be rescinded if conditions are not met.

Exemption for income received on behalf of a charitable institution remains subject to application, investment, audit, and dissolution conditions.
Income received by any person on behalf of the Council for Advancement of People's Action and Rural Technology shall not be included in that person's total income under Section 10(23C)(iv), subject to conditions: income must be applied or properly accumulated for the Institution's objects with limited accumulation, investments must be in forms permitted by section 11(5), business income is excluded unless incidental and separately maintained, regular income-tax returns must be filed, an accountant's audit report furnished, and on dissolution assets must transfer to a like-minded organization. The notification applies only to receipts on behalf of the Institution and is effective for assessment years from 1999-2000 onward and may be rescinded for noncompliance.

Income exemption under Section 10(23C)(v) applies to donations for the National Spiritual Assembly if prescribed conditions are met.
Income received by any person on behalf of the National Spiritual Assembly of the Bahai's of India shall not be included in such person's total income subject to conditions: exclusive application or limited accumulation of income for institutional objects; permitted modes of investment; business income exempt only if incidental with separate books; regular filing of returns; audit by a qualified accountant with prescribed report; and transfer of surplus on dissolution to a like-object organization.

Tax exemption under Section 10(23C)(iv) exempts income received on behalf of a welfare fund subject to compliance.
Notification grants tax exemption under Section 10(23C)(iv) for income received by persons on behalf of the Haryana Amalgamated Fund for the Welfare of Ex-Servicemen, subject to application or permissible accumulation of income for its objects, investment only in modes allowed by section 11(5), exclusion of business income unless incidental with separate books, regular return filing and prescribed audit, transfer of surplus on dissolution to similar organizations, applicability from the stated assessment year onward, and rescindment if activities are not genuine or conditions are breached.

Customs exemption for wheat introduced, establishing nil basic and additional duty for specified tariff entries.
The notification amends the principal Customs notification by omitting clause (h), inserting proviso clause (iab) to cover goods at new serial No. 18AA from a stated future date, adding Table entry 18AA for tariff items 1001 10 90 or 1001 90 20 (Wheat) carrying Nil basic and additional duty, and omitting S.No.18A and its entries, issued under section 25(1) of the Customs Act.

Director identification number deadline extended, amending specified rules to postpone compliance timeframe upon Gazette notification.
Amendment substitutes the compliance date in the Director Identification Number Rules, 2006 by replacing "31st March 2007" with "30th June 2007" in the provisos to rules 4 and 6; the amendment takes effect on publication in the Official Gazette and leaves other provisions of the principal rules unchanged.

Durum and other wheat imports under specified Exim codes are placed in abeyance and allowed freely.
Importation of wheat under Exim Codes 10011090 (Durum Wheat: Other) and 10019020 (Other Wheat) is placed in temporary abeyance of the existing import control policy, allowing free imports of those items while the abeyance remains in force pursuant to an amendment under the Foreign Trade Policy 2004-09 and the enabling statute.

Section 35AC specification extends eligibility for a rural leprosy and TB centre and increases permissible project cost.
Specification under the Explanation to section 35AC designates the 30 bed Swami Vivekananda Integrated Rural Centre for elimination of leprosy and tuberculosis at Pavaguda Taluk, Tumkur, Karnataka, executed by Sri Ramakrishna Sevashram, as an eligible project for tax deduction for a further three year period commencing with the financial year 2007-08, and amends the earlier notification to increase the maximum project cost permitted for deduction under section 35AC.

Tax incentive project specification renews eligibility for construction of an eye care centre by a charitable trust.
The Central Government specifies the Construction of an Eye Care Centre in Jodhpur by Smt. Tarabai Desai Charitable Ophthalmic Trust as an eligible project under the Explanation to section 35AC, on the National Committee's recommendation under the rules, and, without change in the approved cost, extends that specification for a further period of three years commencing from the financial year 2006-07.

Specification under section 35AC extended for charitable welfare project for a further three-year period, retaining approved cost.
The Central Government specifies that Shri Baldevdas Charitable Trust's scheme for purchase of an ambulance, instruments and running welfare activities (medical aid/camps, distribution of foodgrain and clothes) is an eligible project under the Explanation to the Income tax Act for a further three year period commencing with the financial year 2007 08, retaining the previously approved aggregate cost including the corpus fund, following recommendation by the National Committee for Promotion of Social and Economic Welfare.

Eligible project specification under section 35AC extended for construction and operation of a home for challenged children.
Central Government re-specifies the project for construction and operation of a home for mentally and physically challenged children by the Society of Friends of Sassoon Hospital as an eligible project under the Explanation to section 35AC for a further three-year period commencing with the financial year 2007-08, without change in the approved cost of three crores including a corpus fund of two crores, on the recommendation of the National Committee under the Income-tax Rules, 1962.

Specification under Explanation to section 35AC extends tax eligibility for a nonprofit disability project for a further period.
The Central Government, upon recommendation of the National Committee under the Income-tax Rules, specified the ''Valley for the Disabled'' project carried out by Amar Seva Sangam at Ayikudy as an eligible project under the Explanation to section 35AC for a further three-year period commencing with the financial year 2007-08, reaffirming the approved scope of construction, purchase of books, vehicles and equipment, furnishing and running of the project without change in the approved cost.

Deduction under the Income-tax provision extended for an SNS Foundation welfare scheme and the allowable project cost increased.
The Central Government specifies an SNS Foundation welfare project in health, education and environment as an eligible project for tax deduction purposes for a further three financial years commencing 2007-08 and amends the earlier notification to increase the maximum project cost allowable for deduction following a National Committee recommendation.

Explanation to section 35AC: Project eligibility extended after committee recommendation, preserving the approved cost and conditions.
The Central Government, under the Explanation to section 35AC, specifies the scheme for Ecological Security and Livelihood as an eligible project for a further three years commencing from financial year 2006-07, following the National Committee's recommendation that the project is being executed properly, and preserves the previously approved cost without change.