Industrial park approval: tax-benefit eligibility tied to infrastructure investment, unit thresholds, operator obligations and compliance.
The Central Government notifies M/s. Rajasthan State Industrial Development & Investment Corporation Limited's undertaking as an industrial park at StonePark, Jodhpur, subject to annexure conditions: 100% allocable industrial area, minimum 30 units, specified investment and commencement date; minimum infrastructure expenditure not less than 50% of project cost (60% if built-up space provided); no single unit to occupy more than 50% of allocable area; statutory approvals required separately; tax benefits available only after the minimum units are located; operator must continue to operate the park; transfers require intimation and agreement; approval invalidated for misinformation or unapproved amendments.

Appointment of Commissioner of Customs authorized to exercise adjudicatory powers in specified Mangalore Refinery cases.
The Central Board of Excise and Customs appoints and authorizes the Commissioner of Customs, Mangalore, under sub section (1) of section 4 and sub section (1) of section 5 of the Customs Act, 1962, to exercise the powers and discharge the duties of the officers specified in the Table for adjudication of the matters and show cause notices listed therein concerning M/s Mangalore Refinery and Petrochemicals Limited.

Appointment of Adjudicating Authority: Commissioner of Customs(Exports) authorised to adjudicate specified Show Cause Notices for exporters.
Appointment of the Commissioner of Customs (Exports), Jawahar Custom House, to act as Commissioner of Customs (Exports), Air Cargo Complex, Sahar, Mumbai, and authorised to exercise the powers and discharge the duties under the Customs Act for adjudicating Show Cause Notices issued against M/s Rahul Exports, M/s Deepak Impex and others by the investigating agency.

Jurisdiction amendment substitutes a prior year reference to extend authority over M/s Sagar Electronics under Customs Act powers.
Amendment substitutes the earlier year reference with the subsequent year in Notification No. 71/2006-Customs (N.T.) to extend jurisdiction in respect of M/s Sagar Electronics, effected under section 4(1) and section 5(1) of the Customs Act, 1962 by official amendment.

Accounting Standards require companies and auditors to apply prescribed standards in preparation of general purpose financial statements.
The Central Government prescribes Accounting Standards and requires every company and its auditor(s) to apply them in preparing General Purpose Financial Statements; Accounting Standards 1-7 and 9-29 take effect for accounting periods commencing on or after publication. The rules define key terms including Small and Medium Sized Company and set eligibility conditions and a two period qualification requirement before SMCs may claim exemptions or relaxations.

Advisory Board constitution under foreign exchange law notified, superseding prior notice and appointing specified judicial members.
An Advisory Board is constituted under the Conservation of Foreign Exchange and Prevention of Smuggling Activities Act, 1974 by a Central Government notification, superseding a prior notification and appointing specified judicial members for a one year term; the supersession preserves effects of actions taken or omitted before it and the notification states the date on which the new constitution takes effect.

Special Economic Zone notified to enable a private developer to establish IT and ITES facilities under the SEZ regulatory framework.
Central Government, exercising powers under the Special Economic Zones Act and rules and following grant of a letter of approval and satisfaction of statutory pre conditions, notifies the specified survey parcels at Village Silokhera, Gurgaon as a Special Economic Zone to enable a private developer to set up information technology and information technology enabled services facilities.

Special Economic Zone designation: Gachibowli land notified for IT/ITES following statutory approval and boundary specification.
Notification designates 20.59 hectares at Village Gachibowli as a Special Economic Zone for information technology and IT enabled services, following grant of a letter of approval to M/s. CMC Limited; the area is identified as Survey Number 26 and delimited by specified physical boundaries.

VAT Schedule amendment: purchase concession granted to a charitable institution for a reconstruction project, subject to a specified cap.
Notification under section 103 amends the Sixth Schedule of the Delhi VAT Act by omitting "(106) USA" from Entry 1 effective 1 October 2006 and by inserting Entry 9 to permit Chetanalaya, 9-10 Bhai Vir Singh Marg, purchases for reconstruction of Mother Teresa's Home at Kashmere Gate up to a maximum of sixty five lakh rupees.

Amendment to Customs Notification updates the effective date for an exemption provision under section 25 of the Customs Act.
Substitution of the effective date in the proviso to clause (f) of the preamble of Notification No. 21/2002-Customs: the words and figures previously specifying an earlier commencement date are replaced by words and figures specifying a later commencement date, effected by Notification No.115/2006-Customs issued under sub section (1) of section 25 of the Customs Act, 1962.

Investor protection fund specification confirms UP Stock Exchange Investors Protection Fund qualifies under Section 10(23EA) of the Income tax Act.
Central Government specifies the UP Stock Exchange Investors Protection Fund at 14/113 Civil Lines, Kanpur, as an Investor Protection Fund for purposes of clause (23EA) of section 10 of the Income tax Act, 1961, recognising it as set up by Uttar Pradesh Stock Exchange Association Limited. The designation is made by notification No. 364/2006 dated 1 12 2006 under the powers conferred by the cited clause, recorded under F. No. 197/66/2002 ITA I.

Tariff value fixation for edible oils and brass scrap updated under Customs Act, affecting import valuation.
The Board, invoking authority under the Customs Act, substitutes the existing tariff-value Table in Notification No.36/2001-Cus (N.T.) with a new Table listing tariff values in US dollars per metric tonne for specified edible oils and brass scrap; most values are retained as noted and the substituted schedule governs customs valuation and related non-tariff administration for the listed import commodities.

Special Economic Zone notification designates land at Attipra for IT/ITES under SEZ Act authority following approval.
Notification declares a Special Economic Zone at Village Attipra for information technology and information technology enabled services, notifying a contiguous area comprising specified survey parcels totaling 12.55 hectares. The Central Government, exercising powers under the Special Economic Zones Act and following grant of a letter of approval, records that statutory prerequisites are satisfied and sets out the survey numbers with their area extents and physical boundary descriptions for the SEZ.

Foreign institutional investors allowed to use portfolio management services after amendment permitting registered sub-accounts to engage portfolio managers.
The amendment substitutes the existing eligibility provision to provide that registered foreign institutional investors and their sub-accounts may avail the services of a portfolio manager, with the change taking effect upon publication in the Official Gazette.

Industrial Park approval conditions allow undertaking to qualify for tax benefits subject to infrastructure, unit and compliance requirements.
The Central Government notifies the undertaking of M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur, as an Industrial Park under clause (iii) of sub-section (4) of section 80-IA, subject to conditions including specified location and area, a minimum number of industrial units, prescribed minimum infrastructure expenditure thresholds, provision of common facilities, separate regulatory approvals for investments, continued operation by the undertaking, and consequences for misinformation, non-compliance, transfer reporting, delayed commencement, or unauthorized project amendments.

Industrial Park approval conditions determine eligibility for tax incentives subject to infrastructure, allocation, and compliance requirements.
Notification designates the undertaking developed and operated by M/s. Rajasthan State Industrial Development & Investment Corporation Limited, Jaipur as an Industrial Park for claiming incentives under the income tax provision, subject to approval conditions specifying location, area, allocable land proportions, minimum unit count, infrastructure investment thresholds, and commencement date; tax benefits are conditional on adherence to these requirements, separate statutory approvals for foreign investment, continued operation by the sponsor or formal notified transfer, and risk invalidation for misrepresentation, undisclosed material facts, unauthorized project amendments, or non compliance.

Research donation approval enables donor tax deduction subject to audited research accounts and auditor certification.
M/s. The Foundation for Medical Research, Mumbai is approved as an other institution partly engaged in research, enabling donor deductions, subject to maintaining separate research accounts, submitting audited Income & Expenditure accounts for each approved year by the return due date or within ninety days of notification (whichever is later), and furnishing an auditor's certificate specifying amounts received for deductible scientific research and certifying that expenditure was for scientific research.

Research donation approval requires separate research accounts and auditor certification to secure donor deduction eligibility, with filing compliance required.
Approval was granted to Fluid Control Research Institute as an other institution partly engaged in research for the purposes of section 35, subject to conditions: maintain separate accounts for approved research; submit audited Income & Expenditure accounts for each approved financial year to the jurisdictional income tax officer by the return filing due date or within ninety days of the notification, whichever is later; and furnish an auditor's certificate specifying amounts received that qualify donors for deduction and certifying that the expenditure was for scientific research.

Approval under Section 35(1)(ii): research association status requires separate accounts, audited filing and auditor certification.
Vision Research Foundation, Chennai is approved as a scientific research association subject to maintaining separate research accounts, submitting audited Income & Expenditure accounts for each approved financial year to the tax exemption authority by the return filing due date or within ninety days of notification, and enclosing an auditor's certificate specifying amounts eligible for donor deduction and certifying that expenditures were for scientific research.

Tax Return Preparer Scheme certifies individuals to prepare and file returns, with regulated duties, records and prescribed incentives.
The Tax Return Preparer Scheme, 2006 creates a certification and oversight regime whereby eligible individuals may have income tax returns prepared and filed by certified Tax Return Preparers; it prescribes educational and age qualifications, a Partner Organisation model for enrollment, training and testing, issuance of a certificate and unique identification number, duties and recordkeeping for preparers and taxpayers, an incentive and fee structure tied to processed returns, and supervisory powers for the Resource Centre and the Board including suspension or cancellation of certificates for specified misconduct or deficiencies.