Tax exemption under section 35AC: Navajyoti Centre project specified eligible for deduction for a further period.
The Central Government re-specifies the Navajyoti Centre project for construction, equipment, furnishing and a corpus fund as an eligible project under section 35AC, following the National Committee's recommendation that execution is proper, and extends its period of eligibility for a further three years commencing with the stated assessment year, maintaining the project cost and corpus parameters set in the notification.

Exemption under section 35AC: Integrated rural development project specified as eligible, extending tax-exempt status for an additional period.
The Central Government specifies an exemption under section 35AC for the Integrated Rural Development project carried out by PHD Rural Development Foundation in ten villages of Tijara and Nimrana Blocks, Alwar, Rajasthan, and extends its eligibility as an eligible project for a further two-year period commencing with the assessment year 2002-2003, based on the National Committee's recommendation and satisfaction with project execution.

Exemption under section 35AC: extension of eligibility for a Primary Health Centre project, continuing tax benefit.
The Central Government specifies the project of construction, furnishing and equipment of a Primary Health Centre at Kufri, Himachal Pradesh, carried out by PHD Rural Development Foundation, as an eligible project for income tax exemption under section 35AC for a further two year period commencing with the assessment year 2002 2003, following the National Committee's recommendation under rule 11M and noting the project's estimated cost.

Section 35AC eligibility extended for hospital construction and ambulance equipment project, permitting further tax-exempt donations under the scheme.
Central Government specifies extension of tax-exempt status under Section 35AC for construction of a hospital extension and purchase of ambulance equipment for Shri Nandlal Mulji Bhuta Medical Foundation, Sihor, Gujarat; the National Committee recommended further specification after finding the project properly executed, and the scheme is specified as eligible for a further three years commencing with the assessment year 2002 2003.

Exemption under section 35AC: charitable outreach project specified as eligible for extended tax-exempt status period
The Central Government specifies the Ishwar Eye Institute's rural outreach project in neighbouring villages of Uttar Pradesh, Haryana and Rajasthan as an eligible scheme for Income Tax exemption for a further three-year period, following a National Committee recommendation under the Income-tax Rules that the project is being properly executed and is likely to continue beyond the original term; the notification also records an estimated project cost and a correction to the institutional name.

Section 35AC exemption extended for rehabilitation centre project, specified as eligible for a further three year period.
The Central Government, under Section 35AC of the Income tax Act, specifies the Blind Men's Association's project for construction of a rehabilitation, medical and human resource development centre for blind and disabled persons at Bareja, Ahmedabad, as an eligible project. Following the National Committee's recommendation under sub rule (5) of rule 11M that the project is being properly executed, the specification is extended for a further three years commencing from the assessment year 2002 2003, with the estimated project cost and corpus fund noted.

Exemption under section 35AC: approved projects and capped deductible costs for defined assessment periods.
The Central Government approves specified companies' projects as eligible for deduction under the Income-tax Act's exemption under section 35AC, identifying each project, its estimated cost and the maximum portion of that cost allowable as a deduction, and limits the period of validity for those approvals to defined assessment years as set out in the notification.

Section 35AC exemption: approved institutions and projects with specified deductible project cost ceilings for a limited period.
The notification approves specified charitable and social welfare institutions and designates particular projects as eligible for deduction under section 35AC, specifying for each project an estimated cost and the maximum portion of that cost allowable as a deduction. The approvals cover capital and running costs for activities such as medical services, rehabilitation, education, rural infrastructure and community development, and the notification limits its operation to a defined three year assessment period while incorporating later amendments to certain entries.

Exemption under section 35AC: specification of Navjeevan Blind Relief Centre projects as eligible for tax-deduction for an additional three-year period.
Specification under section 35AC designates Navjeevan Blind Relief Centre's projects-free school and hostel for destitute and rural blind children, a rural geriatric block, a primary health centre for rural poor and children, and a community kitchen and dining hall at Tiruchanur-as an eligible project or scheme and extends that specification for a further three years beginning with the assessment year 2002-2003, following a National Committee recommendation confirming proper execution.

Exemption under section 35AC extended for construction and running of two schools, permitting deductions for related recurring expenses.
The Central Government re-specifies, under section 35AC, the project consisting of construction and running of two schools and associated recurring expenses by Sri Ramakrishna Tapovanam as an eligible project for a further three-year period, following the National Committee's recommendation that the scheme is being executed properly and pursuant to the powers in the Explanation to section 35AC and rule 11M procedures.

Avoidance of double taxation: bilateral framework allocating taxing rights and PE rules between India and Austria.
Bilateral Convention to avoid double taxation and prevent fiscal evasion on income taxes between India and Austria: applies to residents and specified taxes, defines residency and tie breakers, sets permanent establishment criteria with inclusions/exclusions and agency rules, allocates taxing rights for immovable property, business profits (attributable to PE on an arm's length basis), shipping/air transport, dividends, interest, royalties/fees and capital gains, prescribes methods for elimination of double taxation (exemption or credit), non discrimination, mutual agreement procedure, and exchange of information subject to secrecy and public policy exceptions; Protocol clarifies immovable property taxation, minimum head office deduction, partnership treatment, permissible PE tax rate differentials and data protection safeguards.

Foreign investment cap increase allowed - Indian company may raise preset limit to sectoral ceiling after board and special resolutions.
The amendment permits an Indian company to increase the prescribed foreign investment limit of 24 percent up to the applicable sectoral cap or statutory ceiling by first passing a resolution of its Board of Directors and subsequently passing a special resolution of its General Body; this substitutes the proviso to Schedule 2, paragraph (1), sub paragraph (4) of the FEMA (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 and takes immediate effect under powers conferred by the Act.

Eligibility for Global Depository Receipts expanded to include knowledge-based sector companies for employee-focused share issuances.
Amendment permits Indian companies in specified knowledge-based sectors to issue Global Depository Receipts against ordinary shares to non-resident and resident permanent employees (including working directors) and to subsidiaries, provided eighty percent of turnover in the three preceding financial years is from those sectors or, for diversified companies, an alternative export-earnings eligibility threshold is met, subject to government-prescribed eligibility conditions and operational guidelines.

Inland container depot designation: Bhusawal added for import unloading and export loading under Customs Act powers.
The Central Government, under clause (aa) of section 7 of the Customs Act, 1962, amends Notification No.12/97 Customs (N.T.) by inserting a new entry (ix) in the Table for Maharashtra that designates Bhusawal as an inland container depot authorised for unloading of imported goods and loading of export goods, as set out in Notification No.43/2001 Customs (N.T.) dated 18 September 2001.

Appointment of Commissioner to adjudicate a specified Customs show cause notice against Honda Siel Cars India Ltd.
The Central Government, under section 4(1) of the Customs Act, 1962, appoints the Commissioner of Customs, Kandla to act as Commissioner of Customs for Kolkata, Mumbai and Nhava Sheva for the sole purpose of adjudicating the show cause notice dated 17 November 2001 issued to M/s Honda Siel Cars India Ltd, by notification No. 42/2001-Customs (N.T.) dated 18 September 2001.

Tribunal recruitment framework: deputation preference with specified qualifications, age limits, probation and reservation safeguards applied.
Prescribes a structured recruitment regime for Securities Appellate Tribunal posts, setting classifications, pay scales and primary methods of appointment-principally deputation/absorption from Central/State Government services and courts/tribunals, with promotion channels and direct recruitment only where deputation or promotion is not available. Specifies educational and experience qualifications, age limits, probationary periods, initial constitution provisions crediting prior service, disqualification on certain marital statuses subject to exemption, a power to relax rules by the Central Government, and preservation of statutory reservations and concessions.

Jurisdiction of income-tax authorities: delegation to Joint Commissioners and Joint Directors to exercise Assessing Officer powers in authorised domains.
The Central Board of Direct Taxes directs that Joint Commissioners of Income-tax and Joint Directors of Income-tax shall exercise the powers and functions of Assessing Officers in respect of territorial areas or persons or classes of persons or incomes or classes of income or cases or classes of cases for which they are authorised by the Commissioner of Income-tax, as specified in the referenced Commissioner notifications, with the notification effective from date of publication in the Official Gazette.

Delegation of jurisdiction: Directors General assume the income-tax powers and functions of specified Commissioners and Directors.
The Central Board of Direct Taxes directs that designated Directors General shall exercise the powers and perform the functions in respect of the territorial areas, persons, classes of persons, cases or classes of cases, and incomes or classes of income in respect of which the specified Commissioners or Directors of Income-tax previously had jurisdiction; the notification identifies the Exemptions and International Taxation divisions, lists corresponding Directorates and headquarters, and supersedes earlier notifications on the same subject.

Renewal of recognition for a stock exchange under SCRA grants a one-year authorization subject to regulatory conditions.
SEBI grants renewal of recognition to Mangalore Stock Exchange Limited under Section 4 of the Securities Contracts (Regulation) Act, 1956 for one year commencing September 9, 2001 and ending September 8, 2002, in respect of contracts in securities, subject to conditions as may be prescribed or imposed hereafter.

Tax deduction administration: designated commissioners empowered to oversee TDS functions and delegate authority across specified metropolitan areas.
The notification designates Commissioners of Income-tax for Delhi, Mumbai, Chennai and Kolkata to exercise powers and functions relating to deduction and collection of tax under the provisions governing tax deduction at source, in respect of specified classes of persons resident, carrying on business, or registered in the stated territorial areas. It authorises Commissioners to delegate these powers in writing to Joint Commissioners, and Joint Commissioners to further delegate to Assessing Officers. The measure partially supersedes an earlier notification for the specified entries and takes effect from Gazette publication.