Tax exemption under Section 35AC extended for an eligible poverty alleviation project for an additional three-year period.
The Central Government specifies the scheme "Poverty alleviation through capacity building, market support and micro-credit programme" by Development Initiative for Self-Help and Awakening (DISHA) as an eligible project for tax exemption under Section 35AC, and extends the project's eligibility for a further three financial years commencing with 2010-11, without change in the approved project cost, pursuant to rule 11M recommendations and the powers under the Income-tax Act.

Long-term infrastructure bond deduction limited by issuance, tenure, lock-in, PAN requirement, yield cap and end-use reporting.
Notification designates Long-term infrastructure bonds of India Infrastructure Finance Company Ltd. as eligible under Section 80CCF subject to conditions: restricted issuance tied to incremental infrastructure investments, defined investment types, minimum tenure with mandatory lock-in and permitted exit mechanisms, PAN submission by subscribers, a yield cap linked to comparable government securities reported by FIMMDA, and mandated end-use for infrastructure lending with auditor certification and specified reporting to the Infrastructure Division of the Department of Economic Affairs.

Section 35AC exemption extended for an eye hospital project, preserving its tax-deduction eligibility for three further financial years.
The Central Government extended specification of the project for construction, equipping and running of an eye hospital at MIDC, Miraj by Lions Comprehensive Eye Care Foundation as an eligible project or scheme for a further three-year period beginning with the financial year 2010 11, on the recommendation of the National Committee, and without any change to the approved project cost.

Scientific research approval requires use-restriction, audited accounts, and certified donation reporting as compliance conditions.
Approval for scientific research expenditure granted to Sisodia Educational, Medical & Charitable Society as an 'Other Institute' subject to conditions: funds must be used for scientific research carried out by faculty or students; separate books for research funds must be maintained and audited by a qualified accountant with the audit report furnished by the tax return due date; and an auditor-certified statement of donations and amounts applied to research must accompany the audit. The Government may withdraw approval for non-compliance, cessation of genuine research, or failure to furnish required records.

Exemption under Income-tax Act: eligible orphanage project specified and extended for a further three-year period.
The Central Government specifies the Kama Prayag Trust founding-cum-adoption centre project in Teynampet as an eligible project for Income-tax exemption for a further three-year period commencing from financial year 2010-11, without any change in the previously approved project cost including the corpus fund, following recommendation by the National Committee which was satisfied with the project's execution.

Scientific research approval requires audit compliance and genuine research activity for tax deduction eligibility.
Approval is granted to Maharashtra Rajya Draksha Bagaitdar Sangh, Pune as an approved organization under section 35(1)(iii) from assessment year 2010-2011, subject to conditions: use of sums for research in social sciences; research through faculty or enrolled students; maintenance of separate books of accounts for research receipts and expenditures, audited by a qualified accountant with the audit report furnished by the income-tax return due date; and a certified statement of donations and amounts applied for research to accompany the audit report. Approval may be withdrawn for failures to maintain accounts, furnish reports, cease genuine research activity, or otherwise non comply with the conditions.

Service tax exemption for marketing of lottery tickets applies where distributors opt into composition scheme; non opting distributors excluded.
Exempts persons marketing lottery tickets from service tax on the taxable service of marketing where the distributor or selling agent has availed the optional composition scheme under sub rule (7C) of rule 6 of the Service Tax (2nd Amendment) Rules, 2010; exemption does not apply to the value of services provided to distributors or selling agents who have not opted. "Distributor or selling agent" is defined by reference to clause (c) of rule 2 of the Lottery (Regulation) Rules, 2010 and includes those authorised by the lottery organising State.

Optional fixed rate service tax for lottery distributors: choice to pay prescribed lump sum per draw amount with an annual irrevocable election.
The amendment inserts sub rule (7C) permitting a distributor or selling agent of lottery services to opt to pay a prescribed lump sum amount per specified aggregate face value of tickets for a draw instead of service tax at the rate under section 66; two rate tiers are prescribed based on the lottery's guaranteed prize payout, online lotteries use aggregate tickets sold, and the annual option must be exercised within one month of the financial year's start and is irrevocable for that year.

Import policy of fish body oil: crude restricted; refined allowed if it meets specified quality and compositional limits.
The import schedule now classifies Fish Body Oil (Crude) as Restricted and permits import of Fish Body Oil (Refined) as Free provided it satisfies specified quality parameters: free fatty acids

Special Economic Zone designation for IT/ITES and BPO triggers constitution of an approval committee and ICD status.
Notification designates a Special Economic Zone at Kundalahalli, Karnataka for IT, ITES, BPO and electronic hardware, detailing notified survey parcels totaling 10.72 hectares; records grant of a letter of approval for development, operation and maintenance under the Special Economic Zones Act; constitutes an Approval Committee with specified ex officio members and a developer special invitee; and declares the SEZ to be deemed an Inland Container Depot under the Customs Act from the appointed commencement date.

Ministerial nomination power expanded to permit nomination of additional persons to SEBI membership under amended service rules.
Amendment inserts clause (e) into rule 3(5) of the Securities and Exchange Board of India (Terms and Conditions of Service of Chairman and Members) Rules, 1992, permitting the Minister of Finance to nominate up to two additional persons; the change is made under section 29 of the SEBI Act and comes into force on publication in the Official Gazette.

De-notification of Special Economic Zone: Central government rescinds Hazira engineering SEZ notification, subject to prior actions.
The Central Government, having received developer proposals and letters of approval and being satisfied that statutory requirements and related conditions under the SEZ legislative framework and Rules are fulfilled, rescinds the earlier notification for the sector specific Hazira engineering SEZ while preserving actions done or omitted prior to rescission.

De-notification of SEZ land removes a specified parcel from Handicraft SEZ designation after regulatory approval.
The Central Government de-notifies 10 hectares (Khasra 10/2) at Village Kaparda, Jodhpur from the sector-specific SEZ for Handicraft after the developer's proposal, administrative satisfaction of statutory prerequisites and issuance of a letter of approval under the SEZ legislative and regulatory framework, thereby removing that parcel from the previously notified SEZ.

Investor Education and Protection Fund committee constituted to administer the fund, supplanting prior notification and appointing members.
Constitution of a committee to administer the Investor Education and Protection Fund under powers conferred by sub section (4) of section 205C of the Companies Act, 1956, superseding notification S.O. 539(E). The notification prescribes the committee's membership-including the Secretary, Ministry of Corporate Affairs as Chairman, representatives of the Reserve Bank of India, SEBI, a national stock exchange, professional institutes and industry bodies-and appoints a Joint Secretary as Convener. Members shall hold office for a two year term from the date of publication.

Settlement Commission procedure amendments streamline application filing, evidence, reporting, paper-book rules and default proceedings.
Amendments revise definitions and procedures: broadened definition of Officer of the Commission, addition of superintendent; applications must be filed in person, by authorised representative, or by registered post and accompanied by self-attested challans evidencing payment; Commissioner must furnish seven copies of specified reports and paper books; parties must file seven indexed, certified paper books within prescribed periods; Commissioner must submit a further report within forty-five days (or extended period) and the Commission may proceed without reports or applicant comments if timelines expire; provision allows remaining bench member to function with approval where a member is unable to act.

Rescission of anti-dumping duty notification ends its continued operation while preserving actions taken before rescission.
Rescission of an earlier customs notification withdraws the continued application of an anti-dumping duty measure, exercised under powers of the Customs Tariff Act and anti-dumping rules, while expressly preserving actions taken or omissions made before the rescission.

Anti-dumping duty on narrow woven pile fabrics from China and Chinese Taipei extended to protect domestic industry.
Imposition and extension of anti dumping duty on narrow woven fabrics with pile weave made of manmade fibres from the People's Republic of China and Chinese Taipei, based on designated authority findings of continued dumping and material injury; specific duty rates are prescribed in the notification's Table for combinations of country of origin/export and are payable in Indian currency. The duty is effective for the statutory period unless earlier revoked or amended, and the rate of exchange for conversion is the notified rate applicable on the bill of entry date.

Additional protection for geographical indications extends to wines and spirits under the Geographical Indications Act notification.
The Central Government, exercising its statutory power to extend additional protection under the Geographical Indication regime, notifies that the goods listed in the Schedule are granted additional protection; the Schedule specifies that wines and spirits are extended such protection.

Rescission of tariff exemption for raw cotton removes prior customs duty relief, subject to actions already completed.
The Central Government, invoking statutory power under the Customs Act and acting in public interest, rescinds Notification No. 59/2010 that exempted raw cotton from customs duty; the rescission is prospective and preserves prior acts or omissions done before the rescission so those completed transactions remain governed by the earlier exemption.

Rescission of customs exemption for cotton waste withdraws duty-free treatment and restores ordinary import customs liabilities.
Rescission of a prior customs exemption removes duty-free treatment previously afforded to cotton waste, with the Central Government invoking statutory rescission power in the public interest and preserving actions or omissions done before the rescission; the notification withdraws the exemption and restores the standard customs regime for future imports.