Notification No : 50
Date of Issue : 26/2/2002
Section(s) Referred : s. 10(23g)
Notification No. S.O. 933, dated 26th February 2002.
It is notified for general information that enterprise, listed at para. (3) below have been approved by the Central Government for the purpose of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962, for the assessment years 2002-2003, 2003-2004 and 2004-2005.
2. The approval is subject to the condition that-
(i) the enterprise/industrial undertakings will conform to and comply with the provisions of section
10(23G) of the Income-tax Act, 1961, read with rule 2E of the Income-tax Rules, 1962;
(ii) the Central Government shall withdraw this approval if the enterprise/industrial undertaking:
(a) ceases to carry on infrastructure facility; or
(b) fails to maintain books of account and get such accounts audited by an accountant as required by sub-rule (7) of rule 2E of the Income-tax Rules, 1962; or
(c) fails to furnish the audit report as required by sub-rule (7) of rule 2E of the Income-tax Rules, 1962.
3. The enterprise approved is–Gujarat Powers General Energy Corporation Ltd., 6th Floor, “Chankya” Off Ashram Road, Ahmedabad-380 009 for their project 655 m.v. Dual Fuel Combined Cycle Power Plant at Paguthan Village in the District of Gujarat (F. No. 205/43/98/ITA. II-Vol. I),
[Notification No. 50/2002/F. No. 205/43/98/ITA. II Vol. I]