Circular No. 552-Income Tax dated 9-2-1990

SECTION 44BBB l SPECIAL PROVISIONS FOR COMPUTING PROFITS
AND GAINS OF FOREIGN COMPANIES ENGAGED IN THE
BUSINESS OF CIVIL CONSTRUCTION, ETC., IN
CERTAIN TURNKEY POWER PROJECTS

416. Approval of Central Government of certain turnkey power projects

1.  The provisions contained in section 44BBB of the Income-tax Act, 1961 refer to approval of certain turnkey power projects by the Central Government.

2. It is clarified that an approval issued by the Deptt. of Power in the Ministry of Energy shall be deemed to be the approval of the Central Government for the purposes of section 44BBB of the Income-tax Act.

Circular : No. 552, dated 9-2-1990.