Notification No. : 82
Section(s) Referred : s. 10(23G)
Date of Issue : 16/4/2003
Notification No. 82 of 2003, dt. 16th April, 2003
It is notified for general information that enterprise/industrial undertaking, listed at para (3) below has 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 2001-02, 2002-03 & 2003-04.
2. The approval is subject to the condition that-
(i) the enterprise/industrial undertaking will conform to arid 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/industrial undertaking approved is-M/s Kakinada Seaports Ltd. (formerly Cocanada Port Company Private Limited), East India Chambers, 3rd Floor, 3, Village Road, Nungambakkam, Chennai-600034 for their project of operation and management of three existing berths along with the construction, operation and management of a fourth berth lo be added later at Kakinada Port in Andhra Pradesh.
[F.No. 205/37/2000-ITA-II]
