Notification No : 168
Section(s) Referred : s. 10(23G)
Date of Issue : 8/7/2003
Notification No. 168 of 2003, dt. 8th July, 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 2003-2004, 2004-2005 and 2005-2006.
2. The approval is subject to the condition that-
(i) the enterprise/industrial undertaking 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/industrial undertaking approved is-M/s Ahmedabad Mehsana Toll Road Company Limited, Gandhinagar, having its registered office at Secretary, Roads and Building Department, Government of Gujarat, Block No. 14, Second Floor, Sachivalaya, Gandhi Nagar-380010 for their project to widening and strengthening of State Highway No. 41 between the cities of Ahmedabad and Mehsana on BOOT basis.
[F.No. 205/8/2000/ITA-II]
