Sponsored
Notification No : 171
Section(s) Referred : s. 10(23G)
Date of Issue : 14/7/2003
Notification No. 171 of 2003, dt. 14th 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 Bangalore International Airport Limited (BIAL), MSIL House, 36, Cunningham Road, Bangalore-560052 for their project of developing an international airport at Devanahalli, Near Bangalore in the State of Karnataka.
[F.No. 205/59/2002 -ITA-I]
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
