Notification No. 94/2004-Income Tax Dated 11/3/2004

Notification No. 94 of 2004, dt. 11th Mar., 2004

 

It is notified for general information that the enterprise/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, with effect from the Asstt. Year 2002-03.

2. The approval is subject to the conditions that –

(i) the enterprise/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/undertaking:-

(a) ceases to carry on the eligible business as defined in Explanation (b) to Rule 2E of I.T. Rules, 1962; or

(b) fails to maintain books of account and get such accounts audited by an accountant as required by sub-rule

(6) of rule 2E of the Income-tax Rules, 1962; or

(c) fails to furnish the audit report as required by sub-rule (6) of rule 2E of the Income-tax Rules, 1962.

3. The enterprise/undertaking approved is –

M/s Essar Power Ltd, 14, Essar House, 11, K.K. Marg, Mahalaxmi, Mumbai-400034 (Maharashtra) for their 515 MW Combined Cycle Power Plant at Hazira, Gujarat. (F.No.205/12/98-ITA-II)(Vol.1).

File No.205/12/1998-ITA.II (Vol.I)