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Notification No : 350
Section(s) Referred : section 10(23G)
Date of Issue : 16/12/2003
Notification No : 350 Date of Issue : 16/12/2003
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 2000-2001, 2001-2002 and 2002-2003.
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 Ashoka Infra Pvt Limited, Plot No. 417/418/419, Market Yard, Gultekadi, Pune-411037 for their project of construction of Major bridge across river Krishna near Sheri Nallah on the Sangli by-pass road and its approaches with toll rights on Build, Operate and Transfer (BOT) basis as per agreement dt.23.03.99 between Government of Maharashtra, M/s Ashoka Buildcon Pvt Ltd and M/s Ashoka Infra Pvt Limited (F.No. 205/2/2001-ITA-II).
F.N0.205/2/2001/ITA.II
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