Notification No. : 104
Date of Issue: 2/5/2002
Section(s) Referred : s. 10(23g)
[Notification No. S.O. 1715, dated 2nd May, 2002.]
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 2002-2003, 2003-2004 and 2004-2005.
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 approved is 335 mw. liquid fuel based power generation project at Kondapalli IDA, Krishna Dist. (AP) by Lanco Kondapalli Power Limited, Lanco House, 141 Avenue, 8, Banjara Hills, Hyderabad-500 034 (F.No. 205/94/99/ITA-II-Vol. I)
[Notification No. 104/2002/F.No. 205/94/99/ITA. II-Vol. I]