Section(s) Referred: s. 10(23G) ,r. 2E ,r. 2E(7)
Statute: INCOME TAX
Date of Issue: 11/4/2000
It is notified for general information that enterprises/industrial undertakings, listed at para (3) below have 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 1999-2000, 2000-2001 and 2001-2002.
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 enterprises/industrial undertakings approved are—
(i) 20 MV Hydel Power Project at Kabini River Dam Site in Heggadadevana Kote Taluk, Mysore District, Karnataka by M/s Subhash Kabini Power Corporation Ltd., 8/2, Ulsoor Road, Bangalore (F. No. 205/192/99-ITA-II)
(ii) 2 x 260 MW Coal fired thermal power project at Ramagundam, Distt. Karimnagar, Andhra Pradesh of M/s BPL Power Projects (AP) Ltd., 8-2-583/3, Road No. 9, Banjara Hills, Hyderabad – 500034. (F. No. 205/15/2000-ITA-II)
(iii) Construction of Jetty/Wharf/Quay at port at Navinal Island, Mundra Taluk, Kachchh District, Gujarat by M/s. Adani Port Ltd., “Adani House”, Shrimali Society, N.R. Mithakali Circle, Navrangpura, Ahmedabad-380009, under the agreement dated 11th March, 1996 between Gujarat Maritime Board and M/s. Adani Port Ltd. (F.No. 205/17/2000-ITA-II)
(iv) Development of 185 MLD integrated water supply and sewage project involving (a) supply of potable water to wayside village, (b) supply of potable water to TM for domestic and non-domestic purpose, (c) offtake, treatment and disposal of sewage from TM, including low cost sanitation facilities within TM and (d) supply of potable water to industries in the service area on BOT basis by M/s. New Tirupur Area Development Corporation Ltd., 85, Santhome High Road, Chennai-600028, under the agreement dated 11th Feb., 2000 between the Government of the State of Tamil Nadu, Tirupur Municipality and New Tirupur Area Development Corporation Ltd. (F.No. 205/152/99-ITA-II)
(v) Construction of Sikar Byepass on NH 11 between km. 340/175 to Km. 356/965 and construction of Bharatpur Byepass from Bharatpur Mathura Road (km 4/553) to Bharatpur Jaipur Road on NH 11 (km 59/800) under BOT basis by M/s. MSK Projects (India) Ltd. Joint Venture, 707, Sterling Centre, R.C. Dutt Road, Baroda, under the agreements dated 19th Aug., 1998 between Government of Rajasthan and M/s. MSK Projects (India) Ltd. Joint Venture (F.No. 205/95/99-ITA-II)