Notification: 11516
Section(s) Referred: s. 10(23G) ,r. 2E(7)
Statute: INCOME TAX
Date of Issue: 25/9/2000
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) improvement to Ahmednagar-Karmala Road, S.H. 141, Km 0/000 to 80/600 on BOT basis by M/s Ashoka Info Pvt. Ltd. 1/2, River View, Ashok Stambha, Nashik-422002, under the agreement dt. 19th Feb., 1999 and supplementary agreement dated 14th June, 1999 between Government of Maharashtra and Ashoka Info Pvt. Ltd. (F. No. 205/161/99-ITA-II)
(ii) 2×210 MW Vijaywada Thermal Power Station, Stage-3, 2×210 MW Rayalaseema Thermal Power Plant, Stage-I and 2×250 MW Kothagudem Thermal Power Station Stage-V of M/s Andhra Pradesh Power Generation Corporation Ltd., Vidyut Soudh, Hyderabad. (F. No. 205/163/99-ITA-II)
[F. No. 205/161/99 & 205/163/99-ITA-II]
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