Notification: 11571
Section(s) Referred: s. 10(23G) ,r. 2E(7)
Statute: INCOME TAX
Date of Issue: 7/12/2000
It is notified for general information that enterprises/industrial undertakings, 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 2001-2002, 2002-2003 and 2003-2004.
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) 106 MW Power Plant in Semayanallur, Madurai District, Tamil Nadu by M/s Balaji Power Corporation Private Ltd. 76, Bazullah Road, T. Nagar, Chennai-600017 (F. No. 205/48/2000-ITA-II).
(ii) 2 X 500 MW Vindhyachal Super Thermal Power Project, Stage-II, Madhya Pradesh, 400 MW Kayamkulam Combined Cycle Power Project, Kerala, 2 X 210 MW Feroze Gandhi Unchahar Thermal Power Project, Stage-II, Uttar Pradesh, 400 MW Faridabad Gas Based Power Project, Haryana, 2 X 500 MW Simhadri Super Thermal Power Project, Andhra Pradesh and 4 X 500 MW Talcher Super Thermal Power Project, Stage-II of M/s National Thermal Power Corporation Ltd., NTPC Bhawan, Scope Complex, 7, Institutional Area, Lodhi Road, New Delhi-110003 (F. No. 205/70/2000-ITA-II).
[F. No. 205/48/2000-ITA-II & 205/70/2000-ITA-II]
