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Notification: 1540
Section(s) Referred: s. 10(23G) ,r. 2E(7)
Statute: INCOME TAX
Date of Issue: 26/6/2000
It is notified for general information that enterprises 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 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 :
(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 approved are :
(i) Cellular Mobile Telephone Service in local area served by Madras Telephone District, Maraimalai Nagar Export Processing Zone (MEP 2), Minzur and Mahabalipuram by Skycell Communication Limited, under the license Agreement No. 841-19/93-TM, dated 30-11-1994 between the President of India, acting through Director (TM-1), Department of Telecommunication and Skycell communication Private Limited. (F. No. 205/ 4/2000-ITA-II)
(ii) 166 mw. Naphtha Gas based Combined Cycle Power Plant at village Kesorai Patan, Near Kota, Rajasthan by Chambal Power Limited, 1-A-9 (S. F. S.) Talwandi, Kota, Rajasthan-324005. (F. No. 205/7/2000-ITA-II).
[Notification No. 11410/F. No. 205/4/2000-ITA-II and 205/7/2000-ITA-II]
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