Follow Us :
Notification: 1755
Section(s) Referred: s. 10(23G) ,r. 2E(7)
Statute: INCOME TAX
Date of Issue: 13/7/2000
It is notified for general information that the 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) 208 mw. duel fuel based combined cycle power plant at Kakinada, Andhra Pradesh by Spectrum Power Generation Ltd., 6-28 and 6-29, Near L. B. Nagar Municipal Office, Saroornagar, Hyderabad-500 035 (F. No. 205/ 22/2000-ITA-II)
(ii) 118.63 mw. diesel based power project at Ratlam, Madhya Pradesh by GVK Power (Ratlam) Pvt. Ltd., Kohinoor Road, No. 1, Banjara Hills, Hyderabad-500 034 (F. No. 205/27/2000-ITA-II)
[Notification No. 11442/F. No. 205/22/2000-ITA-II and 205/27/2000-ITA-II]

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Post by Date
March 2024
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031