Section(s) Referred: s. 10(23G) ,s. 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 enterprise/industrial undertakings approved are —
(i) improvement to Ahmednagar—Karmala Road, S. H. 141, km. 0/000 to 80/600 on BOT basis by Ashoka Info Pvt. Ltd., 1/4, River View, Ashok Stambha, Nasik-422 002, under the agreement dated February 19, 1999, and supplementary agreement dated June 14, 1999, between the Government of Maharashtra and Ashoka Info Pvt. Ltd. (F.No.205/161/99-ITA-II).
(ii) 2 x 210 mw. Vijaywada Thermal Power Station, Stage-3, 2 x 210 mw. Rayalaseema Thermal Power Plant, Stage-I and 2 x 250 mw. Kothagudem Thermal Power Plant, Stage-V of Andhra Pradesh Power Generation Corporation Ltd., Vidyut Soudh, Hyderabad. (F. No. 205/163/99-ITAII).
[Notification No. 11516/F. No. 205/161/99 and 205/163/99-ITA-II]