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Notification No : 266
Date of Issue : 19/9/2002
Section(s) Referred : s. 10(23G)
Notification No. 266 of 2002, dt. 19th Sept, 2002
It is notified for general information that enterprise/industrial undertaking, 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 enterprise/industrial undertaking approved is-M/s Rajahmundry Expressway Ltd., Punj Lloyd House, 17-18 Nehru Place, New Delhi-110019 for their project of developing, maintaining and operating of 4 lane carriageway from 200 km. to 253 km. on Vijayawada-Visakhapatnam section on National Highway No. 5 in Andhra Pradesh on BOT basis.
[F. No. 205/17/2002-ITA-II]
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