Notification No         :      274
Section(s) Referred       :        Section 10
Date of Issue          :       1/11/2004
Notification No. 274 of 2004, dt. 1st Nov., 2004
Income Tax Notification No: 274 (01-Nov-04) Approval of enterprise/undertaking by the Central Government
It is notified for general information that the enterprise/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 with effect from the Asstt. Year 2002-03.
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2- The approval is subject to the conditions that –
(i) the enterprise/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/undertaking:-
(a) ceases to carry on the eligible business as defined in Explanation (b) to Rule 2E of I.T. Rules, 1962; or
(b) fails to maintain books of account and get such accounts audited by an accountant as required by sub-rule (6) of rule 2E of the Income-tax Rules, 1962; or
(c) fails to furnish the audit report as required by sub-rule (6) of rule 2E of the Income-tax Rules, 1962.
3. The enterprise/industrial undertaking approved is –
M/s OPG Energy Pvt. Ltd., No. 17, Mooker Nalla, Muthu Street, Chennai-600 001 for their 17.64 MW natural gas based collective captive power plant at Maruthur Village, Mayiladuthurai Taluk, Nagapattinam District, Tamil Nadu

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