Notification: 2760
Section(s) Referred: s. 10(23G) ,r. 2E(7)
Statute: INCOME TAX
Date of Issue: 7/12/2000
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 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 undertakings approved are–
(i) 106 mw. power plant in Samayanallur, Madurai District, Tamil Nadu, by Balaji Power Corporation Pvt. Ltd., 76, Bazullah Road, T. Nagar, Chennai-600 017 (F.No. 205/48/2000-ITA-II).
(ii) 2 x 500 mw. Vindhyachal Super Thermal Power Project, Stage-II, Madhya Pradesh; 400 mw. Kayamkulam Combined Cycle Power Project, Kerala; 2 x 210 mw. Feroz Gandhi Unchahar Thermal Power Project, Stage-II, Uttar Pradesh; 400 mw. Faridabad Gas Based Power Project, Haryana; 2 x 500 mw. Simhadri Super Thermal Power Project, Andhra Pradesh and 4 x 500 mw. Talcher Super Thermal Power Project, Stage-II of National Thermal Power Corporation Ltd., NTPC Bhawan, Scope Complex, 7, Institutional Area, Lodhi Road, New Delhi-110 003
(F.No. 205/70/2000-ITA-II).
[Notification No. 1157/F.No. 205/48/2000-ITA-II and 205/70/2000-ITA-II]
