Notification: 2761
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 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 2000-2001, 2001-2002 and 2002-2003.
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 is–1 mw. wind farm power project at Perungudi Village, Tirunelveli District, Tamil Nadu, of K.A. Infrastructure Ltd., 617, Anna Salai, Chennai-600 006 (F.No. 205/128/99-ITA-II).
[Notification No. 11572/205/128/99-ITA-II]
