Notification No. : 308
Date of Issue : 22/10/2002
Section(s) Referred : s. 10(23G)
Notification No. 308 of 2002, dt. 22nd Oct, 2002
It is notified for general information that enterprise 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 2002-2003, 2003-2004 and 2004-2005.
2. The approval is subject to the condition that
(i) the enterprise 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
(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 approved is M/s Orissa Power Generation Corporation Limited, 6th Floor, Alok Bharati Office Complex, Sahib Nagar, Bhubaneswar-751007 for its project 2 x 210 MW (for units 3 & 4) of coal fired thermal power station in the 1b Valley area of Orissa.