Notification No : 347
Date of Issue : 21/11/2002
Section(s) Referred : s. 10(23G)
Notification No. 347 of 2002, dt. 21st Nov., 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 2002-2003, 2003-2004 and 2004-2005.
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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 GMR Tambaram Tindivanam Expressways (P) Ltd., 6-3-866/868, Lane Opp to Greenlands Guest House, Begumpet, Hyderabad–500016 for their project of strengthening of the existing 4 lanes from Km 28/0 to Km 67/0 and widening of the existing 2 lanes from Km 67/0 to Km 121/0 to 4 lane dual carriageway and strengthening thereof on BOT basis.