Notification No         :      94
Section(s) Referred       :       section 10(23G)
Date of Issue          :       11/3/2004
Notification No. 94 of 2004, dt. 11th Mar., 2004

 

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.

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/undertaking approved is –
M/s Essar Power Ltd, 14, Essar House, 11, K.K. Marg, Mahalaxmi, Mumbai-400034 (Maharashtra) for their 515 MW Combined Cycle Power Plant at Hazira, Gujarat. (F.No.205/12/98-ITA-II)(Vol.1).
File No.205/12/1998-ITA.II (Vol.I)

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