Notification: 10935
Section(s) Referred: s. 10(23G) ,r. 2E ,r. 2E(7)
Statute: INCOME TAX
Date of Issue: 25/5/1999
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 1999-2000, 2000-2001 and 2001-2002.
2. The approval is subject to the condition that—
(i) the enterprise will conform to and comply with the provisions of section 10(23C) 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 enterprises approved are as under :
(i) 695 MW Base Load Combined Cycle Power Station Project at Dabhol in the State of Maharashtra to be constructed by M/s Dabhol Power Company, 611 Midas, Sahar Plaza, Mathurdas Vassanji Road, Andheri (E), Mumbai-400059 (F. No. 205/88/99/ITA.II).
(ii) Project of construction of a new 600 meters quay length container terminal at Navi Mumbai under a Build-operate and Transfer Licence Agreement signed by M/s Nhava Sheva International Container Terminal Ltd., Darabshaw House, Level-1, Narottam Morarji Road, Ballard Estate, Mumbai-400038 (F. No. 205/20/98/ITA.II).
(iii ) Project in respect of 2xl25 MW Lignite Based Power Plants at Nani Naroli, Distt. Surat in the State of Gujarat to be undertaken by M/s Gujarat Industries Power Co. Ltd. P.O. Petrofils—391347—Distt. Baroda (F. No. 205/68/98/ITA.II).
(iv) Project of construction of amajor bridge across Wain Ganga River and its approaches in KM 491/0 of Nagpur—Raipur section of NH-6 under BOT Scheme by M/s Jayasawal Ashoka Infrastructure Pvt. Ltd., F-8, MIDC, Hingna Road, Nagpur-440016 (F.No. 205/90/99/ITA.II).
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