Section(s) Referred: s. 10(23G) ,r. 2E ,r. 2E(7)
Statute: INCOME TAX
Date of Issue: 18/8/1999
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 conditions that :
(i) the enterprise will conform to and comply with the provisions of section 10(23G) of the IT 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 :
03 MW Vajra Fall Hydro Electric Project at Salambe Village, Shahpur Taluka, Distt. Thane, Maharastra of M/s Vindhyachal Hydro Power Ltd., Empire House, 3rd Floor, 214, Dr. D.N. Road, Fort, Mumbai.
[F. No. 205/129/99-ITA-II]