Section(s) Referred: s. 10(23G) ,r. 2E ,r. 2E(7)
Statute: INCOME TAX
Date of Issue: 22/11/1999
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 2000-2001, 2001-2002 and 2002-2003.
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—
(i) 447 MW Conventional Combined Cycle Power Plant at Patalganga, Distt. Raigad, Maharashtra of M/s Reliance Patalganga Power Limited, Shree Ram Mills Premises, 3rd Floor, Ganpatrao Kadam Marg, Worli, Mumbai-420013.
[F No. 205/172/99-ITA-II]