Notification: 11188

Section(s) Referred: s. 10(23G) ,r. 2E ,r. 2E(7)

Statute: INCOME TAX

Date of Issue: 30/12/1999

It is notified for general information that the enterprises/industrial undertakings, listed at para (3) below have 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(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 :

(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/industrial undertakings approved are :

(i) Cellular Mobile Telephone Service in Rajasthan of M/s Hexacom India Limited, C-148, Naraina Industrial Area, Phase-1, New Delhi-110028, under the license agreement No. 842-63B/95-VAS dated 16th September, 1996, between President of India, acting through Director (VAS-II), Department of Telecommunication and M/s Hexacom India Limited. (F. No. 205/167/99-ITA-II)

(ii) 19.2 MW power plant consisting of four Gen. Sets using heavy fuel or furnace oil of M/s Kirloskar Power Supply Co. Ltd., Laxmanrao Kirloskar Road, Khadki, Pune-411003. (F. No. 205/175/99-ITA-II)

(iii) 227 MWs Short Gestation liquid fuel based power project at Bhimavaram and Jaggammagaripeta villages of Peddapuram and Samalkot Mandals, East Godavari District, Andhra Pradesh of M/s NCC Power Corporation Private Ltd., Nagarjuna Hills, Hyderbad-500082. (F. No. 205/171/99-ITA-II)

(iv) 359 MW Naphtha based power plant at Peddapuram, East Godavari District, Andhra Pradesh of M/s Gautami Power Private Limited, II Floor, KPR House, S.P. Road, Secunderabad-500003 (F. No. 205/179/99-ITA-II)

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