Notification No : 172
Section(s) Referred : s. 10(23G)
Date of Issue : 14/7/2003
Notification No. 172 of 2003, dt 14th July, 2003
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 2002-2003, 2003-2004 and 2004-2005.
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-M/s Noida Toll Bridge Company Limited, Sector 15-A, Noida, Near Apeejay School, Noida UP-201301 and C/o. IL&FS., India Habitat Centre, Core IV-B, Fourth Floor, Lodi Road, New Delhi for their project Delhi-Noida Bridge by linking Maharani Bagh with Sector 15A-16A of Noida area.
[F.No. 205/23/98-ITA-II]
