Notification No. 21/2005, Dated 2-2-2005
It is notified for general information that approval to the enterprise/undertaking, listed at para (3) below has been renewed 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 with effect from the Assessment Year 2004-2005 to Assessment Year 2006-2007.
2. The approval is subject to the conditions that –
(i) the enterprise/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/undertaking:-
(a) ceases to carry on the eligible business as defined in Explanation (b) to Rule 2E of IT. Rules, 1962; or
(b) fails to maintain books of account and get such accounts audited by an accountant as required by sub-rule (6) of rule 2E of the Income-tax Rules, 1962; or
(c) fails to furnish the audit report as required by sub-rule (6) of rule 2E of the Income-tax Rules, 1962.
3. The enterprise/undertaking approved is-
M/s LVS Power Limited, 8-2-269/S/90, Road No.2, Sagar Co-Op Housing Society, Banjara Hills, Hyderabad-500034 for their 37.8 MW Power Plant at Gurrampalem Village, Pendurthy Mandal Vishakhapatnam District, Andhra Pradesh. (F.NO.205/59/2000/ITAII) (Vol.1).