Sponsored
Notification: 241
Section(s) Referred: s. 10(23G) ,r. 2E(7)
Statute: INCOME TAX
Date of Issue: 16/1/2001
It is notified for general information that 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 2001-2002, 2002-2003 and 2003-2004.
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 enterprises/industrial undertakings approved are–
(i) 3 MW Lodhana Hydro Electric Project in the district of Darjeeling, West Bengal by Nippon Power Ltd., 10A, Jackson Lane, Calcutta-700 001 (F. No. 205/60/2000-ITA-II).
(ii) Cellular Mobile Telephone Service in Chennai of RPG Cellular Services Limited, 5th Floor, Spencer Plaza, 769, Anna Salai, Chennai, under the licence agreement No. 842-21/93-TM, dated 30-11-94, between President of India, acting through Director (TM-I), Department of Telecommunication and Mobile Telecom Services Limited (F. No. 205/56/2000-ITA-II).
(iii) 126 MW Larji Hydro Electric Project and 22.5 MW Ghanvi Hydro Electric Project at Himachal Pradesh of Himachal Pradesh State Electricity Board, Vidyut Bhawan, Shimla-4 (F. No. 205/137/99-ITA-II).
[Notification No. 11/2001/205/60/2000-ITA-Il]
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
