Notification No         :      284
Date of Issue           :      11/11/2003
Notification No : 284 Date of Issue : 11/11/2003

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 th£ audit report as re-quired by sub-rule (7) of rule 2E of the Income-tax Rules, 1962.
(d) fails to begin generating power by 31.3.2006.

3. The enterprise/industrial undertaking approved is –

M/s Vemagiri Power Generation Ltd, 1005, 10th Floor Dalamal Towers, 211, Free Press Colony, Journal Marg, Nariman Point, Mumbai-400021 for their project 520 MW gas based power project at Vemagiri, East Godavari District, Andhra Pradesh (F.No 205/5/2002-ITA-II)

F.N0.205/5/2002/ITA.II                                                          

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Category : Income Tax (25057)
Type : Notifications (15213) Notifications/Circulars (30084)

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