Notification No : 303
Date of Issue : 21/11/2003
Notification No : 303 Date of Issue : 21/11/2003
1. 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 2000-2001, 2001-2002 and 2002-2003.
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 Mahakali Flyover Limited, Jog Centre, 28/1, Mumbai-Pune Road, Wakewadi, Pune-411003 for their project of construction of six lane, 1453 M long flyover covering three junctions viz. Bahar, Gold Spot and Andheri-Kurla on the Western Express Highway, Mumbai on BOT basis.
(F. No 205/19/2000-ITA-II).