Notification No.331/2003 – Income Tax Dated 28/11/2003

Notification No. :   331

Section(s) Referred :  section 10(23G)

Date of Issue :  28/11/2003

Notification No : 331 Date of Issue : 28/11/2003

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 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 Ashoka Vastushilp Pvt Ltd, 1/2, River View, Gharpure Ghat, Ashok Stambh, Nasik-422002 for their project of construction of Railway Over Bridge on NH-6, near Village Nashirabad, Distt. Jalgaon, Maharashtra on Build, operate and transfer (BOT) basis as per agreement dt. 16th November, 1998 amongst Government of India , Government of Maharashtra, Asnok Buildcon Private Limited and Ashoka Vastushilp Private Limited (F. No 205/110/99-ITA-II (Vol.1)

F.No.205/110/99/ITA.II (Vol.I)