Notification No. :  332

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

Date of Issue  :  28/11/2003

Notification No : 332 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 2003-2004, 2004-05 and 2005-06.

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 Information Technology Park Ltd, Whitefield Road, Bangalore, Kamataka for their project of development, maintenance and operation of Industrial Park at International Tech Park, Whitefield Road, Bangalore

(F. No 205/187/99/ITA-II (Vol.1)

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