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Notification: 56
Section(s) Referred: s. 10(23G) ,r. 2E(7)
Statute: INCOME TAX
Date of Issue: 5/3/2001
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) Basic Telephone Service in Rajasthan of M/s Shyam Telelinks Limited, A-60, Naraina Industrial Area Phase-I, New Delhi-110028 under the license agreement No. 17/16/95-BSII/Rajasthan dt. 4th March, 1998, between President of India, acting through Deputy Director General (Basic Services), Department of Telecommunication and M/s Telelink Network (India) Limited. (F. No. 205/51/2000/ITA.II)
(ii) 220 MW Combined Cycle power project at Vetlapalem Village, Samalkot Mandol, East Godavari District, Andhra Pradesh of M/s BSES Andhra Power Ltd., Campus Capri Apartments, 6-3-1090/A, Rajbhavan Road, Somajiguda, Hyderabad-500082 (F. No. 205/11/2001/ITA.II).
[F. No. 205/51/2000-ITA-II & 205/11/2001/ITA.II]
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