Notification No. : 84
Section(s) Referred : s. 10(23G)
Date of Issue : 16/4/2003
Notification No. 84 of 2003, dt. 16th April, 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 & 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 New Tirupur Area Development Corporation Ltd., 85, Santhome High Road, Chennai 600 028 for their project of development of 185 MLD integrated water supply and sewage project involving (a) supply of potable water to wayside village, (b) supply of potable water to TM for domestic and non-domestic purpose, (c) offtake, treatment and disposal of sewage from TM, including low cost sanitation facilities within TM and (d) supply of potable water to industries in the service area on BOT basis.
[F.No. 205/152/1999-ITA-II]
