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Notification: S. O. 1543
Section(s) Referred: s. 10(23G)
Statute: INCOME TAX
Date of Issue: 25/5/1999
It is notified for general information that enterprise, 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 1999-2000, 2000-2001 and 2001-2002.
2. The approval is subject to the condition that–
(i) the enterprise 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:
(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 require
d by sub-rule (7) of rule 2E of the Income-tax Rules, 1962.
3. The enterprises approved are as under:
(i) 695 mw base load combined cycle power station a project at Dabhol in the State of Maharashtra to be constructed by Dabhol Power Company, 611 Midas, Sahar Plaza, Mathurdas Vassanji Road, Andheri (E), Mumbai-400 059 (F. No. 205/88/99-ITA-II).
(ii) Project of construction of a new 600 meters quay length container terminal at Navi Mumbai under a Build-operate and Transfer Licence Agreement signed by Nhava Sheva International Container Terminal Ltd., Darabshaw House, level-1, Narottam Morarji Road, Ballard Estate, Mumbai-400 038 (F. No. 205/20/98-ITA-II).
(iii) Project in respect of 2 x 125 mw lignite based power plants at Nani Naroli, Distt, Surat in the State of Gujarat to be undertaken by Gujarat Industries Power Co. Ltd., P.O. Petrofils-391347, Distt. Baroda (F. No. 205/68/98-ITA-II).
(iv) Project of construction of a major bridge across Wain Ganga River and its approaches in km. 491/0 of Nagpur-Raipur section of NH-6 under BOT Scheme by Jayasawal Ashoka Infrastructure Pvt. Ltd., F-8, MIDC, Hingana Road, Nagpur-440016 (F. No. 205/90/99-ITA-II)
[Notification No. 10935/F. No. 205/68/98 and others]
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