Notification: S. O. 2
Section(s) Referred: 10(23G)(3)
Statute: INCOME TAX
Date of Issue: 20/12/1999
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 1999-2000, 2000-2001, 2001-2002. 2. The approval is subject to the condition that- (i) the enterprises/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 is 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) 210 mw. Stage IV, Panipat Thermal Power Project of Haryana Power Generation Corporation Ltd., Shakti Bhawan, Sector 6, Panchkula-134109 (F. No.205/35/98-ITA-II). (ii) Cellular Mobile Telephone Service in Mumbai of BPL Mobile Communication Ltd., System House, Palakkad, Kerala-678007, under the license agreement No.842-17/93-TM, dated November 30, 1994, between the President of India, acting through Director (TM-1), Department of Telecommunication and BPL Systems and Projects Limited (F.No.205/58/98-ITA-II). (iii) Cellular Mobile Telephone Service in Calcutta of Usha Martin Telecom Limited, 11, Dr.U.N.Brahamchari Street, Calcutta-700017, under the license agreement No.842-23/93-TM, dated November 30, 1994, between the President of India, acting through Director (TM-1), Department of Telecommunication and Usha Marin Telecom Limited (F. NO.205/89/99-ITA-II). (iv) Construction of a two lane bridge across river Watrak including its approach near village Kehad at Km 33/430 to 42/180 in Ahmedabad-Vadodara section of NH No.8 under BOT basis by L&T Western India Tollbridge Ltd., Mount Poonamallee Road, Manapakkam, P.O. Box No.979, Chennai-600 089, under the agreement dated March 1, 1999, amongst Government of India, Government of Gujarat and Larsen and Toubro Limited (F.No.205/173/99-ITA-II).