Notification: S. O. 2065
Section(s) Referred: s. 10(23G)
Statute: INCOME TAX
Date of Issue: 13/7/1999
It is notified for general information that enterprise, 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 1999-2000, 2000-2001 and 2001-2002.
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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 required by sub-rule (7) of rule 2E of the Income-tax Rules, 1962
3. The enterprise approved is a project / industrial undertaking by the name of the Suratgarh Thermal Power Station (Unit I and II of Phase I) of the Rajasthan State Electricity Board, Vidyut Bhavan, R. C. Dave Marg, Jaipur-302 005.
[Notification No. 10999/F. No. 205/34/98-ITA-II]