Notification: S.O.1691
Section(s) Referred: s. 10(23g)
Statute: INCOME TAX
Date of Issue: 27/6/2001
Notification No. S.O. 1691, dated 27th June, 2001.
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 and 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/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 10 * 40 mw. Shree Maheshwar Hydro-electric Power Plant on river Narmada, village Mandleshwar, Distt. Khargone in Madhya Pradesh by Shree Maheshwar Hydel Power Corporation, “Avadh” Avadesh Parisar, G.K. Marg, Worli, Mumbai-400018 (F.No. 205/17/2001-ITA-II)
Notification No. 192/2001/F.No.205/7/2001-ITA-II.]
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