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Notification: S.O.1885
Section(s) Referred: s. 10(23g)
Statute: INCOME TAX
Date of Issue: 18/6/2001
Notification No. S.O. 1885, dated 18th July, 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 2001-2002, 2002-2003 and 2003-2004.
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-development of major bridge on Solapur Beed, Osmanabad-Aurangabad Road, across river Manjra, near Paragaon village on BOT basis by Rajdeep Road Developers (P.) Ltd., “Rajdeep House”, Savedi Road, Ahmednagar-414 001 under agreement dated 28th May, 1999, between Ashoka Buildcon (P.) Ltd., Rajdeep Road Developers (P.) Ltd. and the Government of Maharashtra.
[Notification No. 214/F.No. 205/75/2000-ITA-II]
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