Notification: S.O.2057
Section(s) Referred: s. 10(23g)
Statute: INCOME TAX
Date of Issue: 23/7/2001
Notification No. S.O. 2057, dated 27th June, 2001.
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 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 enterprises/industrial undertaking approved is 250mw., lignite based power project at Neyveli, Tamil Nadu by ST-CMS Electric Company Pvt. Ltd., Uthangal Village, U. Mangalam Village, via, Virudhachalam Taluk, Cuddalore District-607804 (F.No. 205/38/2001/-ITA-II)
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