Central Government approved various enterprises u/s 10(23G) - 10897 - Income Tax

Central Government approved various enterprises u/s 10(23G) NOTIFICATION NO. 10897 DATED 6-5-1999 It is notified for general information that enterprises, 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 and 2001-2002. 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 list of enterprises approved are as under : ( i )( a ) Rolep-I Run of the River H.E. Power Project (proposed capacity 9 MW), ( b ) Rolep-II Run of River H.E. Power Project (proposed capacity 12 MW), ( c )Ralong Run of the River H.E. Power Project (proposed capacity 16 MW), ( d ) Chakungchu Run of the River H.E. Power Project (proposed capacity 24MW) of M/s Sikkim Power Development Corporation Ltd., NH-31A (adjacent to UD HD), Ganqtok-737101---Sikkim (F. No. 205/102/99-ITA-II). ( ii ) The Hubli-Dhariwas Bypass on NH-4 to be executed and implemented by M/s Nandi Highway Developers Limited No. 1, Midford House, Midford Garden, Off M.G. Road, Bangalore-560 001 as per the BOT, Concession Agreement (F. No. 205/76/98-ITA-II). ( iii ) 2X130 MW Thermal Power Plant at Toranagallu, Bellary Distt., Karnataka of M/s Jindal Tractebel Power Company Limited, Mindal Mansion, 5A, G. Deshmukh Marg, Mumbai---400 026 (F. No. 205/28/98-ITA-II) ( iv ) Cellular Mobile Telephone Service Project in the Maharashtra Circle vide Licence Agreement No. 842/57/95-VSA/A dated 15th Dec., 1995 and also in respect of Gujarat Circle vide Licence No. 842-58/95/VAS-58A dt. 12th Dec., 1995 by M/s Birla AST T. Communication Ltd. Pune. (F. No. 205/74/98-IA-II) ( v )( a ) Upper Indrawati Hydro Electric Project, Mukhiguda, Kalahandi Project-I, ( b ) Hirakund II (Unit-I), ( c ) Hirakund-I (Burla I II) (Unit I II) IInd project of M/s Orissa Hydro Power Corporation Limited, Bhubaneswar. (F. No. 205/47/98-ITA-II) ( vi ) Mobile Telephone Service Project of M/s BPL US West Cellular Ltd. Coimbatore-648018 in the circles of Kerala, Tamilnadu (excluding Chennai but including Pondicherry), Maharashtra (excluding Mumbai but including Goa) under the licenses granted by Department of Telecommunication in this behalf on 19th Dec., 1995. (F. No. 205/57/98-ITA-II ( vii ) Radio Paging Service Project in the circles of Kerala, Karnataka and Tamilnadu by M/s BPL Wireless Telecommunication Services Ltd., Bangalore---560 025 under licences granted by Department of Telecommunication in the behalf on 21st Sept., 1995 (F. No. 205/55/98-ITA-II) ( viii ) Two projects of 5MW Wind Farm at Kaavakallu village, Anantpur Distt. Andhra Pradesh and 5MW Wind Farm at Leavenjinpuram and Karangulam villages of Tirunelvelli Distt. Tamilnadu by M/s Wind Energy System Care (India) Limited, Chennai, (F.No.205/71/98-ITA-II).