Approval of various projects u/s 10(23G) - 10933 - Income Tax

Approval of various projects u/s 10(23G) NOTIFICATION NO. 10933 DATED 20-5-1999 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 enterprises will conform to and comply with the provisions of section 10(23G) of the Income-tax Act, 1961, read with rule 2E of the IT 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 enterprises approved are as under : ( i ) the project to build, maintain and operate the 2nd Narmada bridge and transfer existing bridge as per Concession Agreement signed along with the Larson Tubro Ltd. with Govt. of India and Govt. of Gujarat by M/s Narmada Infrastructure Construction Enterprise Ltd., Chennai. (F. No. 205/103/99/ITA.II). ( ii ) The Power Generation Project of 300 MW Hydro Electric Baspa-II Project in Distt. Kinnaur, Himachal Pradesh of M/s Jai Prakash Hydro Power Ltd., New Delhi (F. No. 205/77/99/ITA. II). ( iii ) Telecommunication Project for provisions of Cellular mobile telephone services in the circles of UP(East), UP(West), Bihar and Orissa in pursuance with the licences granted by Department of Telecommunication, Govt. of India to M/s Koshika Telecom Ltd., New Delhi (F. No. 205/81/99/ITA.II). ( iv ) Construction of bypass on the Coimbatore section of the National Highway (NH-47) 28 Km. bypass and two lane Athupalam bridge on River Noyyal on 32 year Build-Operate Transfer (BOT) basis as per Concession Agreement signed among Larson Tubro Ltd., Ministry of Surface Transport Govt. of Tamil Nadu by M/s L T Transportation Infrastructure Ltd., Chennai (F.No. 205/66/98/ITA.II); ( v ) 335 MW Liquid Fuel Based Power Generation Project at Kondapalli, IDA, Krishna Distt. (AP) by M/s Kondapalli Power Corporation Ltd., Hyderabad (F. No. 205/94/99/ITA.II). ( vi ) Project regarding railway over bridge (four lane) at 368.020 on NHB in Rajasthan by M/s M.S.K. Projects (India) Ltd., Baroda (F. No. 205/32/98/ITA.II)