Central Government approved project/industrial undertaking by the name of Suratgarh Thermal Power Station of Rajasthan State Electricity Board, Jaipur u/s 10(23G) - 10999 - Income Tax

Central Government approved project/industrial undertaking by the name of Suratgarh Thermal Power Station of Rajasthan State Electricity Board, Jaipur u/s 10(23G) NOTIFICATION NO. 10999 DATED 13-7-1999 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 1999-2000 and 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 enterprise approved is a project/industrial undertaking by the name of Suratgarh Thermal Power Station (Units I II of Phase I) of Rajasthan State Electricity Board, Vidyut Bhavan, R.C. Dave Marg, Jaipur---302005. [F.No. 205/34/98/ITA.II]