Approved various projects by Central Govt. u/s 10(23G) - 11117 - Income Tax

Approved various projects by Central Govt. u/s 10(23G) NOTIFICATION NO. 11117 DATED 1-11-1999 It is notified for general information that enterprises/industrial undertakings, 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/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 undertakings approved are : ( i ) Construction of Railway Over Bridge on NII-6 near village Nashirabad, District Jalgaon, Maharashtra on Build Operate Transfer Basis by M/s Ashoka Vastuship Private Limited, 1/2, River View, Gharpure Ghat, Ashok Stambha, Nasik-422 002, on the basis of the agreement dated 16th November, 1998, amongst Government of India, Government of Maharashtra, Ashoka Buildcon Private Limited and Ashoka Vastuship Private Ltd. (F.No. 205/110/99-ITA-II) ( ii ) Cellular Mobile Telephone Service Project in Gujarat Circle of M/s Fascel Limited, 6th Floor, Sakar II, Ellisbridge, Ahmedabad-380 006, as per license agreement No 842-58(B)95-VAS dated 11th January, 1996 between President of India, through Director (VAS-I), Department of Telecommunication and M/s Fascel Limited (F. No. 205/123/99-ITA-II). ( iii ) 2x250 MW Jamnagar Petcoke based Thermal Power Station in Gujarat of M/s Reliance Power Ltd., Avdesh House, 3rd Floor, Pritam Nagar, 1st Slope, Ellisbridge, Ahmedabad-380 006 (F. No. 205/156/99-ITA-II) ( iv ) 28.77 MW Cogeneration Mini Power Plant at Pashamylaram, District Medak, Andhra Pradesh of M/s Astha Power Corporation Limited, B-1, Industrial estate, Sanathnagar, Hyderabad-500 018. (F.No. 205/159/99-ITA-II).