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Approved various enterprise/industrial undertakings u/s 10(23G) - 11175 - Income TaxExtract Approved various enterprise/industrial undertakings u/s 10(23G) NOTIFICATION NO. 11175 DATED 20-12-1999 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, 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 readwith 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 enterprise/industrial undertakings approved are : ( i ) 210 MW Stage IV, Panipat Thermal Power Project of M/s Haryana Power Generation Corporation Ltd., Shakti Bhawan, Sector 6, Panchkula-134109. (F. No. 205/35/98-ITA-II) ( ii ) Cellular Mobile Telephone Service in Mumbai of M/s BPL Mobile Communication Ltd., System House, Palakkad, Kerala-678007, under the license agreement No. 842-17/93-TM dt. 30th Nov., 1994 between President of India, acting through Director (TM-1), Department of Telecommunication and M/s BPL Systems and Projects Ltd. (F. No. 205/58/98-ITA-II) ( iii ) Cellular Mobile Telephone Service in Calcutta of M/s Usha Martin Telecom Ltd., 11 Dr. U.N. Brahamchari Street, Calcutta-700017, under the license agreement No. 842-23/93-TM dt. 30th Nov., 1994 between President of India, acting through Director (TM-1), Department of Telecommunication and M/s Usha Martin Telecom Ltd. (F.No.205/85/99-ITA-II) ( iv ) Construction of a two lane bridge across river Watrak including its approaches near village Kheda at Km 33/430 to 42/180 in Ahmedabad-Vadodara section of NH No. 8 under BOT basis by M/s L T Western India Tollbridge Ltd., Mount Poonamallee Road, Manapakkam, P.O. Box 979, Chennai 600089, under the agreement dt. 1st March, 1999 amongst Government of India, Government of Gujarat and Larsen Toubro Ltd. (F. No. 205/173/99-ITA-II)
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