Approved various enterprises/industrial undertakings u/s 10(23G) - 11188 - Income Tax

Approved various enterprises/industrial undertakings u/s 10(23G) NOTIFICATION NO. 11188 DATED 30-12-1999 It is notified for general information that the 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 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 enterprises/industrial undertakings approved are : ( i ) Cellular Mobile Telephone Service in Rajasthan of M/s Hexacom India Limited, C-148, Naraina Industrial Area, Phase-1, New Delhi-110028, under the license agreement No. 842-63B/95-VAS dated 16th September, 1996, between President of India, acting through Director (VAS-II), Department of Telecommunication and M/s Hexacom India Limited. (F. No. 205/167/99-ITA-II) ( ii ) 19.2 MW power plant consisting of four Gen. Sets using heavy fuel or furnace oil of M/s Kirloskar Power Supply Co. Ltd., Laxmanrao Kirloskar Road, Khadki, Pune-411003. (F. No. 205/175/99-ITA-II) ( iii ) 227 MWs Short Gestation liquid fuel based power project at Bhimavaram and Jaggammagaripeta villages of Peddapuram and Samalkot Mandals, East Godavari District, Andhra Pradesh of M/s NCC Power Corporation Private Ltd., Nagarjuna Hills, Hyderbad-500082. (F. No. 205/171/99-ITA-II) ( iv ) 359 MW Naphtha based power plant at Peddapuram, East Godavari District, Andhra Pradesh of M/s Gautami Power Private Limited, II Floor, KPR House, S.P. Road, Secunderabad-500003 (F. No. 205/179/99-ITA-II)