Approved various enterprises/industrial undertakings u/s 10(23G) - 11 - Income Tax

Approved various enterprises/industrial undertakings u/s 10(23G) NOTIFICATION NO. 11 DATED 16-1-2001 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 2001-2002, 2002-2003 and 2003-2004. 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 ) 3MW Lodhana Hydro Electric Project in the district of Darjeeling, West Bengal by M/s Nippon Power Ltd., 10A, Jackson Lane, Calcutta---700001 (F. No. 205/60/2000-ITA-II). ( ii ) Cellular Mobile Telephone Service in Chennai of M/s RPG Cellular Services Limited, 5th Floor, Spencer Plaza, 769, Anna Salai, Chennai, under the license agreement No. 842-21/93-TM dated 30th November, 1994 between President of India, acting through Director (TM-I), Department of Telecommunication and M/s Mobile Telecom Service Limited (F. No. 205/56/2000-ITA-II). ( iii ) 126 MW Larji Hydro Electric Project and 22.5 MW Ghanvi Hydro Electric Project at Himachal Pradesh of M/s Himachal Pradesh State Electricity Board, Vidyut Bhawan, Shimla-4 (F. No. 205/137/99-ITA-II) [F. No. 205/60/2000-ITA-II Ors.]