Approved enterprise/industrial undertaking is165 MW power project at Ernapulam, Kerala by M/s BSES Kerala Power Ltd. Mumbai u/s 10(23G) - 12 - Income Tax

Approved enterprise/industrial undertaking is165 MW power project at Ernapulam, Kerala by M/s BSES Kerala Power Ltd. Mumbai u/s 10(23G) NOTIFICATION NO. 12 DATED 16-1-2001 It is notified for general information that enterprise/industrial undertaking, 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 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 enterprise/industrial undertaking approved is---165 MW power project at Ernapulam, Kerala by M/s BSES Kerala Power Ltd. Nagin Mahal (6th Floor), 82 Veer Nariman Road, Mumbai-400020 [F. No. 205/45/2000-ITA-II]