Approved enterprise/industrial undertaking is165 mw. power project at Ernakulam, Kerala by BSES Kerala Power Ltd., Mumbai u/s 10(23G) - 24 - Income Tax

Approved enterprise/industrial undertaking is165 mw. power project at Ernakulam, Kerala by BSES Kerala Power Ltd., Mumbai u/s 10(23G) NOTIFICATION NO. 24 DATED 16-1-2001 It is notified for general information that the 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 Ernakulam, Kerala by BSES Kerala Power Ltd., Nagin Mahal (6th Floor), 82, Veer Nariman Road, Mumbai-400 020 (F. No. 205/45/2000-ITA-II). (Notification No. 12/2001/F. No. 205/45/2000-ITA-II]