Approved various enterprises/industrial undertakings u/s 10(23G) - 241 - Income Tax

Approved various enterprises/industrial undertakings u/s 10(23G) NOTIFICATION NO. 241 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 ) 3 MW Lodhana Hydro Electric Project in the district of Darjeeling, West Bengal by Nippon Power Ltd., 10A, Jackson Lane, Calcutta-700 001 (F. No. 205/60/2000-ITA-II). ( ii ) Cellular Mobile Telephone Service in Chennai of RPG Cellular Services Limited, 5th Floor, Spencer Plaza, 769, Anna Salai, Chennai, under the licence agreement No. 842-21/93-TM, dated 30-11-94, between President of India, acting through Director (TM-I), Department of Telecommunication and Mobile Telecom Services 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 Himachal Pradesh State Electricity Board, Vidyut Bhawan, Shimla-4 (F. No. 205/137/99-ITA-II). [Notification No. 11/2001/205/60/2000-ITA-Il]