Approved various enterprises-industrial undertakings u/s 10(23G) - 51 - Income Tax

Approved various enterprises-industrial undertakings u/s 10(23G) NOTIFICATION NO. 51 DATED 1-3-2001 It is notified for general information that enterprises-industrial undertakings, listed at para (3) below have been approved by the Central Government for the purposes 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 ) Unit 2(850 KW---Project No. 1217) and Unit 3 (850 KW---Project No. 1218) Hebakawadi Branch Canal Mini Hydel Scheme of M-s Vijaylakshmi Hydro Power Pvt. Ltd. 209, Swiss Complex, 33, Race Course Road, Bangalore-560001 (F. No. 205-32-2000---ITA-II). ( ii ) 100 MW Gas based combined cycle power plant at Dhuvaran, Distt. Anand, Gujarat by M-s Gujarat State Electricity Corporation Ltd., Vidyut Bhawan, Race Course, Baroda -390007. (F. No. 205-46-2000-ITA-II). ( iii ) Stage II (172 MW) duel fuel power station at Vijjeswaram, West Godavari, Distt. Andhra Pradesh of M-s Andhra Pradesh Gas Power Corporation Ltd., Flat No. 202, 2nd Floor, Pancom Chambers, Ameerpet, Hyderabad-500073. (F. No. 205-61-2000-ITA-II). [F. No. 205-32-2000-ITA-II Ors.]