Approved enterprise-industrial undertaking is 1.3 MW power generation project at Tamil Nadu u/s 10(23G) - 52 - Income Tax

Approved enterprise-industrial undertaking is 1.3 MW power generation project at Tamil Nadu u/s 10(23G) NOTIFICATION NO. 52 DATED 1-3-2001 It is notified for general information that enterprise-industrial undertaking, listed at para (3) below has been approved by the Central Government for the 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 2000-2001, 2001-2002 and 2002-2003. 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 1.3 MW power generation project at Uduppam Village, Namakkal Taluk, Tamil Nadu using solid (poultry) waste of M-s G. K. Energy Pvt. Ltd. [F. No. 205-24-2000-ITA-II]