Approved various enterprises-industrial undertakings u/s 10(23G) - 543 - Income Tax

Approved various enterprises-industrial undertakings u/s 10(23G) NOTIFICATION NO. 543 DATED 5-3-2001 It is notified for general information that enterprises-industrial under takings, 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 ) Basic Telephone Service in Rajasthan of Shyam Telelinks Ltd., A60, Naraina Industrial Area Phase-I, New Delhi-110028, under the Licence Agreement No. 17-16-95-BSII-Rajasthan, dated 4-3-1998, between President of India, acting through Deputy Director-General (Basic Services), Department of Telecommunication and Telelink Network (India) Ltd. (F. No. 205- 51-2000-ITA. 11) ( ii ) 220 mw. combined cycle power project at Vetlapalem Village, Samalkot Mandol, East Godavari District, Andhra Pradesh of BSES Andhra Power Ltd., Campus Capri Apartments, 6-3-1090-A, Rajbhavan Road, Somajiguda, Hyderabad-500 082 (F. No. 205-11-2001-ITA. II). [Notification No. 56-2001-F. No. 205-51-2000-ITA-II and 205-11-2001-ITA. II]