Approved various enterprises-industrial undertakings u/s 10(23G) - 56 - Income Tax

Approved various enterprises-industrial undertakings u/s 10(23G) NOTIFICATION NO. 56 DATED 5-3-2001 It is notified for general information that enterprises-industrial undertakings, listed at para (3) below have been approved by the Central Government for the 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 M-s Shyam Telelinks Limited, A-60, Naraina Industrial Area Phase-I, New Delhi-110028 under the license agreement No. 17-16-95-BSII-Rajasthan dt. 4th March, 1998, between President of India, acting through Deputy Director General (Basic Services), Department of Telecommunication and M-s Telelink Network (India) Limited. (F. No. 205-51-2000-ITA.II) ( ii ) 220 MW Combined Cycle power project at Vetlapalem Village, Samalkot Mandol, East Godavari District, Andhra Pradesh of M-s BSES Andhra Power Ltd., Campus Capri Apartments, 6-3-1090-A, Rajbhavan Road, Somajiguda, Hyderabad-500082 (F. No. 205-11-2001-ITA.II). [F. No. 205-51-2000-ITA-II 205-11-2001-ITA.II]