Approved development of major bridge by Rajdeep Road Developers (P.) Ltd., Ahmednagar u/s 10(23G) - S.O.1885 - Income Tax

Approved development of major bridge by Rajdeep Road Developers (P.) Ltd., Ahmednagar u/s 10(23G) NOTIFICATION NO. S.O.1885 DATED 18-6-2001 It is notified for general information that enterprise/industrial undertaking, listed at para. (3) below has been approved by the Central Government for the 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 enterprise/industrial undertaking approved is-development of major bridge on Solapur Beed, Osmanabad-Aurangabad Road, across river Manjra, near Paragaon village on BOT basis by Rajdeep Road Developers (P.) Ltd., "Rajdeep House", Savedi Road, Ahmednagar-414 001 under agreement dated 28th May, 1999, between Ashoka Buildcon (P.) Ltd., Rajdeep Road Developers (P.) Ltd. and the Government of Maharashtra. [Notification No. 214/F.No. 205/75/2000-ITA-II]