Approved installation of Multi-level Car Parking System (Parkomat) within the city of Calcutta by SimPark Infra (P.) Ltd. u/s 10(23G) - S.O.1688 - Income Tax

Approved installation of Multi-level Car Parking System (Parkomat) within the city of Calcutta by Sim Park Infra (P.) Ltd. u/s 10(23G) NOTIFICATION NO. S.O.1688 DATED 27-6-2001 It is notified for general information that enterprise 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. 2. The approval is subject to the condition that-- ( i ) the enterprise 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-- ( 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 approved is installation of Multi-level Car Parking System (Parkomat) within the city of Calcutta by Sim Park Infra (P.) Ltd. under the agreement dated 8-11-99, between Calcutta Municipal Corporation and Simplex Projects Ltd., 12/1B, Lindsay Street, Calcutta-700087. (F.No. 205/43/2000-ITA-II). [Notification No. 189/2001/F.No. 205/43/2000-ITA-II]