Approved natural gas based power project by M/s Konaseema EPS Oakwell Power Ltd., Hyderabad u/s 10(23G) - 11335 - Income Tax

Approved natural gas based power project by M/s Konaseema EPS Oakwell Power Ltd., Hyderabad u/s 10(23G) NOTIFICATION NO. 11335 DATED 17-4-2000 It is notified for general information that the 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 IT Rules, 1962, for the assessment years 1999-2000, 2000-2001 and 2001-2002. 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 IT Rules, 1962; or ( c ) fails to furnish the audit report as required by sub-rule (7) of the rule 2E of the Income-tax Rules, 1962. 3. The enterprises/industrial undertakings approved is-200 MW natural gas based power project at Senasani Yanam Amalapuram Taluq, East Godavari Distt. Andhra Pradesh by M/s Konaseema EPS Oakwell Power Ltd., 4th Floor, Progressive Towers, Khairatabad, Hyderabad-500004. [F. No. 205/186/99-ITA-II]