Approved various enterprises/industrial u/s 10(23G) - 1755 - Income Tax

Approved various enterprises/industrial u/s 10(23G) NOTIFICATION NO. 1755 DATED 13-7-2000 It is notified for general information that the 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 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 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 ) 208 mw. duel fuel based combined cycle power plant at Kakinada, Andhra Pradesh by Spectrum Power Generation Ltd., 6-28 and 6-29, Near L. B. Nagar Municipal Office, Saroornagar, Hyderabad-500 035 (F. No. 205/ 22/2000-ITA-II) ( ii ) 118.63 mw. diesel based power project at Ratlam, Madhya Pradesh by GVK Power (Ratlam) Pvt. Ltd., Kohinoor Road, No. 1, Banjara Hills, Hyderabad-500 034 (F. No. 205/27/2000-ITA-II) [Notification No. 11442/F. No. 205/22/2000-ITA-II and 205/27/2000-ITA-II]