Approved various enterprises/industrial u/s 10(23G) - 11516 - Income Tax

Approved various enterprises/industrial u/s 10(23G) NOTIFICATION NO. 11516 DATED 25-9-2000 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 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 ) improvement to Ahmednagar-Karmala Road, S.H. 141, Km 0/000 to 80/600 on BOT basis by M/s Ashoka Info Pvt. Ltd. 1/2, River View, Ashok Stambha, Nashik-422002, under the agreement dt. 19th Feb., 1999 and supplementary agreement dated 14th June, 1999 between Government of Maharashtra and Ashoka Info Pvt. Ltd. (F. No. 205/161/99-ITA-II) ( ii ) 2x210 MW Vijaywada Thermal Power Station, Stage-3, 2x210 MW Rayalaseema Thermal Power Plant, Stage-I and 2x250 MW Kothagudem Thermal Power Station Stage-V of M/s Andhra Pradesh Power Generation Corporation Ltd., Vidyut Soudh, Hyderabad. (F. No. 205/163/99-ITA-II) [F. No. 205/161/99 205/163/99-ITA-II]