Approved various enterprises/industrial u/s 10(23G) - 2235 - Income Tax

Approved various enterprises/industrial u/s 10(23G) NOTIFICATION NO. 2235 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 enterprise/industrial undertakings approved are --- ( i ) improvement to Ahmednagar---Karmala Road, S. H. 141, km. 0/000 to 80/600 on BOT basis by Ashoka Info Pvt. Ltd., 1/4, River View, Ashok Stambha, Nasik-422 002, under the agreement dated February 19, 1999, and supplementary agreement dated June 14, 1999, between the Government of Maharashtra and Ashoka Info Pvt. Ltd. (F.No.205/161/99-ITA-II). ( ii ) 2 x 210 mw. Vijaywada Thermal Power Station, Stage-3, 2 x 210 mw. Rayalaseema Thermal Power Plant, Stage-I and 2 x 250 mw. Kothagudem Thermal Power Plant, Stage-V of Andhra Pradesh Power Generation Corporation Ltd., Vidyut Soudh, Hyderabad. (F. No. 205/163/99-ITAII). [Notification No. 11516/F. No. 205/161/99 and 205/163/99-ITA-II]