Approved M/s Ahmedabad Mehsana Toll Road Company Limited Ahmedabad u/s 10(23G) - 11538 - Income Tax

Approved M/s Ahmedabad Mehsana Toll Road Company Limited Ahmedabad u/s 10(23G) NOTIFICATION NO. 11538 DATED 19-10-2000 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 2000-2001, 2001-2002 and 2002-2003. 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 enterprise approved is widening and strengthening of SH No. 41 between the cities of Ahmedabad and Mehsana under BOT basis by M/s Ahmedabad Mehsana Toll Road Company Limited G-1/B Centre Points, Ambavadi, Ahmedabad-390006, under the agreement dated 12th May, 1999 between Government of Gujarat and M/s Ahmedabad Mehsana Toll Road Company Ltd. [F. No. 205/8/2000-ITA-II]