Approved enterprise Ahmedabad Mehsana Toll Road Company Ltd., Ahmedabad u/s 10(23G) - 2425 - Income Tax

Approved enterprise Ahmedabad Mehsana Toll Road Company Ltd., Ahmedabad u/s 10(23G) NOTIFICATION NO. 2425 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 SII No. 41 between the cities of Ahmedabad and Mehsana under BoT basis by Ahmedabad Mehsana Toll Road Company Ltd., 3-1/B Centre Points, Ambavadi, Ahmedabad-390 006, under the agreement dated 12-5-99 between the Government of Gujarat and Ahmedabad Mehsana Toll Road Company Ltd. (F. No. 205/8/2000-ITA-II). [Notification No. 11538/F. No. 205/8/2000-ITA-II]