Approved enterprise/industrial u/s 10(23G) - 1 - Income Tax

Approved enterprise/industrial u/s 10(23G) NOTIFICATION NO. 1 DATED 22-12-2000 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 2001-2002, 2002-2003 and 2003-2004. 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 ) 9 mw. Harangi Mini Hydel Electric Project at Distt. Kodagu, Karnataka, by Energy Development Co. Ltd., 21-D, 1st Cross, 1st Floor, Jayalakshmipuram, Mysore-570 012 (F.No. 205/68/2000-ITA-II) ; ( ii ) 37.8 mw. power plant at Gurrampalem Village, Pendurty Mangal, Vishakhapatnam Distt., Andhra Pradesh, by LVS Power Ltd., 8-2-293/174/13, B.N. Reddy Colony, Road No. 14, Banjara Hills, Hyderabad-500 034 (F.No. 205/59/2000-ITA-II). [Notification No. 11574/205/68/2000-ITA-II and 205/59/2000-ITA-II]