Approved under section 10(23G) - M/s Essar Power Ltd., Mumbai - 094/2004 - Income Tax

Approved under section 10(23G) - M/s Essar Power Ltd., Mumbai Notification No. 94 of 2004, dt. 11th Mar., 2004 It is notified for general information that the enterprise/undertaking, 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, with effect from the Asstt. Year 2002-03. 2. The approval is subject to the conditions that - (i) the enterprise/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/undertaking:- (a) ceases to carry on the eligible business as defined in Explanation (b) to Rule 2E of I.T. Rules, 1962; or (b) fails to maintain books of account and get such accounts audited by an accountant as required by sub-rule (6) of rule 2E of the Income-tax Rules, 1962; or (c) fails to furnish the audit report as required by sub-rule (6) of rule 2E of the Income-tax Rules, 1962. 3. The enterprise/undertaking approved is - M/s Essar Power Ltd, 14, Essar House, 11, K.K. Marg, Mahalaxmi, Mumbai-400034 (Maharashtra) for their 515 MW Combined Cycle Power Plant at Hazira, Gujarat. (F.No.205/12/98-ITA-II)(Vol.1). File No.205/12/1998-ITA.II (Vol.I)