Approved of M/s L&T Transportation Infrastructure Limited under Sec. 10(23G) - 011/2003 - Income Tax

Approved of M/s L T Transportation Infrastructure Limited under Sec. 10(23G) Notification No. 11 of 2003, dt 10th Jan., 2003 . It is notified for general information that enterprise/industrial 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 Incometax Rules, 1962, for the assessment years 2002-2003, 2003-2004 and 2004-2005. 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 undertaking approved is: M/s L T Transportation Infrastructure Limited , Chennai for their project of design, construction, maintenance and operation of 28 Km Coimbatore Bypass on NH-47 and an additional two lane bridge across River Noyyal as per tripartite agreement dt. 3rd Oct., 1997, between The President of India, The Governor of Tamilnadu and the applicant company. [F. No. 205/66/1998/ITA.II]