Approval of M/s BSES Andhra Power Limited for the purpose of section 10(23G) of the Income-tax Act, 1961 - 077/2003 - Income Tax

Approval of M/s BSES Andhra Power Limited for the purpose of section 10(23G) of the Income-tax Act, 1961 Notification No. 77 of 2003, dt 3rd April, 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 Income-tax Rules, 1962, for the assessment years 2004-2005, 2005-2006 and 2006-2007. 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 BSES Andhra Power Limited , 6-3-1090/A, Campus Capri Apartments, Somajiguda, Hyderabad-500082 for their 220 MW Combined Cycle Power Project at Samalkot, East Godavari District, Andhra Pradesh. [F.No. 205/11/2001/ITA-II]