Notified Project u/s. 10(23G) - M/s GVK Jaipur Kishangarh Expressway Pvt. Ltd, Oasis, 5-8, Veer Vihar, Queens Road, Jaipur - 295/2003 - Income Tax

Notified Project u/s. 10(23G) - M/s GVK Jaipur Kishangarh Expressway Pvt. Ltd, Oasis, 5-8, Veer Vihar, Queens Road, Jaipur Notification No : 295 Date of Issue : 19/11/2003 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 2003-2004, 2004-2005 and 2005-2006. 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 GVK Jaipur Kishangarh Expressway Pvt. Ltd, Oasis, 5-8, Veer Vihar, Queens Road, Jaipur-302021 Rajasthan for their project of widening of the existing 2 lanes to 6 lanes divided carriageway facility including rehabilitation of existing 2 lanes from KM 273/500 to KM 363/885 on Jaipur and Kishangarh section of the National Highway No. 8 (NH-8) in the State of Rajasthan, on Build, Operate and Transfer (BOT) Basis (F. No. 205/45/2002/ITA II).