Approval of M/s Mahakali Flyover Limited, Jog Centre under section 10(23G) - 303/2003 - Income Tax

Approval of M/s Mahakali Flyover Limited, Jog Centre under section 10(23G) Notification No : 303 Date of Issue : 21/11/2003 1. 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 2000-2001, 2001-2002 and 2002-2003. 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 Mahakali Flyover Limited, Jog Centre, 28/1, Mumbai-Pune Road, Wakewadi, Pune-411003 for their project of construction of six lane, 1453 M long flyover covering three junctions viz. Bahar, Gold Spot and Andheri-Kurla on the Western Express Highway, Mumbai on BOT basis. (F. No 205/19/2000-ITA-II).