Approval of M/s Information Technology Park Ltd for the purpose of section 10(23G) of the Income-tax Act, 1961 - 332/2003 - Income Tax

Approval of M/s Information Technology Park Ltd for the purpose of section 10(23G) of the Income-tax Act, 1961 Notification No : 332 Date of Issue : 28/11/2003 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, 2004-05 and 2005-06. 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 Information Technology Park Ltd, Whitefield Road, Bangalore, Kamataka for their project of development, maintenance and operation of Industrial Park at International Tech Park, Whitefield Road, Bangalore (F. No 205/187/99/ITA-II (Vol.1) F.N0.205/187/99/ITA.II (Vol.1)