Approval of M/s Ashoka Infra Pvt Limited notified under section 10(23G) - 350/2003 - Income Tax

Approval of M/s Ashoka Infra Pvt Limited notified under section 10(23G) Notification No : 350 Date of Issue : 16/12/2003 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 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 Ashoka Infra Pvt Limited, Plot No. 417/418/419, Market Yard, Gultekadi, Pune-411037 for their project of construction of Major bridge across river Krishna near Sheri Nallah on the Sangli by-pass road and its approaches with toll rights on Build, Operate and Transfer (BOT) basis as per agreement dt.23.03.99 between Government of Maharashtra, M/s Ashoka Buildcon Pvt Ltd and M/s Ashoka Infra Pvt Limited (F.No. 205/2/2001-ITA-II). F.N0.205/2/2001/ITA.II