Approval of M/s Veeriah Non-Conventional Power Projects Ltd under section 10(23G) - 354/2003 - Income Tax

Approval of M/s Veeriah Non-Conventional Power Projects Ltd under section 10(23G) Notification No : 354 Date of Issue : 19/12/2003 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 2002-2003, 2003-200 4 and 2004-2005 . 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 2Eofthe 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/induslrial undertaking approved is - M/s Veeriah Non-Conventional Power Projects Ltd, Kurumaddali, Pamarru Mandal, Krishna District, Andhra Pradesh for their biomass based power Generation Plant of 4 MW capacity in Kurumaddali Village , Pamarru Mandal, Krishna District, Andhra Pradesh. (F. No 205/ 12/2003-ITA-II). F.N0.205/12/2003/ITA.II