Approval of North Eastern Electric Power Corporation Ltd under section 10(23G) of the Income-tax Act, 1961 - 054/2002 - Income Tax

Approval of North Eastern Electric Power Corporation Ltd under section 10(23G) of the Income-tax Act, 1961 Notification No. S.O. 934, dated 6th March 2002 . It is notified for general information that enterprise, 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, 2003-2004 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 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 approved is-North Eastern Electric Power Corporation Ltd., Brookland Compound, Lower New Colony, Laitumkhrah, P. B. No. 79, Shillong-793 003 for their Projects Rangandi Hydro Electric Power Projects 3 x 135 mw. located at Arunachal Pradesh and Doyand Hydro Electric Power Project 3 x 25 mw. located at Nagaland (F. No. 205/133/99/ITA.II-Vol. I). [Notification No. 54/2002/F. No. 205/133/99/ITA-II-Vol. I]